CORRECTED-Payments fintech AvidXchange raises $128 mln to add to funding [Reuters]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Reuters
Payments fintech AvidXchange raises $128 million to add to funding NEW YORK (Reuters) - Business payments processing firm AvidXchange Inc, whose investors include Mastercard Inc and PayPal Holdings Inc co-founder Peter Thiel, said on Thursday it had added an additional $128 million to a $260 million fundraising round it closed in January. AvidXchange provides software that automates payments, invoicing and accounting for small and mid-sized businesses. Many of them have been hurt by the coronavirus outbreak, which has shut down large swaths of the economy. However, the boost in e-commerce and a drive to make more business operations digital is positive for the Charlotte, North Carolina-based company, its chief executive and co-founder, Michael Praeger, said in an interview. “The value proposition that we’ve been evangelizing for years, an event like COVID-19 is becoming the catalyst to change an industry,” Praeger told Reuters. “We had a record first quarter as companies recognized th
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MA
Earnings
- 10/30/25 - Beat
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Sec Filings
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- 11/12/25 - Form 8-K
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