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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. billion valuation led by PayPal Co-founder Peter Thiel and Mastercard. 9), citing sources. This latest fundraising could top $300 million.

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Today In Payments: Stripe Eyes Funding Round, $100B Valuation; Payment Stocks Cash In As Relief Rally Takes Hold

PYMNTS

Stripe Eyes Funding Round That Could Put Valuation at $100B. Dell Takes an API-Enabled Approach to Fixing Invoicing Pains. Getting paid instantly begins with delivering invoices in real time, says Kim Vodicka, vice president of commercial operations at Dell Financial Services.

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Top News In Payments: PayPal Further Integrates With MercadoLibre; Singtel, Grab To Launch Digital Bank In Singapore

PYMNTS

In today’s top payments news, PayPal further integrates with Argentinian eCommerce company MercadoLibre, and Singtel and Grab partner to launch a digital bank in Singapore. Singtel, Grab Team Up To Launch Digital Bank In Singapore. Singtel and Grab are partnering to launch a digital full bank in Singapore.

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Investors Cozy Up To Invoice Financing

PYMNTS

This shift reflects a combination of market volatility, high valuations and growing fears of another tech bubble, which have led venture capitalists to reassess risk and back more business-to-business startups over those aimed at consumers,” reports concluded. There is a trend away from consumer unicorns and valuations,” he said. “I

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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Corporate travel and expense (T&E) management solutions provider TripActions led this week’s B2B venture capital roundup with its announcement of new funding that propelled its valuation to $4 billion. PYMNTS looks at other industry players around the globe that caught investors’ attention below.

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Monzo To Cut 120 Jobs Due To Pandemic Fallout

PYMNTS

digital bank Monzo will cut 120 jobs due to the impact of the coronavirus, Reuters reports. The news came from an internal note from the bank seen by the news outlet. The bank, which was founded in 2015, started off 2020 optimistic about new funding and planned to hire 500 new employees earlier this year.

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Enterprise Cloud Platform Company Takes The B2B Venture Capital Lead

PYMNTS

Bellevue, Washington-based beauty and wellness space enterprise cloud platform Zenoti finished a $160 million Series D funding round at a valuation in excess of $1 billion, according to a press release. Online invoicing discounting company M1xchange has notched $4.5

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