AvidXchange raises $300M, plans 600 new jobs

AvidXchange raises $300M, plans 600 new jobs

Charlotte-based financial technology firm AvidXchange  is partnering with Mastercard Inc. and plans to create more than 600 jobs in Mecklenburg County by the end of 2018. The company also announced a major new round of funding: $300 million, raised from big names such as Canada-based institutional investor Caisse de dépôt et placement du Québec, Mastercard, Temasek and Peter Thiel, founder of PayPal. The partnership with Mastercard will create a new product called Mastercard B2B hub, to be rolled out this year.

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