Eved
Eved is an AI-led global AP and payments platform purpose-built for the events, media, and entertainment industries. It combines accounts payable workflow automation (EvedAP), cross-border vendor payments across 140+ currencies (EvedPay), and prepaid Visa cards (EvedPay Card) into a unified system.
- Company typePrivate
- Founded2010
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Eved does
Eved is a privately-held, AI-led global accounts payable and payments platform purpose-built for the events, media, and entertainment industries. Founded in 2010 by CEO Talia Mashiach with $1M of personal capital, the company has invested over $35M in software development (including $19M+ specifically in R&D) and operates across 200+ countries supporting 140+ currencies. The platform comprises three integrated products unified on a single data layer: EvedAP (AI-powered AP workflow management covering invoices, POs, budgets, approvals, and per diems), EvedPay (a proprietary global payment rail that aggregates thousands of vendor disbursements into a single daily transaction), and EvedPay Card (virtual and physical Visa prepaid cards with Apple/Google Wallet provisioning, per-card controls, and a companion mobile app). Card issuance is operated through PEX in conjunction with Fifth Third Bank and The Bancorp Bank under Visa U.S.A. Inc. license.
The company serves three primary verticals — Film & TV Production, Meetings & Events, and Music & Entertainment — each characterized by project-based budgets, hundreds of short-term vendors, accelerated timelines, and multi-currency complexity that traditional ERP systems (SAP, Oracle, Workday) cannot accommodate. Eved monetizes through a blended model combining volume-based merchant transaction fees on EvedPay (1.8% at $200M+ volume up to 3.0% under $1M), recurring subscriptions for EvedAP, rebate participation on qualified card spend (1%), and professional services for implementation and integration. The go-to-market is enterprise sales-led with 30-minute customized demos and 2-6 week onboarding cycles, supplemented by a self-service vendor onboarding portal (vendors onboard in approximately 10 minutes) and partner-led distribution through deep integrations with SAP, Cast & Crew, Workday, Oracle, NetSuite, Coupa, Salesforce, Cvent, Wrapbook, Greenslate, and Entertainment Partners.
Eved maintains SOC 1 Type 1, SOC 2 Type 2 (annual), PCI DSS (since 2010, audited by Trustwave), GDPR, and CCPA compliance. The board is chaired by Steve Sarowitz (Founder & Chairman of Paylocity, NASDAQ: PCTY). The company survived a near-existential February 2020 COVID-19 shock that caused 70% of event clients to cancel by pivoting into film and television production, where each episode operates like a large-scale event with complex logistics and hundreds of vendors. Headcount stands at 11-50 employees operating fully remote in the U.S. with global teams.
Eved firmographics
Firmographics- Name
- Eved
- Legal name
- Eved LLC
- Website
- https://eved.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Eved is an AI-led global AP and payments platform purpose-built for the events, media, and entertainment industries. It combines accounts payable workflow automation (EvedAP), cross-border vendor payments across 140+ currencies (EvedPay), and prepaid Visa cards (EvedPay Card) into a unified system.
- Ownership category
- akta.pro rank
Eved industry classification
Industry- Product category
- Accounts Payable & B2B Payments Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Billing, Payments & Subscription Management (MPAHAJAC)
Keywords
Where Eved is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Eved business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- EvedPay Transaction Fees: Merchant fees charged to vendors when payments are processed through EvedPay. Fees decrease as vendor payment volume increases, ranging from 3.0% (up to $1M) down to 1.8% ($200M+). No startup, monthly, or termination fees.
- EvedAP Subscription: Subscription-based access to the AP workflow platform managing budgets, approvals, invoices, PO-to-pay, and reconciliation. Pricing based on payment volume and products used.
- EvedPay Card Rebates: Organizations earn rebates on qualified card spend processed through EvedPay Card (1% rebate), and rebates on qualified vendor payments through EvedPay. Turn field expenses and AP into revenue opportunities.
- Professional Services: Implementation, training, and custom workflow design services. Eved handles vendor onboarding, system integration, and team training as part of implementation.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Volume-based merchant rates starting at 3.0% |
| Subscription | Annual | EvedAP subscription-based pricing |
| Subscription | Monthly | EvedPay Card with 1% rebate on qualified spend |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Eved product offering
Product offeringCore offering
Eved operates an AI-led global accounts payable and payments platform purpose-built for the events, media, and entertainment industries. It sells three integrated products on a single data layer: EvedAP for AP workflow management (invoices, POs, budgets, approvals, per diem), EvedPay for cross-border vendor payment execution in 140+ currencies across 200+ countries via a proprietary payment rail, and EvedPay Card (virtual and physical Visa prepaid cards with a companion mobile app) for on-site and real-time expenses. The platform handles the full AP lifecycle from budget creation through payment, reconciliation, and rebate capture.
