# AvidXchange

AvidXchange is an Asset Manager based in Charlotte, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Charlotte, United States
- **Region:** North America
- **Address:** 1210 AvidXchange Lane, Charlotte, NC, 28206, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** avidxchange.com
- **LinkedIn:** https://www.linkedin.com/company/avidxchange-inc

## Regulatory record

- **Reports private funds:** No

## About

AvidXchange accounts payable automation software helps middle-market businesses and suppliers boost efficiency, accuracy and speed.

## Sectors

- FinTech
- Enterprise Software

## People

- Michael Praeger — Chief Executive Officer and Co-Founder
- Dan Drees — President

## 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.

### 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.

## Related profiles

- [Plenty](https://altss.com/profile/plenty)
- [PayJoy](https://altss.com/profile/payjoy)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/avidxchange

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