Business Chief USA March 2019
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CITY FOCUS | CHARLOTTE<br />
80<br />
AVIDXCHANGE<br />
Founded in 2000, AvidXchange is an<br />
industry leader in automating invoice<br />
and payment processes in the real<br />
estate, financial services, energy, and<br />
construction sectors, according to<br />
Bloomberg. The company became<br />
a unicorn in July 2017, making it the<br />
second-oldest of the three.<br />
In January <strong>2019</strong>, Extent Research<br />
named AvidXchange as one of the top<br />
players in the Global Check Printing<br />
Software Market. In the same month,<br />
the company announced plans to<br />
invest $41mn in Mecklenburg County,<br />
expanding their Charlotte Headquarters<br />
to create at least 1,200 new tech<br />
jobs on the periphery of the North End<br />
Smart District, according to the North<br />
Carolina 100.<br />
“We launched AvidXchange 18 years<br />
ago in a coffee shop in Charlotte with<br />
five employees. Since then, we’ve grown<br />
to 1,200 employees and we’re proud<br />
to call North Carolina home,” AvidXchange<br />
CEO Michael Praeger said.<br />
“I’m thrilled to have the State’s continued<br />
support as we look to double our<br />
employee base in the next five years.”<br />
www.avidxchange.com<br />
MARCH <strong>2019</strong>
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