Brick and mortar KeyBank announced a strategic partnership and minority investment in AvidXchange, a leader in accounts payable automation solutions. Charlotte-based AvidXchange recently completed a $225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank and TPG Special Situations Partners. “We consider KeyBank to be one of the most innovative banks in the country and we’re thrilled to have them as both an investor and partner. From the
Source: KeyBank Forays Further into Fintech with AvidXchange Partnership and Investment – Crowdfund Insider
