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Company profile: AvidXchange

1.1 - Company Overview

AvidXchange Logo

AvidXchange

Headquarter: United States
Founded: 20XX🔒
Employees: 100-500🔒

Company description

  • Provider of cloud-based accounts payable (AP) automation and payment solutions for middle-market businesses and their suppliers, streamlining AP from purchase order creation to invoice processing and payment execution. Offerings include AvidInvoice, AvidPay, AvidBuy, AvidUtility, AvidStrongroom for community association management, and AvidAscend for banks and credit unions.

Products and services

  • AvidPay: Engineers a cloud-based payment automation system that executes electronic payments to suppliers post-approval, replacing paper checks and streamlining payment execution for mid-sized businesses
  • AvidInvoice: Delivers a paper-to-digital invoice processing product that converts paper invoices to digital, organizes them centrally, and routes them through approval workflows for accounts payable automation
  • AvidBuy: Architects an end-to-end procurement system automating purchase order creation, matching invoices to orders, and advancing transactions to payment for streamlined purchasing operations

Key contacts

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Financial details

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1.2 - Competitors and similar companies to AvidXchange

Jiffy Logo

Jiffy

HQ: India Website
  • Description: Provider of an AI-powered intelligent, integrated platform for modern digital enterprises that automates tasks via robots able to detect and adapt to change. Offers JIFFY.ai Automate for business process automation (including bank KYC) with machine learning and NLP; JIFFY.ai HyperApps for end-to-end process automation; and JIFFY.ai Companion, a no-code platform for building enterprise applications.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Jiffy company profile →
Infinitus Logo

Infinitus

HQ: United States Website
  • Description: Provider of AI-driven automation for phone-based healthcare workflows, including benefit verification with insurers, prior authorization status checks, and prescription transfer with patient savings. Helps providers reallocate staff by automating routine calls, and delivers secure, compliant, reliable service.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Infinitus company profile →
DataBank Logo

DataBank

HQ: United States Website
  • Description: Provider of content management and business process automation solutions, including document management and scanning, document conversion services, and imaging across eight production centers. Offers intelligent document processing, invoice automation, data activation services, robotic process automation, OnBase support, and ECM cloud hosting via DataBank Cloud.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full DataBank company profile →
RatchetSoft Logo

RatchetSoft

HQ: United States Website
  • Description: Provider of desktop application integration software and services that enable ordinary users to move data between the systems they use without changing those systems, featuring the Ratchet-X desktop application integration platform.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full RatchetSoft company profile →
Opalis Logo

Opalis

HQ: Canada Website
  • Description: Provider of IT process automation software for enterprises, offering Opalis Integration Server, Opalis Integration Packs, and Opalis Process Catalogs to orchestrate, integrate, and automate IT processes, including incident, problem, configuration, and change management, across physical, virtual, and cloud infrastructures.
  • Rationale: This competitor operates in a highly similar market segment with overlapping features.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
View full Opalis company profile →
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2.M&A buyers

2.1 Potential strategic acquirers in the sector

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2.2 - Strategic buyer groups for AvidXchange

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Buyer group 1: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 2: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Description: ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████ ████████
Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms

3.1 - Buyout funds investing in similar companies to AvidXchange

2.2 - Growth funds investing in similar companies to AvidXchange

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4 - Top valuation comps for AvidXchange

4.2 - Public trading comparable groups for AvidXchange

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4.3 - M&A Transactions similar to AvidXchange

Selected M&A transactions

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Frequently Asked Questions

About AvidXchange

What does AvidXchange do?

AvidXchange is a provider of cloud-based accounts payable (AP) automation and payment solutions for middle-market businesses and their suppliers, streamlining AP from purchase order creation to invoice processing and payment execution. Offerings include AvidInvoice, AvidPay, AvidBuy, AvidUtility, AvidStrongroom for community association management, and AvidAscend for banks and credit unions.

Who are AvidXchange's competitors?

AvidXchange's competitors and similar companies include Jiffy, Infinitus, DataBank, RatchetSoft, and Opalis.

Where is AvidXchange headquartered?

AvidXchange is headquartered in United States.

How many employees does AvidXchange have?

AvidXchange has 1,000 employees 🔒.

When was AvidXchange founded?

AvidXchange was founded in 2010 🔒.

What sector and industry vertical is AvidXchange in?

AvidXchange is in the Enterprise Software 🔒 sector and industry

M&A Buyers & Acquirers for AvidXchange

Who are the top strategic acquirers in AvidXchange's sector and industry

Top strategic M&A buyers and acquirers in AvidXchange's sector include ████████, ██████████, ██████, ████████, and ██████████ 🔒.

Which M&A buyer groups are most relevant for AvidXchange?

Top strategic M&A buyers groups and sectors for AvidXchange include █████████████████ , ████████████████, █████████████, ████████████, and ████████████████ 🔒.

Financial Investors investing in AvidXchange's sector and industry vertical

Which are the top PE firms investing in AvidXchange's sector and industry vertical?

Top PE firms investing in AvidXchange's sector and industry vertical include ████████, ██████████, ████████, and ██████████ 🔒.

Who are the top buyout funds acquiring in AvidXchange's sector and industry vertical?

Active PE funds and buyout funds acquiring companies in AvidXchange's sector and industry vertical include █████████, ██████████, ████████████, and ████████████ 🔒.

Who are the top growth equity funds investing in companies in AvidXchange's sector and industry vertical?

Growth funds and venture capital funds investing in companies similar to AvidXchange include █████████, ██████████, ████████████, and ████████████ 🔒.

Valuation benchmarks of companies in AvidXchange's sector and industry

Which are the key public companies that are relevant trading comps benchmarks for AvidXchange?

The key public trading comparables and valuation benchmarks for AvidXchange include █████████, ██████████, ████████████, and ████████████ 🔒.

Which are the key trading comparable groups for AvidXchange for public valuation benchmarks?

Our platform tracks detailed public trading comparable groups and valuation benchmarks for AvidXchange with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in AvidXchange's sector and industry vertical?

Our platform tracks relevant M&A transactions comparables and valuation benchmarks for AvidXchange with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in AvidXchange's' sector and industry vertical?

Access recent funding rounds and capital raises in AvidXchange's sector and industry vertical including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors and valuations.

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