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Newsroom   /   Press Release

AvidXchange Named as a Job-Growth Leader in Mecklenburg County

January 31, 2018

According to Charlotte Chamber’s Year-End Economic Growth Report

CHARLOTTE, N.C., (Jan. 31, 2018) – AvidXchange™, leading fintech provider of Accounts Payable and Payment Automation for midsize companies, was identified in the Charlotte Chamber’s 2017 Year-End Economic Growth Report for Mecklenburg County released this week. The report recognized the growth in professional services and technology firms in the fourth quarter, naming AvidXchange as a leader in job growth with the addition of more than 400 workers in 2017. According to the report, more than 1,000 Mecklenburg County businesses announced the addition of nearly 13,000 jobs in 2017, making it the strongest year for job announcements since 2014 and a 16 percent increase over 2016.

“When AvidXchange began our journey with the city of Charlotte and Mecklenburg County in 2000, our vision focused on providing our customers with the best solutions, while growing along with the community. We were inspired by Charlotte’s leaders like Johnny Harris, Hugh McColl Jr., and other visionaries who contributed to shaping not only the business industry, but also the culture of an entire city,” commented Michael Praeger, co-founder and CEO of AvidXchange. “I often reflect on a quote from Hugh McColl Jr. – ‘Charlotte is a city where you are accepted, and you don’t have to fit into a mold,’ and I’ve seen that come true with my very own eyes,” continued Praeger. “The foundation built by these early pioneers paved a path for companies like AvidXchange to take our first steps towards becoming the leading cloud-based software provider of Accounts Payable and Payment Automation, and we’ve taken the opportunity to further extend that path and mold our own future. It’s thrilling to see how far Charlotte has come, and AvidXchange along with it.”

“Our new campus in the AvidXchange Music Factory has, and will continue to be, a catalyst to recruit high-energy, collaborative, and innovative technology talent. I believe a state-of-the-art technology campus was a huge driver for the growth that the Charlotte Chamber’s report pointed to,” commented Todd Cunningham, SVP of Human Capital and Talent Development for AvidXchange. “We recruit nationally, and have attracted talent from Silicon Valley, Boston, and other top technology hubs in the country with our unique and vibrant culture – this culture and the campus will continue to be a wonderful asset for us as we expand our employee base with additional high performers.”

AvidXchange is positioned for future growth, with plans to hire more AvidXchange team members this year, for a combined Charlotte workforce of more than 1,000 in 2018.

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 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 recently was named of 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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