The Mastercard-backed payment software provider has raised over $1.2bn pre-IPO and has opted to float on the Nasdaq Global Select Market.
US-based billing and payment platform developer AvidXchange has filed for an initial public offering on the Nasdaq Global Select Market that would provide an exit for payment services firm Mastercard.
Founded in 2000, AvidXchange is the creator of a software platform which automates payments and invoicing processes for small and medium-sized businesses, a segment it believes to be underserved. To date it has handled payments for over 7,000 businesses.
The company has set a $100m placeholder amount for the…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
