Originally published at AvidXchange Newsroom.

AvidXchange recently joined Pledge 1% as part of its transition to become a public company listed on the Nasdaq Global Select Market. Pledge 1% is a global movement that encourages and empowers companies of all sizes and stages to donate 1% of their staff time, product, profit, or equity, or any combination of the four, to philanthropic endeavors of their choosing.

AvidXchange will join the more than 15,000 companies in 100 countries around the world that have used Pledge 1%’s framework to ignite over a billion dollars in new philanthropy this year alone.

“Joining Pledge 1% was a no-brainer for us when we were exploring ways to make a bigger impact outside our office walls following today’s milestone,” said Michael Praeger, CEO and Co-Founder of AvidXchange. “Corporate giving is a part of AvidXchange’s DNA and we look forward to leveraging this new commitment as an opportunity to give back to the communities where we work and live.”

“We are thrilled that AvidXchange has joined the Pledge 1% movement and that their commitment has already had such an immediate and meaningful impact,” said Amy Lesnick, Chief Executive of Pledge 1% “As an industry leader, AvidXchange is paving the way toward a future where social impact is part of every company’s culture, values, and business model.”

AvidXchange began its focus on giving-based initiatives in 2005 when the AvidXchange Foundation was founded in response to helping elementary school children impacted by Hurricane Katrina. The Foundation has continued to grow, taking on the mission of positively impacting the lives of youth in the communities where AvidXchange employees live and work.

To learn more about the AvidXchange Foundation, click here.

And to learn more about Pledge 1%, click here.