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Industries
Enterprise Software
Fintech
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
2000
AvidXchange automates accounts payable and payment processes for businesses, helping them to reduce manual tasks and improve efficiency. Their products include invoice management, bill payment, purchase order, and check printing software, all aimed at simplifying the payment process. AvidXchange serves various industries such as banking, healthcare, and construction, providing tools that enhance financial security and offer flexible payment options. The company operates on a software-as-a-service model, where clients pay a subscription fee for access to their platform. AvidXchange's platform significantly speeds up invoice processing times from an average of 10 days to just 3 days, and it is accessible online 24/7, making it convenient for remote work. The goal of AvidXchange is to optimize financial operations for businesses, ensuring timely payments and reducing inefficiencies.
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Total Funding
$1680.3M
Above
Industry Average
Funded Over
9 Rounds
Health Insurance
Dental Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Parental Leave
Unlimited Paid Time Off
Paid Vacation
Hybrid Work Options
Wellness Program
Tuition Reimbursement
AvidXchange went public in 2021, but with declining share prices, the company began exploring a sale earlier this year.
Corpay, a corporate payments company, has announced a definitive agreement to acquire a minority stake in AvidXchange as part of a transaction to take the company private. This deal, in partnership with investment firm TPG, values AvidXchange at approximately $2.2 billion.
There was nowhere to run this week for investors seeking to escape a market rout that came on like a tidal wave, crashing down Thursday. Tariffs, of course, dominated, and once they were real, as of Wednesday night, the stage was set for a plunge Thursday thatās not been seen in years. Investors fled [] The post FinTech IPO Index Plunges 11.7% Amid Broad-Based Market Rout appeared first on PYMNTS.com.
AvidXchange launches AI agents to enhance accounts payable.
Invoice Capture Enhancements: AvidXchange has expanded the AI capabilities within its Invoice Capture feature which makes it even easier for teams to move invoices through the approval process.
Charlotte, NC, USA
Charlotte, NC, USA
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Art, Graphics & Animation
1 Open Roles
Customer Experience & Support
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Industries
Enterprise Software
Fintech
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Charlotte, North Carolina
Founded
2000
Charlotte, NC, USA
Charlotte, NC, USA
Charlotte, NC, USA
Find jobs on Simplify and start your career today
Art, Graphics & Animation
1 Open Roles
Customer Experience & Support
1 Open Roles
Discover companies similar to AvidXchange