That is down from 67% in 2010 but up a bit from 50% in 2013. were made by check, according to data from the Association for Financial Professionals, a trade group. In 2016, just over half of so-called business-to-business payments in the U.S. But the act of businesses paying their suppliers and vendors remains relatively old-fashioned with a heavy reliance on checks. Other digital-payments services including Apple Inc.’s Apple Pay and PayPal’s Venmo have attracted mass followings among consumers. announced a $500-million fundraising in February, values AvidXchange at around $1.4 billion, according to people familiar with the matter. The latest investment, one of the largest for a FinTech company since lender Social Finance Inc. Since its founding, Charlotte, N.C.,-based AvidXchange has raised over $500 million, more than amounts raised by Stripe Inc., Credit Karma Inc. Investors in the funding round include Mastercard Inc., Singaporean state investment firm Temasek Holdings Pte Ltd., Canadian pension fund Caisse de dépôt et placement du Québec and and Peter Thiel, the investor and co-founder of payments company PayPal Holdings Inc. financial-technology companies.ĪvidXchange Inc., a firm that automates bill-payment processes for businesses, said Thursday that it raised $300 million in equity from a group of new investors to bring its service to new industries, potentially acquire smaller competitors and to expand internationally. were made by check.Ī little-known software company that helps businesses pay their bills electronically has quietly amassed more investor funding than all but a handful of U.S. FinTech Company Raises $300 Million to Help Businesses Stop Using Checks AvidXchange valued at $1.4 billion after latest funding round including Mastercard, Temasek, Peter Thiel Fund
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |