AvidXchange Holdings, Inc., a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, announced the appointment of two new Board members: Sonali Sambhus and Asif Ramji. The addition of these two seasoned executives with a broad portfolio of experience across software and payments complexes enhances the Board’s insights around product, platform and automation initiatives.
“I am delighted to welcome such high caliber talent as Sonali and Asif join the distinguished AvidXchange Board. As we continue to execute on our product and platform roadmap, we look forward to leveraging their industry knowledge and insights in driving AvidXchange forward and seeking to unlock shareholder value for our investors,” said Co-founder, Chairman and Chief Executive Officer Michael Praeger.
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Asif brings a wealth of experience through his various senior leadership roles across the payments and software ecosystem. He is currently the Founder and Chief Executive Officer at Venture Worx (a private advisory and investment management firm) and previously served as the Chief Growth Officer and Chief Product Officer at FIS (NYSE: FIS). Prior to joining FIS, he led teams in an executive capacity at Worldpay, Vantiv, and Paymetric where he served as president & CEO. Asif has also been recognized by EY as a national Entrepreneur of the Year award recipient for financial services.
“In my two decades of seeing various business models in the payments and software space, I am truly impressed with what AvidXchange has created. It has become a leader in the mid-market accounts payable automation and payments solutions space,” remarked Asif Ramji.
Sonali is a technology innovator and has over two-decades-plus experience in spearheading technology strategies and innovations across diverse industries. Until recently, she served as head of the Developer & ML (machine learning) Platform at Block, Inc. (formerly Square) driving industry leading transformation and platform growth. Previously, she held executive roles at relator.com and Vuclip, Inc.
SOURCE: Globe Newswire