AvidXchange Competitors and Similar CompaniesClear all
AvidXchange's competitors and similar companies include Nexus Systems, 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. |  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 2003 | Founding Date 2001 | Founding Date 2010 |
Type | Type Public | Type Subsidiary | 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 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 441 | Employees 8761% decrease | Employees 1,3551% increase |
Valuation ($) | Valuation ($) 1.7 b | Valuation ($) N/A | Valuation ($) 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.) 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 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 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 N/A | Net income ($61.2m) (FY, 2021) | Net income N/A |
Operating ⚠ | |||||
Countries | Countries N/A | Countries N/A | Countries 160 (Jan, 2024) | Countries N/A | Countries 196 (May, 2024) |
Customers | Customers N/A | Customers N/A | Customers N/A | Customers 2.4 k (May, 2024) | Customers 4 k (May, 2024) |
Industries Served | Industries Served N/A | Industries Served 9 (Mar, 2023) | Industries Served 7 (Jan, 2024) | Industries Served N/A | Industries Served N/A |
Integrations | Integrations 240 (FY, 2023) | Integrations 8 (Mar, 2023) | Integrations N/A | Integrations N/A | Integrations 74 (May, 2024) |
Trademarks | Trademarks N/A | Trademarks N/A | Trademarks 36 (Jan, 2024) | Trademarks N/A | Trademarks 8 (May, 2024) |
Funding | |||||
Latest funding round | 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 $ 73m | Total funding raised $ 305m | Total funding raised $ 286m |
For sources of this data, please see the company profile
View Company Profiles
Nexus Systems
HQ
Falls Church, US
Nexus Systems is a company developing an accounts payable and payments automation platform.
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
Tipalti
HQ
Foster City, US
Employees
1,355↑ 1% increase
Tipalti is a company that develops a finance automation platform.
View company