AvidXchange
Founded Year
2000Stage
IPO | IPOTotal Raised
$1.16BDate of IPO
10/13/2021Market Cap
2.13BStock Price
10.42Revenue
$0000About AvidXchange
AvidXchange (NASDAQ: AVDX) specializes in accounts payable automation software and payment solutions for middle-market businesses. The company offers a suite of products that streamline invoice processing, automate bill payments, and provide purchase order matching, all designed to enhance financial operations. AvidXchange serves various sectors, including real estate, construction, financial services, healthcare, and more. It was founded in 2000 and is based in Charlotte, North Carolina.
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AvidXchange's Product Videos
ESPs containing AvidXchange
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The accounts payable automation market allows businesses to streamline and automate invoice processing and payment activities. Vendors provide platforms that integrate with existing enterprise resource planning systems and accounting software through APIs and software development kits. These platforms automate invoice capture and matching, data extraction, approval workflows, and payment processin…
AvidXchange named as Leader among 15 other companies, including Coupa, Bottomline, and Tipalti.
AvidXchange's Products & Differentiators
AvidInvoice
AvidInvoice is a web-based, paperless invoice management system designed to automate the way companies manage their accounts payable (AP). AvidInvoice streamlines the entire invoice process while matching current approval workflows. Companies spend less time managing the AP process while maximizing electronic invoice receipt and capture.
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Research containing AvidXchange
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned AvidXchange in 2 CB Insights research briefs, most recently on Oct 26, 2023.
Oct 26, 2023
The CFO tech stack market map
Oct 4, 2022 report
The Fintech 250: The most promising fintech companies of 2022Expert Collections containing AvidXchange
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
AvidXchange is included in 6 Expert Collections, including Fintech 100.
Fintech 100
998 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Payments
3,082 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Tech IPO Pipeline
568 items
SMB Fintech
355 items
Conference Exhibitors
5,302 items
Fintech
9,394 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest AvidXchange News
Jan 17, 2025
AvidXchange CHARLOTTE, N.C., Jan. 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its fourth quarter 2024 ended December 31, 2024, financial results will be released on Wednesday, February 26, 2025. AvidXchange will host a conference call at 10:00 AM ET on February 26, 2025, to discuss the company’s financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/ . Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. About AvidXchange AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses and it has made payments to more than 1,200,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit www.AvidXchange.com . Contact:
AvidXchange Frequently Asked Questions (FAQ)
When was AvidXchange founded?
AvidXchange was founded in 2000.
Where is AvidXchange's headquarters?
AvidXchange's headquarters is located at 1210 AvidXchange Lane, Charlotte.
What is AvidXchange's latest funding round?
AvidXchange's latest funding round is IPO.
How much did AvidXchange raise?
AvidXchange raised a total of $1.16B.
Who are the investors of AvidXchange?
Investors of AvidXchange include Bain Capital Ventures, Nyca Partners, Foundry, QED Investors, Pivot Investment Partners and 19 more.
Who are AvidXchange's competitors?
Competitors of AvidXchange include Bench, Finexio, Dext, Kyriba, Canopy and 7 more.
What products does AvidXchange offer?
AvidXchange's products include AvidInvoice and 3 more.
Who are AvidXchange's customers?
Customers of AvidXchange include Pinellas County Housing Authority, Trellis Fifth Avenue and Bridge Community Health Clinic.
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Compare AvidXchange to Competitors
Billtrust provides accounts receivable automation and order-to-cash solutions within the financial services sector. The company offers services that improve the invoicing process, support multi-channel payments, and allow matching and posting for business-to-business transactions. Billtrust's solutions serve various industries, improving cash application and electronic handling of invoices and payments. It was founded in 2001 and is based in Hamilton, New Jersey.
Kyriba operates within the financial technology sector and focuses on liquidity performance. Its offerings include a platform for cash and treasury management, risk management, and payment processing. Kyriba serves sectors such as finance, technology, retail, manufacturing, and insurance, targeting CFOs, treasurers, and IT leaders. It was founded in 2000 and is based in San Diego, California.
ContaAzul offers software-as-a-service accounting and invoicing solutions for small businesses. Its services include quotes by email, contract management, sales management, electronic invoice management, and more. It was founded in 2011 and is based in Joinville, Brazil.
Tipalti is a global payables automation company that specializes in streamlining all phases of the accounts payable and payment management workflow. The company offers a cloud-based platform that simplifies the management of supplier payments, encompassing supplier onboarding, tax and regulatory compliance, invoice processing, and payments to suppliers worldwide in various methods and currencies. Tipalti's solutions are designed to reduce the workload for accounts payable departments and enhance financial and compliance controls. It was founded in 2010 and is based in Foster City, California.
Canopy specializes in practice management software for accounting and tax firms. Its main offerings include client relationship management, document management, workflow automation, time tracking and billing, and tax resolution services. Canopy was formerly known as Beanstalk Tax. It was founded in 2014 and is based in Draper, Utah.
Chargezoom provides accounts receivable automation and payment processing within the financial technology sector. The company offers services such as digital invoicing, recurring payments, payment terminals, and customer portals, utilizing artificial intelligence to assist in the billing and collection process. Chargezoom's platform aims to reduce administrative workload and ensure PCI compliance for businesses. It was founded in 2019 and is based in Irvine, California.
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