AvidXchange Revenue and Competitors

Location

$1.1B

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • AvidXchange's estimated annual revenue is currently $232M per year.(i)
  • AvidXchange received $2.5M in venture funding in November 2017.
  • AvidXchange's estimated revenue per employee is $133,493
  • AvidXchange's total funding is $1.1B.
  • AvidXchange's current valuation is $2.2B. (January 2022)

Employee Data

  • AvidXchange has 1738 Employees.(i)
  • AvidXchange grew their employee count by 2% last year.

AvidXchange's People

NameTitleEmail/Phone
1
Technical Product OwnerReveal Email/Phone
2
Co-Founder, Chairman, and CEOReveal Email/Phone
3
CEO, Co-FounderReveal Email/Phone
4
Chief Product OfficerReveal Email/Phone
5
VP, Customer SuccessReveal Email/Phone
6
VP, Head ComplianceReveal Email/Phone
7
VP & Business Line Executive, Emerging MarketsReveal Email/Phone
8
VP Channel Sales / Bank PartnershipsReveal Email/Phone
9
VP and GM SalesReveal Email/Phone
10
SVP FinanceReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$308.5M29925%$279.7M$18.6B
#2
$249.6M124718%$565M$8.3B
#3
$21.2M141-2%$12.3MN/A
#4
$1526.8M75210%N/AN/A
#5
$16.9M130-8%$119.7MN/A
#6
$44.1M29331%$148MN/A
#7
$24.2M157N/AN/AN/A
#8
$7.3M56N/AN/AN/A
#9
$0.9M12N/AN/AN/A
#10
$65.1M359N/AN/AN/A
#11
$4.9M4235%N/AN/A
#12
$2.6M26N/AN/AN/A
#13
$2.5M25N/AN/AN/A
#14
$2.7M27N/AN/AN/A
#15
$11.6M80N/AN/AN/A
#16
$23.4M147N/AN/AN/A
#17
$102.2M564-5%N/AN/A
#18
$3.7M32N/AN/AN/A
#19
$117.5M638-1%$80M$1.2B
#20
$0.6M8N/AN/AN/A
Add Company

What Is AvidXchange?

Welcome to the AvidXchange Community. This is the place for AvidXchange employees, former employees, partners, and AvidXchange Users and administrators. AvidXchange revolutionizes the way companies pay their bills by automating invoice and bill payment processing. We are automation experts and have been automating companies' bill pay processes for more than 15 years to reduce costs, improve productivity and eliminate paper from their bill payment process. Our team of automation experts can automate your bill pay process in 45 days—guaranteed! AvidXchange provides accounts payable solutions that streamlines invoice capture, intelligently routes approvals and automates payments reducing costs, improving productivity and eliminating paper from the process. As the first SaaS technology vendor to automate invoice processing, AvidXchange works with vendors to electronically send and receive invoices and has standard integration to more than 100 accounting systems. Our specialized analytics, Energy and Telecom services provide increased visibility into hidden costs to reduce operating expenses. Headquartered in Charlotte North Carolina AvidXchange is privately held with over 350 employees nationwide.

keywords:E-Commerce,Finance,Human Resources Hr,Payments, saas

$1.1B

Total Funding

1738

Number of Employees

$232M

Revenue (est)

2%

Employee Growth %

$2.2B

Valuation

N/A

Accelerator

AvidXchange News

2022-04-20 - $69.74 Million in Sales Expected for AvidXchange Holdings ...

AvidXchange Holdings, Inc provides accounts payable (AP) automation software and payment solutions for middle market businesses and their...

2022-04-13 - Middle Market Closes 2021 with Another Spending Jump ...

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their...

2022-03-30 - AvidXchange Further Invests in the HOA Industry

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their...

2021-07-20 - AvidXchange Announces REVx 2021 Conference and New "REVx on the Road" Speaker Series

CHARLOTTE, N.C., July 20, 2021 /PRNewswire/ -- AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced that REVx 2021 will take place on Thursday, September 16 at the company's headquarters in Charlotte, N.C. Sessions f ...

2021-07-12 - AvidXchange Welcomes FastPay as an AvidXchange Company, Extending Its Vertical Expertise Within the Media Industry

CHARLOTTE, N.C., July 12, 2021 /PRNewswire/ -- AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced that FastPay, a leading provider of payments automation solutions for the media industry, is joining AvidXchange. Th ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$451.8M18001%N/A
#2
$445.2M18176%N/A
#3
$866.7M18768%N/A
#4
$777.9M205845%N/A
#5
N/A2060N/AN/A

AvidXchange Funding

DateAmountRoundLead InvestorsReference
2003-04-07$2.0MLead Investor: MultiArticle
2015-09-15$225.0MUndisclosedBain Capital VenturesArticle
2016-10-28$3.5MUndisclosedArticle
2016-11-30$18.0MUndisclosedFifth Third CapitalArticle
2017-06-09$100.0MUndisclosedCDPQArticle
2017-11-30$2.5MUndisclosedArticle