AvidXchange
AvidXchange is a Charlotte-based accounts payable automation platform serving US mid-market companies, pairing workflow software (AvidInvoice, AvidPay, AvidBuy) and AI agents (AvidAda) with a 1.5M-supplier B2B payments network across 240+ ERP integrations.
- Company typePrivate
- Founded2000
- HeadquartersCharlotte, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingSoftware
What AvidXchange does
AvidXchange is a Charlotte, North Carolina-based accounts payable automation platform serving middle-market companies (typically $5M-$1B in revenue) and their supplier networks across the United States. Founded in 2000, the company built and operates the AvidPay Network — a two-sided B2B payments marketplace connecting 8,800+ buyers to 1.5 million+ suppliers through virtual card, ACH, and check rails — and pairs that network with workflow software (AvidInvoice, AvidPay, AvidBuy, AvidStrongroom, FastPay) plus AI-enhanced agents (AvidAda, AI Approval Agent, AI Purchase Order Matching Agent, AI Invoice Capture). The platform integrates via 240+ pre-built API connectors to major ERP and accounting systems (NetSuite, QuickBooks, Microsoft Dynamics, Sage, Acumatica, Blackbaud, MRI, Yardi, Workday, AppFolio, Rent Manager) and is increasingly distributed as an embedded Accounts Payable as a Service layer inside ERP platforms rather than purely via direct enterprise sales.
The company generates revenue through three streams: SaaS subscriptions (~25-30%), per-transaction payment fees (~65-70%), and float interest earned on payments in transit (~5%+), making it transaction-volume-leveraged rather than seat-leveraged. Pricing is quote-based with unlimited users and approvers per customer, and AvidXchange maintains regulatory moats including PCI DSS compliance and Money Transmitter licensing across all required US states. Vertical specialization runs deep, with dedicated brands and product modules for real estate, community associations, construction (Timberscan), nonprofits/faith-based (Ministry Brands, ParishSOFT, Blackbaud, MIP), media/advertising (FastPay), healthcare, hospitality, automotive, government, and professional services/law firms.
Following its 2021 NASDAQ IPO under ticker AVDX, AvidXchange was taken private in October 2025 by Corpay (~$550M for 34% equity stake with option to acquire the remainder in 2028) and TPG at a $2.2B valuation, removing public-market scrutiny and pairing the company with a strategic payments acquirer. The company reported 2024 revenue of approximately $439M, positive Adjusted EBITDA of ~$34M (an inflection from prior-year losses), and continues to process 75M+ transactions annually with a 1,001-5,000 employee base.
AvidXchange firmographics
Firmographics- Name
- AvidXchange
- Legal name
- AvidXchange Inc.
- Website
- https://avidxchange.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- AvidXchange is a Charlotte-based accounts payable automation platform serving US mid-market companies, pairing workflow software (AvidInvoice, AvidPay, AvidBuy) and AI agents (AvidAda) with a 1.5M-supplier B2B payments network across 240+ ERP integrations.
- Ownership category
- akta.pro rank
AvidXchange industry classification
Industry- Product category
- Accounts Payable Automation Software
- NAICS
- Software Publishers (5132), Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Payment Gateways & Orchestration (BPAMAFAA), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
Keywords
Where AvidXchange is headquartered
LocationHeadquarters
- HQ city
- Charlotte
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
AvidXchange business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- SaaS Subscriptions: Subscription fees from software access and platform usage, representing approximately 25-30% of total revenue.
- Transaction Fees: Per-transaction fees charged on payments processed through the platform, representing approximately 65-70% of total revenue.
- Float Interest: Interest earned on float from payments held temporarily before disbursement, representing approximately 5%+ of revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Annual | Enterprise AP Automation - Custom pricing based on company size and transaction volume |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels10 records
AvidXchange product offering
Product offeringCore offering
AvidXchange provides cloud-native accounts payable automation software and B2B payment solutions for mid-market companies. Its platform automates invoice processing, purchase order workflows, approval routing, and supplier payments via virtual card, ACH, and check. The software integrates with 240+ ERP and accounting systems, and connects buyers to a network of 1.5 million suppliers supported by 250+ supplier services specialists.
Product overview
AvidXchange offers a comprehensive accounts payable automation platform for mid-market companies, consisting of core software products (AvidInvoice, AvidPay, AvidBuy, AvidStrongroom), specialized add-on modules (Timberscan, Timberscan Titanium, AvidAscend, AvidAnalytics, Lien Waiver Management), and the AI-powered AvidAda suite (AI Approval Agent, AI Purchase Order Matching Agent, AI Invoice Capture). The platform connects via over 240 API integrations to major ERP systems including NetSuite, QuickBooks, Microsoft, Sage, Acumatica, Blackbaud, MRI, Yardi, Rent Manager, and others. The company also operates the AvidPay Network with 1.5 million suppliers, enabling B2B payments via virtual card, ACH, or check. Accounts Payable as a Service enables ERP platforms to embed AvidXchange's managed AP infrastructure directly within their systems. FastPay (acquired 2021) provides spend management for media and advertising companies.
