Recently, AvidXchange, a Charlotte-based fin tech company, announced Series F funding. Their innovative accounts payable platform is changing the way middle market companies do business, and this new round of funding will fuel their continued growth.
“We’re shaping the future of the B2B payments industry by fundamentally changing the way businesses pay their bills, providing a single platform for AP and payments with the largest payments network for the middle market,” said CEO Michael Praeger in a written statement.
Late last year, Raleigh-based tech company Pendo raised $100 million to fuel their growth. The successful startup provides analytics to help companies improve their websites and software for end users. According to CEO Todd Olsen, the company plans to use the money to hire more software engineers (among other things): “We tend to think that investments in product pay back long-term dividends to the company… A big part of our investment thesis is to continue hiring engineers.”