What Does AvidXchange, Inc. Do?

Total employees1756
HeadquartersCharlotte
Founded2000

AvidXchange provides industry-leading accounts payable (AP) automation software and payment solutions, helping mid-market businesses transform their paper-based AP processes into streamlined, digital workflows. Their cloud-based platform automates the entire AP lifecycle from purchase order to payment, offering enhanced visibility, control, and efficiency. By digitizing invoices and payments, AvidXchange helps companies reduce costs, mitigate fraud risk, and improve supplier relationships.

Where Is AvidXchange, Inc.'s Headquarters?

AvidXchange, Inc. officeAvidXchange, Inc. officeAvidXchange, Inc. officeAvidXchange, Inc. office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the central hub for AvidXchange's operations, including executive leadership, software development, sales, marketing, customer support, and administrative functions. It's the core for strategic decision-making and innovation.

Notable Features:

Located within the AvidXchange Music Factory campus, which includes multiple office buildings and amenities. The campus is known for its modern design, collaborative workspaces, and integration with a vibrant entertainment district. It features two main office buildings connected by a skybridge.

Work Culture:

AvidXchange promotes an innovative, collaborative, and energetic work culture. The headquarters is designed to foster teamwork and creativity, with open office layouts, modern amenities, and spaces for both focused work and informal interaction. Emphasis is placed on employee well-being and professional growth.

HQ Significance:

The Charlotte headquarters is significant as it represents AvidXchange's commitment to growth and innovation in the FinTech sector. Its location in a redeveloped entertainment complex symbolizes the company's dynamic and forward-thinking approach. It also serves as a major employment hub in Charlotte.

Values Reflected in HQ: The modern, open, and collaborative design of the headquarters reflects AvidXchange's values of innovation, teamwork, and customer focus. The investment in a state-of-the-art campus also shows a commitment to its employees and future growth.

Location:

While AvidXchange's primary market and physical office presence are concentrated in the United States, its cloud-based solutions are accessible to businesses globally, particularly those with U.S. operations or U.S. vendors. The company supports supplier payments across various international networks, enabling U.S. companies to manage both domestic and international payables. Its software facilitates AP automation for a diverse range of industries regardless of their geographical spread, provided they operate within its supported payment frameworks.

Street Address:

1210 AvidXchange Lane

City:

Charlotte

State/Province:

NC

Country:

USA

Where Else Does AvidXchange, Inc. Operate Around the World?

Draper, Utah, USA

Address: 13894 S. Bangerter Parkway, Draper, UT 84020

Supports the company's nationwide operations with a focus on the Mountain West and Pacific regions, providing operational capacity and talent acquisition in a key tech hub.

Houston, Texas, USA

Address: 750 Town and Country Blvd., Suite 650, Houston, TX 77024

Serves the South Central U.S. market, leveraging Houston's diverse business environment and talent pool for specific operational or sales functions.

Columbus, Mississippi, USA

Address: 221 Main St, Columbus, MS 39701

Key center for AvidXchange's financial institution clients, providing specialized support and development for banking-related AP automation and payment solutions.

Buying Intent Signals for AvidXchange, Inc.

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading AvidXchange, Inc.? Meet the Executive Team

As of April 2025, AvidXchange, Inc.' leadership includes:

Michael Praeger - Co-Founder & Chief Executive Officer
Joel Wilhite - Chief Financial Officer
Angelic Gibson - Chief Information Officer
John Feldman - Chief Product & Engineering Officer
James Sutton - Chief Revenue Officer

Who's Investing in AvidXchange, Inc.?

AvidXchange, Inc. has been backed by several prominent investors over the years, including:

Bain Capital Ventures
Mastercard
Temasek Holdings
FTV Capital
Sixth Street Partners
Capital Group
The Vanguard Group
BlackRock

What Leadership Changes Has AvidXchange, Inc. Seen Recently?

Hire2
Exits1

AvidXchange has seen key leadership appointments in early 2024, including a new Chief Revenue Officer and a new Chief Product & Engineering Officer, aimed at driving growth and innovation. This follows the planned departure of the company's President at the end of 2023.

Departures

Dan Drees, Dan Drees transitioned out of his role as President, effective December 31, 2023.

New Appointments:

John Feldman, John Feldman appointed as new Chief Product & Engineering Officer to lead product strategy and development.
James Sutton, James Sutton appointed as new Chief Revenue Officer to spearhead sales and revenue generation efforts.

What Technology (Tech Stack) Is Used byAvidXchange, Inc.?

Discover the tools AvidXchange, Inc. uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

AvidXchange, Inc. Email Formats and Examples

AvidXchange commonly uses a few standard email formats for its employees. The most prevalent format is typically [first_initial][last] (e.g., jdoe@avidxchange.com). Other formats like [first].[last]@avidxchange.com may also be in use.

[first_initial][last]@avidxchange.com

Format

jsmith@avidxchange.com

Example

85%

Success rate

What's the Latest News About AvidXchange, Inc.?

AvidXchange Newsroom • May 16, 2024

AvidXchange Appoints John Feldman as Chief Product and Engineering Officer

AvidXchange announced the appointment of John Feldman to the position of Chief Product and Engineering Officer, effective May 16, 2024. Feldman will lead the company’s product strategy, development, and innovation efforts....more

AvidXchange Investor Relations • May 7, 2024

AvidXchange Reports First Quarter 2024 Financial Results

AvidXchange announced its financial results for the first quarter ended March 31, 2024, reporting total revenue of $101.6 million, an increase of 14% year-over-year, and highlighted continued customer growth and platform enhancements....more

AvidXchange Newsroom • February 20, 2024

AvidXchange Appoints James Sutton as Chief Revenue Officer

AvidXchange announced the appointment of James (Jim) Sutton as its new Chief Revenue Officer. Sutton will be responsible for leading the company's sales organization and driving revenue growth strategies....more

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