Tagged: avidxchange

Fintech Company AvidXchange Secures $18M During Investment Round Led By Fifth Third Capital

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AvidXchange, a fintech provider of accounts payable and payment automation, announced on Monday it secured $18 million during a recent investment round, which was led by Fifth Third Capital, a subsidiary of Fifth Third Bancorp, with participation from Pivot Investment Partners. The company stated it is planning to use the… Read More

KeyBank Forays Further into Fintech with AvidXchange Partnership and Investment

Brick and mortar KeyBank announced a strategic partnership and minority investment in AvidXchange, a leader in accounts payable automation solutions. Charlotte-based AvidXchange recently completed a $225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special… Read More

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