AvidXchange

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.

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

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

• Accounts payable automation
• B2B payment processing
• Invoice automation software
• Purchase order automation
• Supplier payment network

Headquarters

HQ city

Charlotte

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscriptions: Subscription fees from software access and platform usage, representing approximately 25-30% of total revenue.
2. Transaction Fees: Per-transaction fees charged on payments processed through the platform, representing approximately 65-70% of total revenue.
3. Float Interest: Interest earned on float from payments held temporarily before disbursement, representing approximately 5%+ of revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core 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

Named customers19 records

Segments10 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration36 records

AI capability5 records

Feature11 records

Partnerships

Twelve partnerships are on record, tiered key and core.

• WorkdaykeyTechnology or Integration · 9 June 2026AvidXchange 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.
• InvisorskeyImplementation/ SI/ Consulting Partner · 9 June 2026Invisors 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)keyOEM/ Whitelabel/ Licensing Partner · 2 June 2026AvidXchange 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.
• CenterbasekeyTechnology or Integration · 19 May 2026Centerbase 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 BrandscoreOEM/ Whitelabel/ Licensing Partner · 27 April 2026AvidXchange 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.
• COCCkeyStrategic or Co-development Partner · 24 March 2026AvidXchange 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.
• AppFoliocoreOEM/ Whitelabel/ Licensing Partner · 3 March 2026AvidXchange 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.
• AcumaticacoreTechnology or Integration · 26 January 2026Acumatica 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 SoftwarecoreOEM/ Whitelabel/ Licensing Partner · 17 December 2025AvidXchange'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.
• M3keyOEM/ Whitelabel/ Licensing Partner · 17 December 2025AvidXchange'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 SystemskeyOEM/ Whitelabel/ Licensing Partner · 17 December 2025AvidXchange's Accounts Payable as a Service solution is embedded within CINC Systems' community association management platform, serving property management companies with integrated AP automation.
• FastPaykeyOthers · 12 July 2021AvidXchange 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

Market position

Competitive moat7 records

Key highlights7 records

Customer concentration

• Xx.com/AvidXchange
• Facebookfacebook.com/AvidXchange
• LinkedInlinkedin.com/company/avidxchange-inc-
• Instagraminstagram.com/avidxchange

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds11 records

Investors21 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A7 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AvidXchange