Michael Praeger, CEO


Charlotte, NC

QED Investment:


About AvidXchange

AvidXchange revolutionizes the way companies pay their bills by providing a solution that streamlines the entire Accounts Payable process–from invoice receipt through vendor payment. All of AvidXchange’s solutions are SaaS based, which means that there is one platform for clients to login to for anytime, anywhere access to all invoice and payment data. AvidXchange makes it easy to automate with a 45-day implementation guarantee, and integration to more than 100 accounting systems. AvidXchange retains over 98% of its customer base (reaching 5,000+ customers in North America) through its brand promise of being “Passionate about Customer Success” and fanatical customer support. AvidXchange is headquartered in Charlotte, North Carolina, but also has regional offices in Somerset, New Jersey and Salt Lake City, Utah.

Matt Risley

Similar Investments

Blog Posts

No items found.