AvidXchange Competitors and Similar CompaniesClear all
AvidXchange's competitors and similar companies include BILL, FreshBooks and Billtrust.
 AvidXchange AvidXchange is a provider of accounts payable (AP) automation software and payment solutions. |  BILL BILL Holdings (formerly known as BDC Payments Holdings) is a company that provides cloud-based financial automation software 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 2006 | Founding Date 2003 | Founding Date 2001 |
Type | Type Public | Type Public | Type Private | Type Private |
Tags | ||||
Locations | Locations Charlotte, US HQ Birmingham, US Burbank, US Framingham, US Houston, US Sandy, 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 |
Employees | Employees 1,600 | Employees 2,26910% decrease | Employees 441 | Employees 8761% decrease |
Valuation ($) | Valuation ($) 1.7 b | Valuation ($) 5.3 b | Valuation ($) N/A | Valuation ($) N/A |
Financial | ||||
Revenue (est.) | Revenue (est.) $438.9m (FY, 2024) | Revenue (est.) $1.5b (FY, 2025) | Revenue (est.) N/A | Revenue (est.) $166.4m (FY, 2021) |
Cost of goods | Cost of goods $121.8m (FY, 2024) | Cost of goods $272.1m (FY, 2025) | Cost of goods N/A | Cost of goods $71.9m (FY, 2021) |
Gross profit | Gross profit $317.2m (FY, 2024) | Gross profit $1.2b (FY, 2025) | Gross profit N/A | Gross profit $94.5m (FY, 2021) |
Net income | Net income $8.1m (FY, 2024) | Net income $23.8m (FY, 2025) | Net income N/A | Net income ($61.2m) (FY, 2021) |
Operating ⚠ | ||||
Enterprise Customers | Enterprise Customers 8 k (FY, 2023) | Enterprise Customers 455.3 k (Q3, 2023) | Enterprise Customers N/A | Enterprise Customers N/A |
Total Payment Volume | Total Payment Volume $19.9b (Q1, 2024) | Total Payment Volume $64.7b (Q3, 2023) | Total Payment Volume N/A | Total Payment Volume N/A |
Trademarks | Trademarks N/A | Trademarks 5 (FY, 2021) | Trademarks 36 (Jan, 2024) | Trademarks N/A |
Transactions Processed | Transactions Processed 19.3 m (Q1, 2024) | Transactions Processed 21.4 m (Q3, 2023) | Transactions Processed N/A | Transactions Processed N/A |
Funding | ||||
Total funding raised | Total funding raised $ 1.1b | Total funding raised $ 2b | Total funding raised $ 73m | Total funding raised $ 305m |
For sources of this data, please see the company profile
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BILL
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 companyFreshBooks
HQ
Toronto, CA
Employees
441
Freshbooks (also known as 2ndsite) is a company that provides cloud-based accounting software for small business owners.
View companyBilltrust
HQ
Trenton, US
Employees
876↓ 1% decrease
Billtrust (also known as BTRS Holdings) is a company that develops an AI-powered accounts receivable (AR) platform.
View company