SO, WHO EXACTLY IS AVIDXCHANGE?

We’re the ones who believe there’s a faster, more efficient way for middle-market businesses to process invoices and make payments; and who, as your ally, want to liberate your AP from all that paperwork that’s slowing down your business and costing you money.

people in circle icon

+700,000

Suppliers

Over 700,000 suppliers paid through the AvidPay Network over the last 5 years.

Rocket_2Color-47

~58 MILLION

TRANSACTIONS

~58 million transactions processed in the last 12 months, as of Q2 2021.

Money Icon

$145 BILLION

PROCESSED

Over $145 billion in spend management in 2020.

LIBERATING Accounts payable, ONE COMPANY AT A TIME

We set out from Charlotte, North Carolina, in the year 2000 with a simple mission in mind: Transform the way companies pay their bills and free up their AP from all that paperwork. We’ve grown quite a bit since then, continuously expanding our team, our footprint and our capabilities to become industry leaders in AP automation.

Today we help more than 7,000 North American companies cut costs, improve visibility and increase efficiencies. We’ve earned the trust of more than 700,000 suppliers paid through our AvidPay Network over the last five years, processing over $145 billion in spend management in 2020. And we’ve become one of the fastest-growing technology companies in the U.S., all by making our customers’ business our business.

AvidXchange Company History

APRIL 2000
JUNE 2003
JUNE 2006
NOVEMBER 2010
FEBRUARY 2012
NOVEMBER 2014
MAY 2015
SEPTEMBER 2015
SEPTEMBER 2015
SEPTEMBER 2015
JANUARY 2016
JUNE 2017
JUNE 2017
OCTOBER 2017
OCTOBER 2017
NOVEMBER 2017
JUNE 2018
DECEMBER 2018
SEPTEMBER 2019
APRIL 2020
DECEMBER 2020
JULY 2021
SEPTEMBER 2021

Michael Praeger & David Miller found AvidXchange

Launched AvidInvoice

Held first user conference

EnergySolve becomes an AvidXchange company

Launched AvidPay

Piracle becomes an AvidXchange company

Strongroom becomes an AvidXchange company

AvidXchange receives $225 million in funding led by Bain Capital

AvidXchange breaks ground on new campus

KeyBank partners with AvidXchange

AvidXchange buys naming rights for N.C. Music Factory

Mastercard partners with AvidXchange

AvidXchange becomes a Global Fintech Unicorn

AvidXchange breaks the 1,000 employee mark

Fifth Third Bank joins Mastercard B2B Hub powered by AvidXchange

Ariett becomes an AvidXchange company

$35 million expansion at Salt Lake City operations center announced

Awarded second N.C. Job Development Investment grant for 1,200 new jobs by 2023

BankTEL becomes an AvidXchange company

AvidXchange raises $388 million in equity capital

Core Associates becomes an AvidXchange company

FastPay becomes an AvidXchange company

AvidXchange files S-1 with Securities and Exchange Commission

AvidXchange has offices in seven great cities across the U.S.

Charlotte, NC - Corporate HQ

1210 AvidXchange Lane
Charlotte, NC 28206

Birmingham, AL

Two Perimeter Park South
Birmingham, AL 35243
 

Columbus, MS

319 Park Creek Drive
Columbus, MS 39705
 

Framingham, MA

200 Crossing Blvd
Framingham, MA 01702
 

Houston, TX

2100 Travis Street
Suite 300
Houston, TX 77002

Los Angeles, CA

8201 Beverly Blvd
Los Angeles, CA 90048
 

Salt Lake City, UT

111 E. Sego Lily Drive
Suite 300
Salt Lake City, UT 84070

Press Releases

Quote Marks
At AvidXchange, we define success as pursuing your passion. Our passion is inspiring businesses to realize the true value of accounts payable and payment automation by eliminating paper invoices and paper checks.

– MIKE PRAEGER
CEO & Cofounder, AvidXchange