Curated by
Hypepotamus
Hypepotamus is the Southeast's leading startup and tech publication. Since 2011, we've covered the founders, investors, and ecosystem builders shaping Atlanta, Nashville, Charlotte, and beyond, bringing news, funding rounds, founder spotlights, and job listings all in one place.
stacklist.com/hypepotamus
Hypepotamus is the Southeast's leading startup and tech publication. Since 2011, we've covered the founders, investors, and ecosystem builders shaping Atlanta, Nashville, Charlotte, and beyond, bringing news, funding rounds, founder spotlights, and job listings all in one place.
More in Fintech Industry Trends and Ecosystem Reports
See all 15 →A Year In Review: A Look At The Southeast's FinTech Scene
hypepotamus.com
Temperature Check: The Fintech Ecosystem in 2023
hypepotamus.com
Fintech Leaders Ready to Build Amid Economic Uncertainty
hypepotamus.com
More from Hypepotamus
See all stacks →IoT in Agriculture, Traffic and Everyday Life
6 cards · Technology
Smart Cities and Autonomous Vehicle Testing (Curiosity Lab)
8 cards · Technology
Southeast AI Startups Raising Funding Rounds
8 cards · Technology
AvidXchange Expands Footprint with Florida Acquisition
AvidXchange, a Charlotte-based fintech software provider, acquired Florida-based Core Associates and its TimberScan AP automation platform to become a leading purchase-to-pay solution for the construction industry. The company, valued at over $1 billion since 2017, continues its exponential growth with multiple acquisitions and an expanding headquarters.
Built for AI agentsACO · 602 tokens
Summary
AvidXchange, a Charlotte-based fintech software provider, acquired Florida-based Core Associates and its TimberScan AP automation platform to become a leading purchase-to-pay solution for the construction industry. The company, valued at over $1 billion since 2017, continues its exponential growth with multiple acquisitions and an expanding headquarters.
Tags
fintech · acquisition · accounts-payable · avidxchange · b2b-payments · construction · startup-growth
Key entities
AvidXchange (organization, 0.99) · Core Associates (organization, 0.95) · TimberScan (technology, 0.95) · Michael Praeger (person, 0.95) · Frank Grenci (person, 0.9) · Charlotte, North Carolina (location, 0.95) · Jupiter, Florida (location, 0.9) · AvidPay Network (technology, 0.9) · BankTel Systems (organization, 0.8) · Chantal Allam (person, 0.85) · purchase-to-pay automation (concept, 0.88)
Classification
notes · language en · status final
Provenance
claude-opus-4-6 via @stacklist/mcp-server@2.0.0, confidence 0.85, 9 Jul 2026