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AvidXchange Newsroom

About AvidXchange

AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processed 9.5 million payments last year across its network of more than 500,000 suppliers, transforming the way 5,500 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,300 employees in seven office locations.

Editor's Picks

Lucky #7 – AvidXchange makes the Inc. 5000 list

Inc. magazine released its annual list of the 5,000 fastest-growing privately held companies in the U.S., and AvidXchange made the list for the seventh time. Based on revenue numbers in 2015 compared to 2018, AvidXchange saw a growth rate of 179% landing in the 2,243 spot. Check out the full Inc. 5000 list here &

AvidXchange focuses on Women in Tech at Grace Hopper 2019

AvidXchange has hired more than 200 women in the last year alone. With a focus on hiring top talent, AvidXchange made it a priority to be part of the world’s largest women in tech conference, Grace Hopper Celebration. More than 25,000 attendees gathered in Orlando for a week of networking, job searching and professional skills

AvidXchange Named to Forbes Cloud 100 List for Fourth Consecutive Year

For the fourth consecutive year, AvidXchange has been named to the Forbes 2019 Cloud 100, the definitive list of the top 100 private companies in cloud computing “We’ve experienced first-hand the evolution of cloud computing over the last 20 years, from its start as an emerging technology to become the foundation for how we deliver

Press Releases

AvidXchange raises $260 million to support continued growth

B2B payments & AP automation leader kicks off 20th year with new capital CHARLOTTE, N.C. (Jan. 17, 2020) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced it has raised $260 million in equity capital as part of the company’s latest financing round. With contributions

BankTEL Launches First AvidPay Customer

Studio Bank gains access to largest B2B payments network with AvidPay integration COLUMBUS, Miss. (Dec. 5, 2019) – BankTEL, an AvidXchange company, announced today that it has launched its first AvidPay customer, Nashville-based Studio Bank. The product launch for Studio Bank represents a significant milestone following the October 2019 acquisition of BankTEL by AvidXchange. AvidPay, AvidXchange’s

Business Insider

A partner at Bain Capital Ventures explains why payments companies need to do more than just move money to survive

Business Insider

We talked to 4 VC investors about the hottest trends in payments and the biggest innovations to keep an eye on


The one true currency a payment startup has is trust

Awards & Recognition

Inc. 5000 Fastest Growing Private Company
Forbes Cloud 100 for Fourth Consecutive Year
Deloitte Technology Fast 500
NC Tech Association Mid-Size Tech Company of the Year

AvidXchange Media Contact

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