Deals
AvidXchange Said to Weigh Sale After Takeover Interest
Photographer: Bloomberg Creative Photos
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AvidXchange Holdings Inc., a financial technology company that helps midsize businesses pay and receive bills, is weighing a sale after getting takeover interest, according to people familiar with the matter.
The Charlotte, North Carolina-based company has been working with adviser Financial Technology Partners to consider options after being approached in recent months by potential buyers including private equity firms, said the people, who asked to not be identified because the details aren’t public.