Mexico-based Commerce and BNPL Fintech Platform Aplazo Secures $70 Million in Equity Funding [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
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Source: Yahoo! Finance
tools to help merchants accelerate sales and grow their brands, announced today the closing of $70 million of additional equity financing, including a $45 million Series B. QED Investors led the equity financing, which also included participation from new investor Volpe Capital as well as existing investors Oak HC/FT, Kaszek and Picus Capital. Aplazo has now secured more than $100 million in equity financing and $75 million in committed debt funding since launching in late 2020. The financing round comes on the back of a threefold growth in revenue from rapidly expanding market share among online and offline merchants, as well as strong financial performance, operating near breakeven in the last couple of months. The company will deploy the additional capital to continue shaping Aplazo's best-in-class product offering for consumers and merchants alike and double down on product innovation including using AI capabilities to better understand consumer and merchant needs and to enhan
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AVDX
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- 7/31/24 - Beat
AVDX
Sec Filings
- 10/18/24 - Form 4
- 10/16/24 - Form 144
- 9/25/24 - Form 4
- AVDX's page on the SEC website