CHARLOTTE, N.C., (June 8, 2017) – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, announced today its strategic partnership with Mastercard to deliver accounts payable and payment automation to small and midsize businesses. To support AvidXchange’s continued growth and ability to scale operations for strategic ventures, such as the one with Mastercard, the company is also announcing the signing of $300 million in financing with contributions from Caisse de dépôt et placement du Québec (CDPQ), Mastercard, Temasek, and Peter Thiel. The company’s long-term partner, Financial Technology Partners LP and FTP Securities LLC (“FT Partners”), served as exclusive financial and strategic advisor to AvidXchange in this transaction.
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