Press Releases

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

AvidXchange Acquires Piracle Payment Management Software Company

Charlotte, N.C. (November 20, 2014) – AvidXchange, Inc. (“AvidXchange”), a provider of accounts payable (AP) and payment automation solutions for businesses, announced today that it completed its acquisition of Piracle, Inc. (“Piracle”), a company that has offered payment management tools for more than 20 years to over 5,000 customers. AvidXchange’s

AvidXchange to Expand Corporate Operations In Charlotte, North Carolina

Charlotte, NC (September 15, 2014) – Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that AvidXchange will expand its headquarters operations in Charlotte. The company plans to create 603 jobs in Mecklenburg County by the end of 2018 and invest more than $21.4 million. “AvidXchange is

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