About AvidXchange
AvidXchange is a company based in Charlotte (United States) founded in 2000 was acquired by TPG in May 2025. AvidXchange has raised $1.18 billion across 20 funding rounds from investors including Mastercard, KeyBank and Corpay. The company has 1,600 employees as of December 31, 2024. AvidXchange has completed 8 acquisitions, including Ariett, Ariett Mobile and AvidXchange. AvidXchange offers products and services including Accounts Payable Automation Software, Invoice Automation, and Payment Automation. AvidXchange operates in a competitive market with competitors including Razorpay, Bill.com, Zaggle, Konfío and Zip, among others.
- Headquarter Charlotte, United States
- Employees 1600 as on 31 Dec, 2024
- Stage Public
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Sectors
Technology
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Avidxchange Holdings, Inc.
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Annual Revenue
$438.94 M (USD)15.29as on Dec 31, 2024
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Net Profit
$8.14 M (USD)117.2as on Dec 31, 2024
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EBITDA
$36.53 M (USD)439.5as on Dec 31, 2024
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Total Equity Funding
$1.18 B (USD)
in 20 rounds
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Latest Funding Round
$66 M (USD), Series F
Sep 03, 2020
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Investors
Mastercard
& 20 more
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Employee Count
1600
as on Dec 31, 2024
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Investments & Acquisitions
Ariett
& 7 more
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Acquired by
TPG
(May 06, 2025)
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IPO & Listings of AvidXchange
AvidXchange is a publicly listed company on the NASDAQ with ticker symbol AVDX in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of AvidXchange
AvidXchange offers a comprehensive portfolio of products and services, including Accounts Payable Automation Software, Invoice Automation, and Payment Automation.
Automates invoice processing and payments for business efficiency.
Streamlines invoice approvals and management processes.
Facilitates secure and automated payment disbursements.
People of AvidXchange
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Product Management Team
55 people
Software Development Team
30 people
Senior Team
23 people
Leadership Team
23 people
Finance and Accounting
19 people
Operations Team
12 people
Board Team
9 people
Manager Team
9 people
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Funding Insights of AvidXchange
AvidXchange has successfully raised a total of $1.18B across 20 strategic funding rounds. The most recent funding activity was a Series F round of $66 million completed in September 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in AvidXchange
AvidXchange has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mastercard, KeyBank and Corpay.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm partnering with enterprise software companies and early-stage funds.
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Long/short and long-only strategies are employed by the hedge fund.
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Web application services requiring JavaScript, along with potential agricultural-related offerings.
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Locked | Locked | Locked |
Investor details for AvidXchange
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by AvidXchange
AvidXchange has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Ariett, Ariett Mobile and AvidXchange.
Investment portfolio details for AvidXchange
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Liquidity and workflow solutions are offered to digital media firms.
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Locked | Locked | 2009 | Locked | |
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Cloud-based ERP software is offered for construction professionals.
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Locked | Locked | 2007 | Locked | |
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Cloud-based accounts payable software is provided for SMBs.
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Locked | Locked | 2007 | Locked |
Complete acquisition details for AvidXchange
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- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
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Financial Statements - AvidXchange
Detailed financials for AvidXchange
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
- Statement rows
- Financial ratios
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Avidxchange Comparisons
Peer comparison for AvidXchange
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- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of AvidXchange
AvidXchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Razorpay, Bill.com, Zaggle, Konfío and Zip, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Payment and business banking solutions are provided for enterprises.
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Cloud-based accounts payable and receivable software for businesses
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| Locked | Locked | Locked |
Business spends, payments, and rewards are streamlined by automated workflows.
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Financial solutions platform provider
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Cloud-based purchase approval management software is provided for businesses.
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Detailed competitors of AvidXchange
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Avidxchange
Complete news archive for AvidXchange
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about AvidXchange
AvidXchange was founded in 2000 and raised its 1st funding round 2 years after it was founded.
AvidXchange is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
AvidXchange is a funded company, having raised a total of $1.18B across 20 funding rounds to date.
As of Dec 31, 2024, the latest employee count at AvidXchange is 1,600.
Annual revenue of AvidXchange is $438.94M as on Dec 31, 2024.
AvidXchange was founded in 2000 and is headquartered in Charlotte, United States. Automation solutions for accounts payable and payments are provided to mid-market businesses in the financial technology sector. Services include invoice management, purchase order processing, bill payments, utility bill handling, and check printing. The purchase-to-pay process is streamlined through integrated software tools, supporting operational efficiency across various industries.
AvidXchange offers Accounts Payable Automation Software, Invoice Automation, and Payment Automation.
Yes, AvidXchange is publicly traded on NASDAQ under the ticker symbol AVDX.
AvidXchange has made 8 acquisitions, including Ariett, Ariett Mobile, and AvidXchange.
AvidXchange has 21 investors. Key investors include Mastercard, KeyBank, Corpay, Fifth Third Bancorp, and TPG.
The ticker symbol of AvidXchange is AVDX on NASDAQ.