Three major e-invoicing investments you might have missed in 2016

And so did we…to be honest. We just received an article from that the US Fifth Third Bank is partnering with venture capital (VC) firm QED Investors to bring new products and services to their banking customers.

Last year, the bank was involved in three major deals, writes the editor Soumik Roy.

In November 2016, the bank joined hands with Pivot Investment Partners to invest $18 million in AvidXchange, a provider of accounts payable and payment automation solutions. The company has over 6,000 clients in the US, across several industries such as real estate, financial services, energy and construction.

In September, First Third partnered with GreenSky, an Atlanta-based payment solutions partner. Part of the deal is to license and integrate GreenSky’s technology platform into its digital banking channels.

In April, First Third was part of a consortium comprised of the five largest US commercial banks that invested $30 million in Transactis, a provider of electronic billing and payment solutions.

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