Funding Round Could Give AvidXchange $2B Valuation
PYMNTS
DECEMBER 9, 2019
Founded in 2000 by CEO Michael Praeger, the Charlotte, North Carolina-based firm provides software that automates payments, invoicing and accounting for small and mid-sized businesses (SMBs). Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. The company announced on Thursday (Dec.
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