Product overview
Eved is an AI-led global accounts payable and payments platform built as a unified system with three integrated core products: EvedAP (workflow management), EvedPay (global payment execution), and EvedPay Card (virtual/physical prepaid cards). All three products share a single data layer, enabling end-to-end workflows from budgets to approvals to payments to reconciliation. The platform serves events, media, and entertainment industries with built-in compliance, vendor management, and real-time visibility across 200+ countries and 140+ currencies.
Differentiator
Problem solved
Functional benefit
Brands
- EvedAP: AI-powered accounts payable workflow platform managing invoices, POs, budgets, approvals, and per diem.
- EvedPay
- EvedPay Card
Products and services
- EvedAP AI-powered accounts payable workflow platform for events, media, and entertainment companies. Manages invoices, purchase orders, budgets, multi-matrix approvals, and per diem from budget creation through payment and reconciliation, with AI-driven OCR, auto-coding, PO matching, configurable approval routing, real-time budget tracking, and anomaly detection.
- EvedPay Global vendor payment solution built on Eved's proprietary payment rail, enabling vendor payments in 140+ currencies across 200+ countries. Includes built-in OFAC/BSA screening, W-8/W-9 and VAT capture, 1099 issuance, payment aggregation into a single daily transaction, and rebates on qualified spend.
- EvedPay Card Virtual and physical Visa prepaid card solution (with companion mobile app) for on-site expenses, crew charges, and real-time purchases outside the invoice workflow. Features instant Apple/Google Wallet provisioning, per-card spending limits, merchant and location restrictions, real-time transaction tracking, automatic reconciliation into EvedAP, and a 1% rebate on qualified card spend.
Quantifiable outcome
- 90%+ fraud risk reduction through secure one-time onboarding
- +8 more outcomes
Companies that use Eved
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
Eved technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration13 records
AI capability7 records
Feature8 records
Eved partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, standard and advisory.
- SAPcoreStrategic partnership bringing efficient, secure accounts payable and vendor management to entertainment, media, and production companies. Deep integration enabling co-built connections with shared compliance and unified workflows.
- Cast & CrewcoreStrategic partnership with co-built connection for real-time data flow. Integration connects vendor payments with production accounting software, eliminating duplicate data entry and unifying production accounting. Designed around how production finance teams actually operate.
- OraclestandardEnterprise ERP integration for large-scale financial operations and reporting through open API infrastructure.
- NetSuitestandardCloud-based ERP connection for mid-market and growing organizations through open API infrastructure.
- QuickBooksstandardSmall business accounting integration for streamlined bookkeeping through open API infrastructure.
- CventstandardEvent management platform integration for meetings and events spend. Creates complete event management-to-payment workflow connecting event registration and logistics with financial lifecycle management.
- SalesforcestandardCRM integration for unified client and vendor relationship management through open API infrastructure.
- BizlystandardIntegration for booking and paying for meeting spaces through EvedPay and Bizly partnership.
- GreenslatestandardAI-powered connectivity adapting to Greenslate's data requirements. Eved generates uploads in Greenslate's format and maps their exports automatically.
- Entertainment Partners (EP)standardAI-powered connectivity for payroll and production finance. Eved adapts to EP's data requirements without any changes on their end.
- WrapbookstandardAI-powered connectivity bridging Eved with Wrapbook's production payroll platform. AI-powered data mapping and custom upload generation handles the integration gap.
- Julie SilversteinadvisoryPresident of JS & Partners. Serves on Eved's Board of Directors providing strategic advisory support.
- John NendickadvisoryFounder of Malaga Consulting. Serves on Eved's Board of Directors providing strategic consulting guidance.
- Bob SolomonadvisoryFounder of Software Platform Consulting. Serves on Eved's Board of Directors providing software platform expertise.
- Chris YooadvisoryCFO of Core BT. Serves on Eved's Board of Directors providing financial oversight guidance.
- PEX (Prepaid Expense Solutions)coreCard solution hosting partner for EvedPay Visa Prepaid Card Solutions. Issues cards through Fifth Third Bank, N.A. and The Bancorp Bank, N.A. pursuant to Visa U.S.A. Inc. license.
- Fifth Third Bank, N.A.coreIssuing bank for EvedPay Visa Prepaid Card Solutions. Member FDIC. Cards may be used everywhere Visa prepaid cards are accepted.
- The Bancorp Bank, N.A.coreAlternative issuing bank for EvedPay Visa Prepaid Card Solutions. Member FDIC. Cards may be used everywhere Visa prepaid cards are accepted.
