Charlotte, N.C., – (December 7, 2018) – AvidXchange, the leading B2B payment solutions provider for midsize companies, was recognized as one of the top fastest-growing companies during the Fast 50 Awards, hosted by the Charlotte Business Journal at the Sheraton Le Meridien Charlotte.
“AvidXchange is honored to be recognized for the eighth consecutive year as one of the fastest growing companies in the Charlotte region,” said Michael Praeger, CEO and co-founder of AvidXchange. “We chose to place the headquarter in Charlotte because of the incredible opportunities created by innovative leaders throughout our region. This recognition highlights all the work that those leaders have put in place so that future generations of entrepreneurs may continue to thrive throughout the community.”
The Fast 50 Awards honor independent and privately-held companies with revenues of $1 million or more, based in the 16-county Charlotte region. Through a formulated selection process, honorees are ranked by their total gross revenue growth over a three-year period, between 2015 – 2017. Experiencing a 43 percent growth-rate during the timeframe, AvidXchange’s emerging development in the technology space placed the company at no. 35 on the list.
About AvidXchange™
AvidXchange™ simplifies the way companies pay their bills through a trusted network fostering a true buyer and supplier collaboration. Serving more than 5,500 clients throughout North America, AvidXchange automates the end-to-end payment process for midmarket companies spanning across multiple industries including Real Estate, Community Association Management, Construction, Financial Services, Energy, and more. Headquartered in one of the top financial districts in the United States, AvidXchange has spent the last 18 years revolutionizing the FinTech space. As a result, Forbes identified AvidXchange as one of the top leading cloud companies in the world today. AvidXchange has been recognized as the top software company in North Carolina by the North Carolina Technology Association and one of the 50 fastest-growing private companies in the Charlotte area for six consecutive years. Ranked among Deloitte’s Fast 500 this past year, AvidXchange continues to remain true to its most valued competitive advantage – its people. For eight consecutive years, AvidXchange has been honored as one of the Best Places to Work in Charlotte. For more information, contact us at 800.560.9305 or [email protected].