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AvidXchange
AvidXchange is a asset manager based in Charlotte, founded 2000; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
AvidXchange
AvidXchange accounts payable automation software helps middle-market businesses and suppliers boost efficiency, accuracy and speed.
General information
Firm type
Asset Manager
Year founded
2000
Location
Region
North America
Country
United States
City
Charlotte
Corporate office
1210 AvidXchange Lane, Charlotte, NC, 28206, United States
Principals
Michael Praeger
Chief Executive Officer and Co-Founder
Dan Drees
President
Sector focus
Frequently asked questions
Who runs investment decisions at AvidXchange?
AvidXchange is not an investment firm — it is a publicly traded operating company that provides accounts-payable automation software and payment processing. Capital allocation and strategic acquisition decisions are led by CEO and Co-Founder Michael Praeger, alongside President Dan Drees and the board.
How does AvidXchange generate revenue?
The company generates revenue through a combination of software subscription fees for its AP-automation platform and transaction-based fees from payments processed across its AvidPay Network. Its acquisitions of FastPay, Core Associates, and BankTEL have extended this model deeper into vertical-specific ERPs.
Is AvidXchange structured as a family office?
No. AvidXchange is a publicly listed fintech and software company incorporated in the United States, not a family office. It serves over 8,000 mid-market corporate customers as an operating business; no family-office or private-wealth-management structures are disclosed.
Does AvidXchange take on a principal investing or private credit role?
There is no evidence that AvidXchange engages in principal investing or private credit deployment. Its public disclosure focuses exclusively on accounts-payable automation, supplier payment processing, and adjacent software services for middle-market enterprises.
What is AvidXchange’s known posture on co-investments alongside external GPs?
AvidXchange has not disclosed any co-investment activities alongside general partners. The firm operates as a technology company, not an asset allocator, and does not maintain a publicly known investment partnership or co-investment program.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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