CHARLOTTE, N.C. (Dec. 18, 2018) – AvidXchange, the leading B2B payment solutions provider for midsize companies, announced today that it will add 1,229 jobs to its Charlotte headquarters.
The financial technology company, founded in 2000 with five employees, will expand to 2,116 jobs in Charlotte, with salaries ranging from $37,000 to $135,000. The City of Charlotte and Mecklenburg County are supporting the expansion through a Business Investment Program (BIP) grant of $3.3 million over seven years.
"AvidXchange is a homegrown, Charlotte success story," said Charlotte Mayor Vi Lyles. "We are developing, attracting and retaining 21st century talent right here in our city, and AvidXchange is proof of our talent-driven economy."
Founded in 2000, AxidXchange has since expanded operations beyond Charlotte to Salt Lake City, Houston, Pembroke, M.A. and Somerset, N.J., where the company provides services to 5,500 clients across North America.
The company is consistently recognized as a great place to work and was recently named one of the fastest-growing companies in Charlotte for the eighth consecutive year. AvidXchange has also demonstrated strong corporate citizenship with its Foundation that helps enrich children's lives and helps them to become successful adults, and through its support of local fintech and startup organizations.
"We are excited about the expansion of AvidXchange's headquarters," said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. "The company's rapid growth points to future growth for our local economy and workforce. It's important that we support the growth of companies that relocate to our County and the ones that started here in Mecklenburg County."
"From our early days at the three back tables of Anderson's Coffee Shop to our small brick warehouse building on the corner of 9th and Brevard with five desks all facing each other, our biggest asset is not our technology or the industry leading products we have today, but the unwavering commitment from the people on our team which today is over 1,200 AvidXchange teammates strong," said AvidXchange CEO Mike Praeger. "As we look to grow our employee base even more, I'm confident that Charlotte will continue be a great place to call home."
The project was a collaborative effort between the City of Charlotte, the North Carolina Department of Commerce, Mecklenburg County, the Economic Development Partnership of North Carolina (EDPNC), Duke Energy and the Charlotte Regional Business Alliance (formerly the Charlotte Chamber and Charlotte Regional Partnership).
To read the State of North Carolina's release, click here.
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