Press Releases

Fifth Third to Advance B2B Accounts Payable and Payments for Commercial Clients with AvidXchange and Mastercard

Fifth Third’s Strategic Relationship with Mastercard and AvidXchange Brings Efficiency by Automating Invoices and Payments   CHARLOTTE, NC – AvidXchange today announced a strategic relationship with Mastercard and Fifth Third to bring a best-in-class automated accounts payable and payment solution to Fifth Third Bank’s clients. The collaboration is one of several

AvidXchange Named to 2017 Grant Thornton North Carolina 100®

CHARLOTTE, N.C., (October 2, 2017) – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, has been named to the 2017 Grant Thornton North Carolina 100® (NC100), which ranks the state’s largest private companies by revenue. The complete list was released in the October issue

AvidXchange to Expand in Utah

SALT LAKE CITY (Sept. 8, 2017)—The Governor’s Office of Economic Development (GOED) today announced AvidXchange, Inc. will expand its Utah operation, adding up to 218 jobs to the community, nearly $1.8 million in new state revenue and $3.5 million in capital investment. “Utah’s labor market is attractive to innovative companies

AvidXchange’s Paul Cavnaugh Honored as a CIO of the Year Finalist

CHARLOTTE, N.C., (Aug. 18, 2017) –  Paul Cavnaugh of AvidXchange™, leading fintech provider of Accounts Payable and Payment Automation for midsize companies, was honored as a finalist in the Corporate Category for the 2017 Charlotte CIO of the Year Awards at the award ceremony this morning at The Westin Charlotte. The award is

Charity 5K Rock ‘N Run at AvidXchange Music Factory for Eighth Year

 Race Helps Low-Income Families in the North End Corridor CHARLOTTE, N.C., (August 16, 2017) – The AvidXchange Music Factory will host the eighth annual Rock ‘N Run on Saturday, September 9, featuring live music, vendors, raffle giveaways and healthy-living information. The run/walk was created to promote economic development, raise community awareness, and create business alliances in the North

AvidXchange is Named to Forbes Cloud 100 List for Second Year in a Row

AvidXchange™ is named to the Forbes 2017 Cloud 100 list, the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners. AvidXchange™ was celebrated last night in San Francisco at The Cloud 100 Celebration, an exclusive event hosted by Bessemer Venture Partners,

AvidXchange™ Announces Addition of Board and Advisor Members, Colleen Taylor, Nicolas Westphal, and Jane Atherton to Support Growth and Continued Innovation

AvidXchange Adds Deep Banking and Payments Experience to its Board of Directors and Advisors to Support Business Growth and New Initiatives CHARLOTTE, N.C., (June 27, 2017) – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, announced today that it has added three new board

AvidXchange™ Unveils Technology Campus in Charlotte’s North End

CHARLOTTE, N.C., (June 8, 2017) – AvidXchange™, leading fintech provider of Accounts Payable Automation, invoice management software & business payment software for midsize companies, was joined by Mayor Jennifer Roberts today to celebrate the completion of its six-story, 200,000 sq. ft. corporate headquarters building as part of their growing Music Factory

AvidXchange™ Announces Strategic Partnership with Mastercard to Make AP and Payment Automation Prolific for Small and Midsize Businesses and Signs $300 Million in Financing to Support Growth and Continued Innovation

AvidXchange™ Signs $300 Million in Financing to Support Business Growth with New Initiatives,  Including The Mastercard B2B Hub that Will Deliver AP and Payment Automation through Banks CHARLOTTE, N.C., (June 8, 2017) – AvidXchange™, a leading fintech provider of accounts payable and payment automation for midsize companies, announced today its

AvidXchange™ Experiences Record Growth with Partner Program

AvidXchange™, a leading provider of accounts payable and payment automation solutions, is excited to announce record growth of its partner program. The company has experienced explosive growth over the last several years, and now its partner program is joining the ranks of the company’s major achievements. Over the past 12

AvidXchange™ and Vroozi Form Strategic Partnership to Offer a Robust Solution for Procurement through Payment to Midmarket Businesses

CHARLOTTE, N.C., (May 9, 2017) AvidXchange™, a leading provider of accounts payable and payment automation solutions, is pleased to announce its partnership with Vroozi, a leading cloud-based business purchasing platform. AvidXchange™ and Vroozi have formed a strategic partnership to deliver clients a best-in-class experience from procurement through invoice payment. For

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