Differentiator
Problem solved
Functional benefit
Brands
- AvidPay: AI-powered payment automation software enabling B2B payments with anytime, anywhere visibility.
- AvidInvoice
- AvidBuy
- AvidStrongroom
- Timberscan
- Timberscan Titanium
- AvidAscend
- FastPay
- AvidAnalytics
- AvidAda
- AvidSuite
- AvidConnect
- Accounts Payable as a Service
- AvidXchange Academy
- AvidXchange Advocates
Products and services
- AvidInvoice AI-enhanced invoice automation software that streamlines the entire invoice process while matching current approval workflows. Automates data entry, invoice routing, and payment processing with anywhere, anytime visibility and expert support for mid-market finance teams.
- AvidPay Payment automation software that automates B2B payments to eliminate manual tasks, ensure secure processing, improve accuracy, and streamline reconciliation. Supports virtual card, ACH, and check payments for mid-market buyers paying 1.5 million suppliers in the AvidPay Network.
- AvidBuy Purchase order automation software that reduces unapproved purchases, coding errors, and delays in the PO process. Features automated PO creation, electronic searching for receipts and invoices, visual approval indicators, and 2- and 3-way matching.
- AvidStrongroom Invoice management software with custom and automated approval workflow and routing. Provides 24/7 visibility and access to real-time data with configurable 2-way and 3-way PO matching for enhanced internal controls, targeted at community associations and real estate.
- Timberscan Invoice automation solution for the construction industry, providing paperless invoice processing with automated workflows and approval routing.
- Timberscan Titanium Enhanced invoice automation solution for the construction industry with advanced features and capabilities beyond the standard Timberscan offering.
- AvidAscend AP automation solution for higher education institutions, with advanced capabilities for invoice processing and management.
- Accounts Payable as a Service Fully managed AP infrastructure enabling ERP platforms to deliver integrated AP and payments within their platforms. Features AI-driven invoice automation with 99.2% data extraction accuracy, pre-enabled supplier network, branded buyer experience through APIs, and 99.9% uptime. Monetized through revenue share on payments and invoice processing with no volume minimums.
- AvidPay Network The largest actively enabled B2B payment network for mid-market, connecting 1.5 million suppliers. Enables suppliers to receive payments via virtual credit card (within 1 business day), ACH (within 3 business days), or mailed check. Supported by 250+ supplier services specialists.
- AvidXchange Supplier Hub 24/7 self-service portal for suppliers providing real-time invoice and payment status visibility, customized notifications, Mastercard payment details, user management, data export capabilities, and on-demand chat support.
- Straight Through Processing (STP) Payment automation service for suppliers that reduces Days Sales Outstanding with payments processed directly into merchant account in as little as 24 hours. Provides faster transaction processing, improved accuracy, better data accessibility, and fraud protection.
- FastPay Spend management solution for advertisers and media companies, providing unlimited virtual cards and flexible payment terms. Features spend management dashboard with transaction summaries, spending limit controls, cashback on transactions, and reconciliation automation. Integrates with accounting systems like QuickBooks, NetSuite, and Microsoft Dynamics.
Quantifiable outcome
- 92% of customers say AP automation solutions save them time
- +9 more outcomes
Companies that use AvidXchange
Customer profileNamed customers19 records
Segments10 records
Ideal customer profiles3 records
AvidXchange technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration36 records
AI capability5 records
Feature11 records
AvidXchange partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered key and core.
- WorkdaykeyAvidXchange completed its AvidXchange Payment Automation for Workday integration on the Workday Marketplace, developed in partnership with Invisors (a Workday certified services partner). The integration enables Workday Financial Management users to initiate, approve, and track supplier payments directly within the Workday ERP system, connecting to AvidXchange's AvidPay Network of over 1.5 million suppliers.
- InvisorskeyInvisors is a Workday certified services partner that collaborated with AvidXchange to develop the AvidXchange Payment Automation for Workday integration. Invisors provides implementation and consulting services for the integration.
- ParishSOFT (Ministry Brands)keyAvidXchange launched embedded payments within ParishSOFT Accounting, a product of Ministry Brands, to improve payment automation for faith-based and nonprofit organizations. The integration streamlines payment workflows, increases efficiency, improves financial oversight, and enhances security for dioceses, parishes, and other organizations.
