About AvidXchange
AvidXchange is a company based in Beverly Hills (United States) founded in 2009 was acquired by SLR Business Credit in August 2021. It operates as a SaaS (Software-as-a-Service) and Managed Services. AvidXchange has raised $15 million across 5 funding rounds from investors including AvidXchange, The Arena Group and Wells Fargo. The company has 56 employees as of December 31, 2022. AvidXchange has completed 1 acquisition, including AnchorOps. AvidXchange offers products and services including Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management. AvidXchange operates in a competitive market with competitors including Nvoicepay, LSQ, LiquidX, Candex and The Receivables Exchange, among others.
- Headquarter Beverly Hills, United States
- Employees 56 as on 31 Dec, 2022
-
Sectors
Financial Services
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Avidxchange
-
Annual Revenue
Not available
-
Net Profit
Not available
-
EBITDA
Not available
-
Total Equity Funding
$15 M (USD)
in 5 rounds
-
Latest Funding Round
$25 M (USD), Debt – Conventional
Feb 18, 2022
-
Investors
AvidXchange
& 6 more
-
Employee Count
56
as on Dec 31, 2022
- Investments & Acquisitions
- Acquired by
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of AvidXchange
AvidXchange offers a comprehensive portfolio of products and services, including Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management.
Automation of accounts payable processes is provided efficiently.
Invoice processing is streamlined through automated software solutions.
Payment processes are automated for enhanced operational efficiency.
Spend management solutions are offered for better control.
People of AvidXchange
Unlock access to complete
Funding Insights of AvidXchange
AvidXchange has successfully raised a total of $15M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $25 million completed in February 2022. 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 7 investors, including institutional and venture fund investors. Prominent investors backing the company include AvidXchange, The Arena Group and Wells Fargo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Corporate venture capital firm backed by Citi
|
Locked | Locked | Locked | |
|
Investments are made in early-stage healthtech and fintech startups.
|
Locked | Locked | Locked | |
|
PE firm investing in the US
|
Locked | Locked | Locked |
Investor details for AvidXchange
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- 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 1 company. Notable acquisitions include AnchorOps.
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 |
|---|---|---|---|---|---|
|
Electronic payment solutions for media industry operations are streamlined.
|
Locked | Locked | 2012 | Locked |
Complete acquisition details for AvidXchange
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
- Transaction dates
- Acquired stakes
- Disclosed values
- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - AvidXchange
Detailed financials for AvidXchange
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Avidxchange Comparisons
Peer comparison for AvidXchange
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
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 Nvoicepay, LSQ, LiquidX, Candex and The Receivables Exchange, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
AP automation, commercial cards, and cross-border payments are provided.
|
|
| Locked | Locked | Locked |
Trade financing loans are facilitated via an online marketplace.
|
|
| Locked | Locked | Locked |
Provider of a blockchain-enabled marketplace for trade finance assets and supply chain financing
|
|
| Locked | Locked | Locked |
Invoices are financed via an online platform for business payments.
|
|
| Locked | Locked | Locked |
Commercial receivables are auctioned to investors for business financing.
|
|
| Locked | Locked | Locked |
Online trade financing is provided to SMEs in developing countries.
|
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
Verified entity values are shown only after access is granted.
Frequently Asked Questions about AvidXchange
AvidXchange was founded in 2009 and raised its 1st funding round 3 years after it was founded.
AvidXchange is headquartered in Beverly Hills, United States. It is registered at Beverly Hills, California, United States.
AvidXchange is a funded company, having raised a total of $15M across 5 funding rounds to date.
As of Dec 31, 2022, the latest employee count at AvidXchange is 56.
AvidXchange is focused on delivering accounts payable automation, invoice automation, payment automation, and spend management solutions. Services are provided across various industries including real estate, construction, financial services, healthcare, hospitality, media, technology, education, nonprofits, and government. Integrations with platforms like Oracle NetSuite, QuickBooks, Microsoft, Sage, and others are supported. The company is recognized for leveraging AI in finance and offering supplier support through hubs and straight-through processing.
AvidXchange offers Accounts Payable Automation, Invoice Automation, Payment Automation, and Spend Management.
AvidXchange has made 1 acquisition, including AnchorOps.
AvidXchange has 7 investors. Key investors include AvidXchange, The Arena Group, Wells Fargo, Citi Ventures, and Oak HC/FT.