Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served AvidXchange as financial advisers on this transaction, according to a Tuesday (May 6) news release...
Is AP automation solution provider AvidXchange for sale? Bloomberg reports that the firm, specializing in bill payment and receipt solutions for midsize businesses, is exploring a potential sale after receiving takeover interest from several suitors, according to sources familiar with the matter. The Charlotte, North...
The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction, as investors sent shares down by double digits in many cases, even when results topped...
Earnings dragged down several names in the FinTech IPO Index, but the overall performance was positive, up 1.2%. A few double-digit gainers led the way. MoneyLion shares gained more than 20% through the past five sessions. As has been spotlighted by PYMNTS earlier in the...
May 09, 2025
The earnings season floodgates opened this past week for the FinTech IPO Index, and outsized gains by several names sent the overall index up by 8.1%. Sezzle shares led the gains, up 44.1%. The company’s latest earnings indicated that gross merchandise volume (GMV) surged 64.1% year over year to $808.7 million, fueled by increased subscriber and […]
February 28, 2025
The FinTech IPO Index was awash in a sea of red this past week, with nary a positive showing to be found. Earnings were met, by and large, with dissatisfaction,...
May 31, 2024
Earnings dragged down several names in the FinTech IPO Index, but the overall performance was positive, up 1.2%. A few double-digit gainers led the way. MoneyLion shares gained more than...
August 14, 2018
Nearly two years after its launch, Same Day ACH (SDA) credits are being used by nearly half of businesses and government agencies (that’s not bad for the only ubiquitous faster...
May 06, 2025
Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served AvidXchange as financial advisers on this transaction, according to a Tuesday (May 6) news release from AvidXchange. “TPG and Corpay will acquire AvidXchange for $10.00 […]
March 14, 2025
Is AP automation solution provider AvidXchange for sale? Bloomberg reports that the firm, specializing in bill payment and receipt solutions for midsize businesses, is exploring a potential sale after receiving...
May 23, 2024
AvidXchange and MIP Fund Accounting by Community Brands partnered to provide a fully digitized invoice-to-pay process to nonprofit groups. With this collaboration, AvidXchange’s accounts payable (AP) automation solution has been integrated into MIP’s cloud-based, software-as-a-service (SaaS)...
November 08, 2023
AvidXchange announced Wednesday (Nov. 8) an integration partnership with AppFolio, a real estate-focused solutions provider. The partnership between AvidXchange and AppFolio aims to enhance accounts payable automation benefits for AppFolio’s 19,000 real estate customers. By integrating...
