Press Releases

AvidXchange™ to Sponsor 2016 Abila User and Developer Conference

Charlotte, NC (February 23, 2016) AvidXchange™, leading provider of AP and Payment Automation, is proud to sponsor the 2016 Abila User and Developer Conference (AUDC 2016). By partnering with other industry leaders in the space, such as Abila, AvidXchange is making a mark in the nonprofit space and delivering value

AvidXchange and Open Systems Form Strategic Partnership

CHARLOTTE, N.C., (February 9, 2016) AvidXchange™, a leading provider of accounts payable automation solutions for midsize companies, is pleased to announce its partnership with Open Systems. AvidXchange™ and Open Systems have formed a strategic partnership to deliver clients a best-in-class payment automation solution with a strong integration to TRAVERSE. The

AvidXchange Acknowledged as Most Well-Funded Startup in N.C.

Charlotte, N.C., (February 3, 2016) AvidXchange, leading FinTech provider of Accounts Payable and Payment Automation, is North Carolina’s most well-funded startup and #14 in the nation, according to venture capital database, CB Insights. Tech.Co presented the results in a recent article. “It’s thrilling to see what was once an aggressively

AvidXchange Announces Naming Rights of NC Music Factory

Charlotte, N.C., (January 14, 2016) AvidXchange was joined by Mayor Jennifer Roberts at a press conference today to announce that it will become the exclusive and sole sponsor of the NC Music Factory effective March 1, 2016. As part of the sponsorship, the complex name will change to AvidXchange Music

AvidXchange™ Listed on Deloitte’s 2015 Technology Fast 500™

Charlotte, N.C., (November 16, 2015) AvidXchange™, a leading provider of AP and payment automation solutions, is pleased to announce that they ranked on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America for the second year

KeyBank Partners with AvidXchange to Provide Best-in-Class Payment Automation Solutions

Charlotte, N.C., (September 23, 2015) KeyBank (NYSE:KEY) today announced a strategic partnership and minority investment in AvidXchange, a world class leader in accounts payable automation solutions.  This collaboration marks the most recent in a series of partnerships with emerging FinTech providers, solidifying Key’s commitment to deliver innovative products and services

AvidXchange Closes $225 Million Minority Growth Financing Led by Bain Capital Ventures

Charlotte, N.C., (September 14, 2015) AvidXchange, a leading FinTech provider of Accounts Payable and Payment Automation, announced today that it has completed a $225 million minority growth financing led by Bain Capital Ventures, with contributions from Foundry Group, NYCA Partners, KeyBank, Square 1 Bank, and TPG Special Situations Partners. The

AvidXchange and Viewpoint Form Strategic Partnership to Deliver Payment Solutions to the Construction Industry

CHARLOTTE, N.C., (August 4, 2015) AvidXchange, a leading provider of accounts payable automation solutions for midsize companies, is pleased to announce its partnership with Viewpoint Construction Software, a provider of innovative construction-specific software solutions to the global construction and capital project industries. AvidXchange and Viewpoint have formed a strategic partnership

AvidXchange Finalizes Acquisition of Strongroom Solutions

CHARLOTTE, N.C., (June 17, 2015) AvidXchange, leading provider of accounts payable and payment automation solutions for midsize companies, today announced that the acquisition of Strongroom Solutions has been completed. The merger, originally announced last month, will provide AvidXchange’s clients in the real estate space with a more comprehensive solution for

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