AvidXchange Competitors and Similar CompaniesClear all
AvidXchange's competitors and similar companies include Nexus Systems, Paymentus, BILL, OFX, FreshBooks, Billtrust and Tipalti.
 AvidXchange AvidXchange is a provider of accounts payable (AP) automation software and payment solutions. |  Nexus Systems Nexus Systems is a company developing an accounts payable and payments automation platform. |  BILL BILL Holdings (formerly known as BDC Payments Holdings) is a company that provides cloud-based financial automation software solutions. |  OFX OFX (formerly known as OzForex Group) is a company that provides payments and foreign exchange solutions. |  FreshBooks Freshbooks (also known as 2ndsite) is a company that provides cloud-based accounting software for small business owners. |  Billtrust Billtrust (also known as BTRS Holdings) is a company that develops an AI-powered accounts receivable (AR) platform. | |||
Founding Date | Founding Date 2000 | Founding Date 1999 | Founding Date 2004 | Founding Date 2006 | Founding Date 1998 | Founding Date 2003 | Founding Date 2001 | Founding Date 2010 |
Type | Type Public | Type Subsidiary | Type Public | Type Public | Type Public | Type Private | Type Private | Type Private |
Tags | ||||||||
Locations | Locations Charlotte, US HQ Birmingham, US Burbank, US Framingham, US Houston, US Sandy, US | Locations Falls Church, US HQ | Locations Charlotte, US HQ Richmond Hill, CA Charlotte, US Redmond, US | Locations San Jose, US HQ Houston, US | Locations Toronto, CA HQ Zagreb, HR San Luis Potosí, MX Amsterdam, NL Raleigh, US San Antonio, US | Locations Trenton, US HQ Ghent, BE Amsterdam, NL Kraków, PL Hamilton Township, US West Sacramento, US | Locations Foster City, US HQ Toronto, CA Vancouver, CA Tbilisi, GE Tel Aviv, IL Amsterdam, NL London, GB see more | |
Employees | Employees 1,600 | Employees 2221% decrease | Employees 1,26013% increase | Employees 2,26910% decrease | Employees 690 | Employees 441 | Employees 8761% decrease | Employees 1,3551% increase |
Valuation ($) | Valuation ($) 1.7 b | Valuation ($) N/A | Valuation ($) 3.1 b | Valuation ($) 5.3 b | Valuation ($) 361.2 m | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 2 b |
Financial | ||||||||
Revenue (est.) | Revenue (est.) $438.9m (FY, 2024) | Revenue (est.) $16.1m (FY, 2020) | Revenue (est.) $1.2b (FY, 2025) | Revenue (est.) $1.5b (FY, 2025) | Revenue (est.) $187.5m (FY, 2026) | Revenue (est.) N/A | Revenue (est.) $166.4m (FY, 2021) | Revenue (est.) $68m (Y, 2021) |
Cost of goods | Cost of goods $121.8m (FY, 2024) | Cost of goods N/A | Cost of goods $900.2m (FY, 2025) | Cost of goods $272.1m (FY, 2025) | Cost of goods N/A | Cost of goods N/A | Cost of goods $71.9m (FY, 2021) | Cost of goods N/A |
Gross profit | Gross profit $317.2m (FY, 2024) | Gross profit N/A | Gross profit $296.3m (FY, 2025) | Gross profit $1.2b (FY, 2025) | Gross profit $191.6m (FY, 2026) | Gross profit N/A | Gross profit $94.5m (FY, 2021) | Gross profit N/A |
Net income | Net income $8.1m (FY, 2024) | Net income N/A | Net income $66.9m (FY, 2025) | Net income $23.8m (FY, 2025) | Net income ($391k) (FY, 2026) | Net income N/A | Net income ($61.2m) (FY, 2021) | Net income N/A |
Operating ⚠ | ||||||||
Clients | Clients N/A | Clients N/A | Clients 1.9 k (Q3, 2023) | Clients N/A | Clients 1 m (FY, 2022) | Clients N/A | Clients N/A | Clients N/A |
Countries | Countries N/A | Countries N/A | Countries N/A | Countries N/A | Countries 8 (FY, 2022) | Countries 160 (Jan, 2024) | Countries N/A | Countries 196 (May, 2024) |
Customers | Customers N/A | Customers N/A | Customers N/A | Customers N/A | Customers N/A | Customers N/A | Customers 2.4 k (May, 2024) | Customers 4 k (May, 2024) |
Enterprise Customers | Enterprise Customers 8 k (FY, 2023) | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers 455.3 k (Q3, 2023) | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers N/A | Enterprise Customers N/A |
Industries Served | Industries Served N/A | Industries Served 9 (Mar, 2023) | Industries Served N/A | Industries Served N/A | Industries Served N/A | Industries Served 7 (Jan, 2024) | Industries Served N/A | Industries Served N/A |
Integrations | Integrations 240 (FY, 2023) | Integrations 8 (Mar, 2023) | Integrations 400 (FY, 2022) | Integrations N/A | Integrations N/A | Integrations N/A | Integrations N/A | Integrations 74 (May, 2024) |
Total Payment Volume | Total Payment Volume $19.9b (Q1, 2024) | Total Payment Volume N/A | Total Payment Volume N/A | Total Payment Volume $64.7b (Q3, 2023) | Total Payment Volume N/A | Total Payment Volume N/A | Total Payment Volume N/A | Total Payment Volume N/A |
Trademark Applications (US) | Trademark Applications (US) N/A | Trademark Applications (US) N/A | Trademark Applications (US) 16 (FY, 2022) | Trademark Applications (US) N/A | Trademark Applications (US) N/A | Trademark Applications (US) N/A | Trademark Applications (US) 4 (May, 2024) | Trademark Applications (US) N/A |
Trademarks | Trademarks N/A | Trademarks N/A | Trademarks 15 (FY, 2022) | Trademarks 5 (FY, 2021) | Trademarks N/A | Trademarks 36 (Jan, 2024) | Trademarks N/A | Trademarks 8 (May, 2024) |
Transactions Processed | Transactions Processed 19.3 m (Q1, 2024) | Transactions Processed N/A | Transactions Processed 115.4 m (Q3, 2023) | Transactions Processed 21.4 m (Q3, 2023) | Transactions Processed N/A | Transactions Processed N/A | Transactions Processed N/A | Transactions Processed N/A |
Funding | ||||||||
Latest funding round | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round N/A | Latest funding round $ 200m (over 5 years ago) | Latest funding round $ 150m (over 5 years ago) |
Total funding raised | Total funding raised $ 1.1b | Total funding raised $ 28m | Total funding raised $ 3.6m | Total funding raised $ 2b | Total funding raised N/A | Total funding raised $ 73m | Total funding raised $ 305m | Total funding raised $ 286m |
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Nexus Systems
HQ
Falls Church, US
Nexus Systems is a company developing an accounts payable and payments automation platform.
View company
Paymentus
HQ
Charlotte, US
Employees
1,260↑ 13% increase
Paymentus Holdings is a company that provides billing and payment solutions.
View companyBILL
HQ
San Jose, US
Employees
2,269↓ 10% decrease
BILL Holdings (formerly known as BDC Payments Holdings) is a company that provides cloud-based financial automation software solutions.
View companyOFX
HQ
Sydney, AU
Employees
690
OFX (formerly known as OzForex Group) is a company that provides payments and foreign exchange solutions.
View company