- CenterbasekeyCenterbase announced a partnership with AvidXchange to integrate automated accounts payable solutions into its platform for midsize law firms. This integration aims to reduce manual payment workflows, improve efficiency, and enhance payment security, benefiting law firms' financial management.
- Ministry BrandscoreAvidXchange launched embedded payments within Ministry Brands' Shelby Financials and Ministry Brands Accounting platforms, powered by its Accounts Payable as a Service solution. The integration serves 90,000 churches and nonprofit organizations, enabling them to automate payment workflows and connect to AvidXchange's network of more than 1.5 million suppliers. AvidXchange is Ministry Brands' exclusive payment automation partner.
- COCCkeyAvidXchange announced a strategic partnership with COCC to provide AP automation solutions for community banks and credit unions. The partnership aims to increase operational efficiency and reduce manual work through digital workflows and AI-enhanced software for financial institutions.
- AppFoliocoreAvidXchange announced its Accounts Payable as a Service solution for AppFolio customers, integrating its payment automation software into the AppFolio Stack Marketplace. The solution enables property management teams to manage payments directly within the AppFolio environment, leveraging AI-enhanced software and a network of 1.3 million suppliers. AppFolio customers can enroll and begin making payments within minutes.
- AcumaticacoreAcumatica selected AvidXchange as a strategic partner to power payment automation for its customers. The two companies are developing an embedded payments experience within the Acumatica cloud ERP platform, expected to launch in 2026. Upon launch, Acumatica's more than 10,000 customers will gain access to AvidXchange's AI-enhanced AP automation software and network of over 1.3 million suppliers.
- MRI SoftwarecoreAvidXchange's Accounts Payable as a Service solution is embedded within MRI Software's platform. MRI Software has publicly endorsed the partnership, enabling property management customers to access integrated AP automation without leaving their ERP environment.
- M3keyAvidXchange's Accounts Payable as a Service solution is embedded within the M3 platform (M3 is an ERP/platform provider for the hospitality industry), expanding AvidXchange's reach into hospitality vertical.
- CINC SystemskeyAvidXchange's Accounts Payable as a Service solution is embedded within CINC Systems' community association management platform, serving property management companies with integrated AP automation.
- FastPaykeyAvidXchange acquired FastPay, a payments automation solutions provider for the media industry. The acquisition expanded AvidXchange's portfolio and market reach in the U.S., aligning with AvidXchange's focus on vertical-specific technologies and enhancing its service offerings for middle market companies.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
AvidXchange competitors and assessment
Company assessmentMarket position
Competitive moat7 records
Key highlights7 records
Customer concentration
AvidXchange social profiles
Digital presenceAvidXchange compliance and trust
Trust signalCompliance4 records
AvidXchange financial estimates
Financial estimateRevenue estimate
Valuation estimate
AvidXchange leadership team
Management profileNumber of profiles
Profiles12 records
AvidXchange subsidiaries and ownership
Company hierarchySubsidiaries1 record
AvidXchange funding detail
Funding detailFunding overview
Funding rounds11 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AvidXchange M&A and investment
M&A and investmentM&A7 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AvidXchange
What does AvidXchange do?
AvidXchange provides cloud-native accounts payable automation software and B2B payment solutions for mid-market companies. Its platform automates invoice processing, purchase order workflows, approval routing, and supplier payments via virtual card, ACH, and check. The software integrates with 240+ ERP and accounting systems, and connects buyers to a network of 1.5 million suppliers supported by 250+ supplier services specialists.
Is AvidXchange a public or private company?
AvidXchange is a private company. It is classified as private equity controlled and is currently operating.
When was AvidXchange founded?
AvidXchange was founded in 2000. It employs 1,001 to 5,000 people.
Where is AvidXchange based?
AvidXchange is headquartered in Charlotte, United States, in the North America region.
How does AvidXchange make money?
Three revenue lines are on record. SaaS Subscriptions are the primary driver. The others are transaction Fees and float Interest.
Does AvidXchange have an API?
Yes. AvidXchange offers API-based integrations for ERP platforms. The AvidConnect platform serves as a modern API-based middleware enabling secure data syncing between AvidXchange and accounting systems including invoice data, payment information, GL codes, suppliers, goods receipts, and purchase orders. API integrations are available for NetSuite, QuickBooks Desktop and Online, Microsoft Business Central and GP, Sage Intacct, Sage 100, and Sage 50, Blackbaud Financial Edge NXT, and MIP Fund Accounting.
What industry is AvidXchange in?
AvidXchange's product category is Accounts Payable Automation Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 5132 and its SIC code is 7372.