Search Results for "DXC"
3 results for "DXC"
Deals 3
TPG and Corpay Acquire Payments Platform AvidXchange for $2.2 Billion
AvidXchange, a B2B payments automation platform, was acquired by TPG and Corpay for $2.2 billion. TPG gained majority control through its private equity platform while Corpay took a 33% minority stake. The deal highlights continued investor appetite for embedded B2B payments infrastructure.
Mastercard Launches Accelerate Program to Fast-Track Fintech Partnerships
Mastercard announced Accelerate, a global initiative to simplify how it works with fintechs. The program includes Fintech Express, enabling card issuance in as little as 4 weeks. Mastercard partnered with certified processors including Pismo, Conductor, and Tutuka to provide Express Onboarding services.
AvidXchange Acquires BankTEL to Lead AP and Payment Automation for Banks
Fintech AvidXchange announced the acquisition of BankTEL Systems, which serves approximately 20% of U.S. banks. The deal combines BankTEL's bank accounting tools with AvidXchange's AvidPay Network of over 500,000 suppliers. The acquisition positions AvidXchange as a dominant provider of invoice-to-payment automation for the financial services industry.