Charlotte, NC – According to filings with the U.S. Securities and Exchange Commission, AvidXchange is raising $260,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Michael Praeger played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About AvidXchange

AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processed 9.5 million payments last year across its network of more than 500,000 suppliers, transforming the way 5,500 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,300 employees in seven office locations.

To learn more about AvidXchange, visit http://www.avidxchange.com/

Contact:
Michael Praeger, Chief Executive Officer
800-560-9305
mpraeger@avidxchange.com
https://www.linkedin.com/in/michael-praeger-1a36b313/

SOURCE: http://www.intelligence360.io
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