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Newsroom   /   Press Release

AvidXchange™ CEO and Co-Founder Michael Praeger Listed Among Charlotte Business Journal’s 2018 Most Admired CEO

March 29, 2018

CHARLOTTE, N.C., (March 29, 2018) – AvidXchange™ CEO and Co-Founder, Michael Praeger was recognized among the 2018 Most Admired CEOs during an awards event, hosted by the Charlotte Business Journal at The Westin Charlotte. The honorees were selected by the Charlotte Business Journal editorial team, which recognizes established local leaders who have a strong vision for their companies, have shown commitment to culture in the workplace, and made significant contributions to the Charlotte community.

“I am honored and humbled to receive this recognition alongside other innovative CEOs in the Charlotte community,” said Praeger. “This region is becoming more widely known for its revolutionary business leaders. Continuing to highlight the great work across all industries – which include FinTech – is substantial for growing the list of admirable leaders,” added Praeger.

At the beginning of the year, Praeger was also named the 2017 Business Person of the Year by the Charlotte Business Journal. AvidXchange, led by Praeger, is recognized as one of the fastest-growing firms in the Charlotte region and one of the city’s billion dollar “unicorns.” As a leading financial technology provider, AvidXchange reached a milestone in 2017 – partnering with Mastercard to deliver accounts payable and payment automation to small and midsize businesses. In addition, AvidXchange continues to grow, with its workforce increasing by 37 percent in 2017 – expanding to more than 1,000 employees.

About AvidXchange™

AvidXchange™ revolutionizes the way companies pay their bills.  Serving more than 5,500 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for midmarket companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction.  AvidXchange has been recognized as the top software company in North Carolina by the North Carolina Technology Association, one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years, ranked among Deloitte’s Fast 500 this past year, and was recently named the top 100 technology companies in North America by Red Herring.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for eight consecutive years.  For more information, contact us at 800.560.9305 or [email protected].

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