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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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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Sam’s Club is teaming with Humana and other firms to offer discounts on healthcare services to members in Pennsylvania, Michigan and North Carolina.

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Is a cashless future all that it seems?

NCR

It would therefore seem to be “full steam ahead” with banks and the financial technology industry and media on the benefits of cashless, when reading many of these articles. Faster payments still only account for 2.7% of the volume of transactions, though they are gathering pace. Concerns remain about cashless society.

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Fintech Fundings: 23 Companies Raise $120 Million Week Ending Oct 30

Fintech Labs Insights

HQ: Durham, North Carolina. Clarus Financial Technology. Source: Crunchbase. Payment software for marketplaces & platforms. Latest round: $2.5 million Series A. Total raised: $4.7 Source: Finovate. Accounts receivables management. Latest round: $1.4 million Seed. Total raised: $1.4 Blockchain-based notary service.

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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. 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. HQ: Frankfurt, Germany. Source: Crunchbase. Latest round: $5.3

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The 2023 GonzoBanker Awards

Gonzobanker

The John Lovitz “Yeah My Wife Morgan Fairchild Award” – goes to fellow pathological liar and now former OCC Chief Financial Technology Officer Prashant Bhardwaj. Another lesson that sometimes the most important assets in relationship banking can walk out the door. The Monty Python “Biggus Dickus” Award – goes to Sen.

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Finovate Fall 2016 Live Blog – Day 1

William Mills

It’s dashboard data and looking at a specific market like North Carolina. One of the great qualities about this event is the number of key editors and writers covering this event and I’m always glad to see my friends in the financial media. They do awesome work and are vital to our industry. finovate Tweets.

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