Press Releases

AvidXchange Will Acquire BankTEL to Become the Leader in Accounts Payable and Payment Automation for the Financial Services Industry

20 percent of U.S. banks will have access to AvidPay Network of 500,000+ suppliers CHARLOTTE, N.C. (Aug. 27, 2019) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, announced today that it has agreed to acquire BankTEL Systems, a provider of accounting solutions to more than

SAP Concur and AvidXchange Launch Strategic Partnership, Enabling Concur Invoice Customers to Process Payments Through the AvidPay Network

New partnership provides SAP Concur customers access to electronic payments with 500,000+ suppliers Charlotte, N.C. (July 18, 2019) – AvidXchange today announced a strategic partnership with SAP Concur allowing Concur Invoice customers to process electronic payments through the AvidPay Network of 500,000+ suppliers. With AvidXchange’s payments expertise, Concur Invoice customers

AvidXchange Doubles Footprint in Charlotte with Expanding Headquarters

New building to accommodate an additional 1,200 employees as part of long-term growth strategy CHARLOTTE, N.C. (July 18, 2019) – AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions, announced today in a press conference the expansion of its Charlotte headquarters campus. The new, 201,000 square-foot facility on

AvidXchange Unveils New Study on Future of B2B Fintech

CHARLOTTE, N.C. (May 16, 2019) – AvidXchange™, the leading provider of accounts payable (AP) and payment automation solutions, today released compelling new insights on the future of fintech at REVx, its annual gathering of industry experts, AP thought leaders and finance professionals. Developed in collaboration with Levvel Research, the white

AvidXchange Delivers Accounts Payable Automation with AvidXchange Strongroom for more than 500 Community Management Companies and 50,000 Home Owner Associations

CHARLOTTE, N.C. (May 15, 2019) – AvidXchange™, a leading fintech provider of accounts payable (AP) and payment automation solutions, is commemorating four years of momentum in community association management with its AvidXchange Strongroom product. Now utilized by more than 500 community management companies and 50,000 home owner associations (HOA’s) nationwide,

AvidXchange Named Global Unicorn by CB Insights For Third Year In A Row

Leading market intelligence platform cites AvidXchange among elite group of global fintech companies Charlotte, N.C. (March 13, 2019) – AvidXchange™, a leading fintech provider of accounts payable (AP) and payment automation solutions for midsize companies, was named a Global Unicorn by CB Insights in its latest Market Map highlighting private

AvidXchange Gathers Industry Leaders, Finance Professionals for REVx 2019

Annual conference explores impact of payment automation on today’s workplace Charlotte, N.C. (Feb. 28, 2019) – AvidXchange™, the leading provider of accounts payable (AP) and payment automation solutions for midsize companies, today announced that its 2019 REVx conference will take place in Huntington Beach, Calif. on May 15-16.  REVx brings

AvidXchange Hires Fintech Industry Leaders for Continued Growth and Innovation

Charlotte, N.C. (Feb. 12, 2019) – AvidXchange™, a leading fintech software provider of accounts payable (AP) and payment automation solutions for midsize companies, continues its growth momentum by naming four new leaders across its sales, marketing, information technology, and product teams. Angelic Gibson joins the leadership team as Chief Information

AvidXchange Recognized as Large Business of the Year in Sandy Summit Awards

  Accolade reaffirms continued investment in Utah operations center SALT LAKE CITY, UTAH (Feb. 1, 2019) – AvidXchange™, a leading fintech provider of accounts payable (AP) and payment automation solutions for midsize companies, was recognized as Large Business of the Year in the 2018 Sandy Summit Awards at a ceremony last

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