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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.

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The 2023 GonzoBanker Awards

Gonzobanker

GonzoBanker of the Year (Mid-Size Bank) – goes to David Findlay, CEO of Lakeland Financial. Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. Grab some popcorn and watch.

Fintech 191
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37 Corporate Innovation Labs In Finance

CB Insights

Acting as a minority investor, Citi Ventures looks for entrepreneurs who are working on next-generation technologies in core business areas like financial services, data analytics, and payments. Capital One — Capital One Labs. Key people: James Patterson, Managing VP & Head of Capital One Labs at Capital One.