AvidXchange Competitors and Similar CompaniesClear all

AvidXchange's competitors and similar companies include Nexus Systems and Paymentus.

	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.	Paymentus Paymentus Holdings is a company that provides billing and payment solutions.
Founding Date	Founding Date 2000	Founding Date 1999	Founding Date 2004
Type	Type Public	Type Subsidiary	Type Public
Tags	Tags Technology accounting automation cloud services(SaaS)enterprise software fintech payments	Tags Technology accounting automation enterprise software fintech payments	Tags Financial Services financial management payments
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
Employees	Employees 1,600	Employees 2221% decrease	Employees 1,26013% increase
Valuation ($)	Valuation ($) 1.7 b	Valuation ($) N/A	Valuation ($) 3.1 b
Financial
Revenue (est.)	Revenue (est.) $438.9m (FY, 2024)	Revenue (est.) $16.1m (FY, 2020)	Revenue (est.) $1.2b (FY, 2025)
Cost of goods	Cost of goods $121.8m (FY, 2024)	Cost of goods N/A	Cost of goods $900.2m (FY, 2025)
Gross profit	Gross profit $317.2m (FY, 2024)	Gross profit N/A	Gross profit $296.3m (FY, 2025)
Net income	Net income $8.1m (FY, 2024)	Net income N/A	Net income $66.9m (FY, 2025)
Operating ⚠
Integrations	Integrations 240 (FY, 2023)	Integrations 8 (Mar, 2023)	Integrations 400 (FY, 2022)
Transactions Processed	Transactions Processed 19.3 m (Q1, 2024)	Transactions Processed N/A	Transactions Processed 115.4 m (Q3, 2023)
Funding
Total funding raised	Total funding raised $ 1.1b	Total funding raised $ 28m	Total funding raised $ 3.6m