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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

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). percent through 2028, according to Boston Consulting Group. AvidXchange previously raised $300 million in 2017 at a $1.4