We set out from Charlotte, North Carolina, in the year 2000 with a simple mission in mind: Transform the way middle market companies receive, manage, and pay their bills. We’ve grown quite a bit since then; we became a public company in 2021 and remain dedicated to continuously expanding our team, our footprint and our capabilities through strategic investments and acquisition of industry leading companies like FastPay, Core Associates and BankTEL Systems.

Today we help more than 8,000 North American companies cut costs, improve visibility, and increase efficiencies. We’ve earned the trust of 1.2 million suppliers paid through our AvidPay Network over the last five years, processing $231 billion in spend management in 2023. And we’ve become a leading provider of accounts payable automation software and payment solutions for middle market businesses and their suppliers, all by making our customers’ business our business.

At AvidXchange, we define success as pursuing your passion. Our passion is inspiring businesses to realize the true value of accounts payable and payment automation by eliminating paper invoices and paper checks.

– MICHAEL PRAEGER
CEO & Co-founder, AvidXchange

To learn more, download our corporate fact sheet.