About BankTEL
BankTEL is a Technology company based in Columbus (United States) founded in 1992, and was acquired by AvidXchange in August 2019. Accounting and cash management software is supplied to financial institutions. Its website banktel.com draws about 12 thousand monthly visits. BankTEL offers products and services including Invoice Automation, Payment Automation, Spend Management, and Supplier Hub. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite. Its legal entity is AvidXchange, Inc. Its competitors include Wolters Kluwer, BlackLine and Digits; 2 of its 3 listed competitors have raised funding.
Company details
BankTEL was founded in 1992 and is based in Columbus, United States. Software for accounting and cash management is delivered to financial institutions, encompassing services such as accounts payable, prepaid and accruals, vendor management, invoice approval, expense reporting, purchase orders, and budgeting systems. Operations extend to more than 1,400 clients across all 50 states and various international locations, where internal processes are automated and costs are addressed.
- Headquarters Columbus, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website banktel.com
- Social LinkedIn X Facebook Instagram
- Acquired by AvidXchange (Aug 2019)
- Legal Name Avidxchange, Inc.
- Investors
- Acquired byAvidXchange
(Aug 2019)
Products & Services of BankTEL
BankTEL offers a comprehensive portfolio of products and services, including Invoice Automation, Payment Automation, Spend Management, and Supplier Hub.
Automates processing and management of business invoices.
Streamlines electronic payments and transaction handling.
Manages and tracks business expenditures efficiently.
Facilitates supplier interactions and invoice inquiries.
Investors in BankTEL
BankTEL has secured backing from 1 investor. Prominent investors backing the company include AvidXchange.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Accounts payable and payment automation solutions are offered for businesses. | 2000 | avidxchange.com | Charlotte, United States |
Investor details for BankTEL
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Timeline of BankTEL
2 dated milestones of BankTEL across 27 years, from founding to its latest funding, stage changes and deals.
- Founded BankTEL is founded.
- Exit Acquired by AvidXchange.
Competitors of BankTEL
BankTEL has 3 listed competitors in our database, 2 of them funded. They include Wolters Kluwer, BlackLine and Digits.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wolterskluwer.com | 1836 | United States | 16 | Enterprise legal processes are managed via an AI-powered platform. | ||
| blackline.com | 2001 | Los Angeles, United States | $200M | 1,042 | AI-based accounting processes are automated for businesses. | |
| digits.com | 1995 | San Francisco, United States | $97.5M | 26 | SMS-based customer authentication and verification services are provided across platforms. |
Detailed competitors of BankTEL
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Web traffic of BankTEL
The website of BankTEL (banktel.com) receives about 11.6K visits a month.
- Monthly visits11.6K
▲ 45.5% vs previous month
Websites whose visitors overlap most with BankTEL. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details |
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as BankTEL (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Banktel
Complete news archive for BankTEL
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Frequently Asked Questions about BankTEL
BankTEL was founded in 1992.
BankTEL is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
BankTEL was founded in 1992 and is based in Columbus, United States. Software for accounting and cash management is delivered to financial institutions, encompassing services such as accounts payable, prepaid and accruals, vendor management, invoice approval, expense reporting, purchase orders, and budgeting systems. Operations extend to more than 1,400 clients across all 50 states and various international locations, where internal processes are automated and costs are addressed.
BankTEL's top competitors include BlackLine, Digits and Wolters Kluwer.
BankTEL offers Invoice Automation, Payment Automation, Spend Management, and Supplier Hub.
BankTEL has 1 investor. Key investors include AvidXchange.
BankTEL operates through Avidxchange, Inc..
Yes. BankTEL was acquired by AvidXchange in August 2019.