AvidXchange

AvidXchange provides AI-powered accounts payable (AP) automation software and payment solutions. Founded in 2000, the company states its mission is to transform how mid-market businesses receive, manage, and pay their bills. Its solutions integrate with ERP and accounting systems and connect to a supplier network, offering invoice capture, approvals, and payments. The company reports serving more than 8,000 businesses and a network of over 1.5 million suppliers.

AvidXchange was founded in 2000. According to the company, its founding mission was to transform the way mid-market businesses receive, manage, and pay their bills. The company states it has built over 25 years of AP expertise and now embeds AI across the AP lifecycle, from invoice capture to approvals to payments. It reports serving more than 8,000 businesses and connecting to a network of over 1.5 million suppliers.

AI-powered accounts payable automation for mid-market businesses, built on 25+ years of AP expertise.

• AI-Powered AP Automation

  AI-powered accounts payable and payment solutions for finance teams, integrating with ERP or accounting systems and connecting to a supplier network.

• AP as a Service for ERPs

  A fully managed AP infrastructure for ERPs and accounting systems, providing a ready-to-launch invoice and payments experience.

• AvidPay Network / Supplier Hub

  A supplier network offering payment options such as virtual credit card, AvidPay Direct, or mailed checks.

• 2021.01.04

  Reported2021.01.04

  AvidXchange acquires Core Associates[5]AvidXchange 收购 Core Associatescrowdfundinsider.com

  AvidXchange announced that it had acquired Core Associates, makers of TimberScan and complementary accounts-payable solutions.

• 2020.07.30

  Reported2020.07.31

  RealPage launches online vendor payments[6]RealPage推出在线供应商付款服务crowdfundinsider.com

  RealPage announced that it had launched Online Vendor Payments, an offering that automates the vendor payment process and incorporates the AvidXchange supplier network.

• 2020.04.23

  Reported2020.04.23

  AvidXchange announces additional $128 million equity financing[7]AvidXchange 宣布新增 1.28 亿美元股权融资prnewswire.com

  AvidXchange announced that it had raised an additional $128 million in equity capital, bringing the total raised in the latest financing effort to more than $388 million, including an earlier $260 million closing.

• 2020.01.17

  Reported2020.01.17

  AvidXchange raises $260 million in equity capital[8]AvidXchange筹集2.6亿美元股权资本crowdfundinsider.com

  AvidXchange announced that it raised $260 million in equity capital in its latest financing round, with contributions from TPG Sixth Street Partners and other investors.

Read more

1. 1AI-Powered AP Automation Software | AvidXchangeavidxchange.com
2. 2About AvidXchange | AP Automation Companyavidxchange.com
3. 3Careers | AvidXchangeavidxchange.com
4. 4Executive Leadership Team & Board Members | AvidXchangeavidxchange.com
5. 5AvidXchange 收购 Core Associatescrowdfundinsider.com
6. 6RealPage推出在线供应商付款服务crowdfundinsider.com
7. 7AvidXchange 宣布新增 1.28 亿美元股权融资prnewswire.com
8. 8AvidXchange筹集2.6亿美元股权资本crowdfundinsider.com