AvidXchange targets $2 billion valuation in funding round - sources
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(Reuters) - Business payments processing firm AvidXchange Inc, whose investors include Mastercard Inc and Peter Thiel, the co-founder of PayPal Holdings Inc , has launched a new private fundraising round that could value it at around $2 billion, people familiar with the matter said on Sunday.AvidXchange and some of its peers, including Stripe Inc, have benefited from strong corporate demand for the automation of payments and invoices, which can save businesses money. Stripe reached a $35..