North Carolina based provider of accounts payable solutions for the middle market has raised $128m a Series F extension round from a number of new investors including Lone Pine Capital, Schonfeld Strategic Advisors, MasterCard, and Neuberger Berman.
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Charlotte-based AvidXchange raises $128m for accounts payable platform
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“We continue to solve a real problem for companies that still rely on paper invoices and checks, fundamentally changing the way they pay their bills,” he added. “This has become even more evident as we see businesses implementing continuity plans and shifting to work from home models, making automation essential to support mission critical processes and keep operations running.”
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