Scale indicators10 records
Recent moves6 records
Expansion highlights5 records
Eved competitors and assessment
Company assessmentBroad incumbents
- NetSuite (Oracle): Cloud ERP suite with integrated AP, billing, and payment capabilities. Eved integrates with NetSuite for mid-market clients but a mature NetSuite AP module represents an incumbent alternative for organizations seeking embedded rather than vertical-specialized AP/payments.
- SAP Concur: Enterprise expense management and AP platform within SAP's broader ERP portfolio. Eved has a strategic partnership with SAP but competes conceptually as a vertical-specialized alternative to Concur's horizontal enterprise AP/expense offerings for large organizations.
Others
- Cvent: Event management platform for meetings and events with adjacent registration, logistics, and sourcing capabilities. Eved integrates with Cvent for meetings/events clients, making them complementary ecosystem partners rather than direct competitors, though Cvent touches some overlapping event finance workflows.
Direct peers
- Tipalti: B2B AP automation and global mass payouts platform. Highly comparable to Eved on cross-border vendor payments, multi-currency support, tax compliance (1099/W-8/W-9), and OFAC screening — Tipalti is Eved's closest functional peer though less vertical-specialized.
- Melio: B2B payments platform focused on SMB bill pay and vendor payments. Comparable to Eved on vendor payment workflows and AP automation, though Melio is US-focused and serves smaller businesses while Eved targets enterprise media/entertainment.
- Airbase: B2B AP automation platform with bill payments, corporate cards, and expense management. Closest comparable in company stage and product breadth to Eved, with overlapping AP workflow, vendor management, and cross-border payment capabilities across mid-market customers.
- Bill.com: Public B2B accounts payable and payments platform serving SMBs and mid-market. Most direct comparison to Eved on AP automation, vendor payments, and international payment processing, though Bill.com operates horizontally while Eved is vertical-specialized.
- Ramp: B2B corporate card and AP automation platform with rapid growth and aggressive pricing. Comparable to Eved on AP workflow automation, vendor payments, and prepaid card issuance, though Ramp focuses on US mid-market rather than vertical-specific international payments.
- Brex: Corporate card and B2B payments platform with AP automation features. Comparable to Eved on prepaid card issuance, real-time controls, and payment processing for businesses, though Brex focuses on tech/SMB segments rather than media/entertainment.
Emerging players
- Wrapbook: Production payroll and finance platform for film/TV and entertainment. Eved integrates with Wrapbook via AI-powered connectivity for production payroll, making them complementary; Wrapbook focuses on payroll/worker classification while Eved focuses on vendor payments and AP — overlapping in production finance workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Eved social profiles
Digital presenceEved compliance and trust
Trust signalCompliance6 records
Eved financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eved leadership team
Management profileNumber of profiles
Profiles12 records
Eved funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eved M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eved
What does Eved do?
Eved operates an AI-led global accounts payable and payments platform purpose-built for the events, media, and entertainment industries. It sells three integrated products on a single data layer: EvedAP for AP workflow management (invoices, POs, budgets, approvals, per diem), EvedPay for cross-border vendor payment execution in 140+ currencies across 200+ countries via a proprietary payment rail, and EvedPay Card (virtual and physical Visa prepaid cards with a companion mobile app) for on-site and real-time expenses. The platform handles the full AP lifecycle from budget creation through payment, reconciliation, and rebate capture.
Is Eved a public or private company?
Eved is a private company. It is classified as venture growth investor backed and is currently operating.
When was Eved founded?
Eved was founded in 2010. It employs 51 to 100 people.
Where is Eved based?
Eved is headquartered in Chicago, United States, in the North America region.
How does Eved make money?
Four revenue lines are on record. EvedPay Transaction Fees are the primary driver. The others are evedAP Subscription, evedPay Card Rebates and professional Services.
Who are Eved's main competitors?
Broad incumbents on record are NetSuite (Oracle) and SAP Concur. Cvent is listed as an others. Direct peers are Tipalti, Melio, Airbase, Bill.com, Ramp and Brex. Wrapbook is listed as an emerging player.
Does Eved have an API?
Yes. Eved has invested heavily in open API infrastructure allowing any software with open APIs to integrate with Eved. The platform offers robust open APIs and AI-powered connectivity. For systems without modern APIs, Eved's AI automatically generates uploads in the exact format required and maps exports from other systems into Eved's data layer. Developer documentation is at No Information.
What industry is Eved in?
Eved's product category is Accounts Payable & B2B Payments Software. Its primary akta.pro industry code is MPAHAJAC, Billing, Payments & Subscription Management. Its NAICS code is 522320 and its SIC code is 7372.