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North Carolina's AvidXchange expands footprint with Florida acquisition

North Carolina's AvidXchange expands footprint with Florida acquisition

AvidXchange is expanding its footprint yet again. The Charlotte-based fintech software provider has acquired Core Associates, an accounts payable (AP) firm based out of Jupiter, Florida. The company is the maker of TimberScan, a complementary AP solution estimated to have 30,000 users. With this acquisition, AvidXchange said it

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Monday Fund-Day: Who Raised What in the Startup South — April 19-25

How do you get to almost $140 million in funding in one week? Well, apparently it helps if you're a payment automation platform in Charlotte, an outdoor care software startup, and a nutrition product provider, all at once. Welcome back to Monday Fund-Day, your start-of-the-

AvidXchange Eyes Double Unicorn Status With $260M Equity Funding Round

AvidXchange Eyes Double Unicorn Status With $260M Equity Funding Round

Charlotte-based fintech unicorn AvidXchange has announced it has raised $260 million in equity capital as part of the company's latest financing round. TPG Sixth Street Partners, an AvidXchange investor since 2015, led participation in the round. When the company announced the round’s launch in December 2019,

AvidXchange

Southern Payments Unicorn Brings In Chief Growth Officer From Fiserv to “Double Revenue”

Payments technology platform AvidXchange, one of the few southeastern companies valued at over a billion dollars, has pulled in a Chief Growth Officer with 25+ years experience growing fintech revenue streams and sales. Dan Drees, most recently of Fiserv, will be responsible for the go-to market of AvidXchange’s