Mastercard-backed AvidXchange has received $260m in funding from investors including existing shareholder TPG Sixth Street Partners.
AvidXchange, a US-based payment technology provider backed by payment services firm Mastercard, has secured $260m in a funding round featuring TPG Sixth Street Partners.
A range of undisclosed investors also contributed to the round. The news comes just a few days after a regulatory filing revealed the company had obtained $130m from two unnamed backers.
Founded in 2000, AvidXchange has developed invoice automation and payment processing software that integrates with a business’s existing infrastructure. The platform processed 9.5 million…
