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  • Charlotte-based financial tech firm raises $300 million for major expansion

    Michael Praeger, CEO of AvidXchange, announces a new partnership with Mastercard and the signing of $300 million in financing to support growth and development while unveiling their new building.

Michael Praeger, CEO of AvidXchange, announces a new partnership with Mastercard and the signing of $300 million in financing to support growth and development while unveiling their new building. Jenna Eason The Charlotte Observer
Michael Praeger, CEO of AvidXchange, announces a new partnership with Mastercard and the signing of $300 million in financing to support growth and development while unveiling their new building. Jenna Eason The Charlotte Observer

Charlotte-based financial tech firm raises $300 million for expansion; adds 600 jobs

June 08, 2017 12:17 PM

UPDATED June 08, 2017 04:43 PM

More Videos

Barings CEO dedicates 300 South Tryon office tower 1:35

Barings CEO dedicates 300 South Tryon office tower

Incentives given to new companies to come to North Carolina 0:51

Incentives given to new companies to come to North Carolina

CEOs describe health care partnership as a 'marriage' 1:08

CEOs describe health care partnership as a 'marriage'

Over-the-top apartment amenities 0:46

Over-the-top apartment amenities

Take a sneak peek inside an Amazon fulfillment center 1:05

Take a sneak peek inside an Amazon fulfillment center

This video is how Charlotte pitched itself to Amazon 5:31

This video is how Charlotte pitched itself to Amazon

Kirill Vladimirovich of RCI Demolition on what it takes to demolish a building 2:56

Kirill Vladimirovich of RCI Demolition on what it takes to demolish a building

Two bears get into a vicious brawl and it’s all caught on camera 0:12

Two bears get into a vicious brawl and it’s all caught on camera

Remembering Robert D. Raiford during his retirement from the 'John Boy & Billy' radio show 3:01

Remembering Robert D. Raiford during his retirement from the "John Boy & Billy" radio show

Danica Patrick announces 2017 will be her last NASCAR season 0:23

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  • Barings CEO dedicates 300 South Tryon office tower

    In late 2014, construction began on 300 South Tryon, a new 25-story building next to uptown’s Latta Arcade. It was a milestone for Charlotte, which had not seen groundbreaking on an office tower since the recession. Three years later, officials including the CEO of asset manager Barings, Tom Finke, gathered Thursday for a grand opening of the 300 South Tryon project, whose occupants include Charlotte’s first Kimpton hotel and the corporate headquarters for Barings.