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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. 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).

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Fintech Fundings: 23 Companies Raise $685 Million Week Ending Dec 18

Fintech Labs Insights

Diversified financial technology provider. HQ: Charlotte, North Carolina. Blockchain technology for businesses. Indexa Capital. Latest round: $11.2 million Series A. Total raised: $12.2 HQ: Foster City, California. Source: Crunchbase. FinTech Group. Latest round: $11 million Post-IPO equity. Total raised: Unknown.

Company 12
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Lessons From The Failed Chatbot Revolution — And 5 Industries Where The Tech Is Making A Comeback

CB Insights

Slack launched its own $80M chatbot fund, partnering with leading VCs including Spark Capital, Index Ventures, Accel, KPCB, Social Capital, and Andreessen Horowitz. This flurry of activity generated a lot of excitement about the technology’s potential. Fintech: Contract review & bill negotiation. Source: Trim.