Press Releases

CHARLOTTE, N.C., (February 16, 2017) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, announced today that they have unveiled new offerings for suppliers by the name of AvidXchange Cashflow Manager™. AvidXchange has experienced phenomenal growth over the last several years, and a key part of AvidXchange’s customer ecosystem is

CHARLOTTE, N.C., (February 7, 2017) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, is pleased to announce the addition of Joel Wilhite as Chief Financial Officer (CFO). Joel is a seasoned financial executive with over 20 years of experience in progressive growth companies. Embarking on 2017 after another year

CHARLOTTE, N.C., (February 2, 2017) AvidXchange™, a leading provider of accounts payable and payment automation solutions, is pleased to announce its partnership with GCPay.com, the construction industry’s leading online platform for automating subcontract management processes . AvidXchange™ and GCPay.com have formed a strategic partnership to deliver clients a best-in-class payment

CHARLOTTE, N.C., (Dec. 12, 2016) AvidXchange™ received the Charlotte Business Journal’s Fast 50 Award during a ceremony at the Hilton Charlotte Center City. The Fast 50 program recognizes the top 50 growing companies with revenues of $1 million, or more, in the 16-county Charlotte region. Winners were selected with a

CHARLOTTE, N.C. (Nov. 28, 2016)AvidXchange™, leading FinTech provider of Accounts Payable and Payment Automation, announced today that it has added another set of strategic Investors in its recent $18 million strategic investment round.  This investment was led by Fifth Third Capital, a subsidiary of Fifth Third Bancorp, with participation from Pivot Investment Partners.

CHARLOTTE, N.C., (Nov. 18, 2016) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, was named as the #3 Extra Large Company to work for in Charlotte by the Charlotte Business Journal at the awards dinner Thursday. The Charlotte Business Journal selects the winners based on a combination of criteria

CHARLOTTE, N.C., (Nov. 16, 2016) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, today announced that it ranked 268 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. A key criteria for designation is

CHARLOTTE, N.C., (November 11, 2016) – AvidXchange™, leading provider of accounts payable and payment automation solutions for midsize companies, received the Top Midsize Technology Award at the North Carolina Technology Association’s (NCTA) gala last night at the Raleigh Convention Center. The NC Tech Awards is North Carolina’s largest and most prestigious statewide technology awards program.

CHARLOTTE, N.C., (Oct. 24, 2016) – AvidXchange™ CEO and Co-Founder, Michael Praeger, will join other CEOs as part of Money20/20’s “Building a Billion-Dollar Financial Services Company: When Startups Grow Up” on October 24, 2016 in Las Vegas, NV. All the FinTech CEOs on the panel have turned a business plan into a successful company,

Charlotte, NC (October 12, 2016) AvidXchange™, leading provider of AP and Payment Automation, is proud to announce Platinum sponsorship of MRI’s 2016 International User Conference. AvidXchange has been a sponsor of MRI’s IUC since 2002, and is the exclusive Platinum Sponsor for the sixth consecutive year. The conference is taking

CHARLOTTE (October 11, 2016) – AvidXchange™ is named one of the largest privately-held businesses in North Carolina as recognized by the 2016 Grant Thornton North Carolina 100® (NC100) for the third consecutive year. To view the list, please visit www.GrantThornton.com/NC100. The list will appear in the October edition of Business

NEW YORK (Sept. 13, 2016) – AvidXchange™ is named to the first-ever Forbes 2016 Cloud 100, the definitive list of the top 100 private cloud companies in the world, developed in partnership with Bessemer Venture Partners. To view the list, please visit www.forbes.com/cloud100. The list will appear in the October