By ET Bureau - April 24, 2020 1 Mins Read
Payment automation solutions provider AvidXchange has raised an additional $128m in equity funding. The business payment processing firm will use the newly raised capital to invest in its existing business.
AvidXchange provides solutions to manage the full invoice to payment process so businesses can receive invoices and pay bills at any time, from any location. According to Reuters, the company’s next round of investment could value it at $2 billion.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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