AvidXchange Competitors and Similar CompaniesClear all

AvidXchange's competitors and similar companies include OFX and FreshBooks.

	AvidXchange AvidXchange is a provider of accounts payable (AP) automation software and payment 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.
Founding Date	Founding Date 2000	Founding Date 1998	Founding Date 2003
Type	Type Public	Type Public	Type Private
Tags	Tags Technology accounting automation cloud services(SaaS)enterprise software fintech payments	Tags Financial Services exchange financial management money transfer payments	Tags Technology accounting cloud enterprise software fintech payments platform
Locations	Locations Charlotte, US HQ Birmingham, US Burbank, US Framingham, US Houston, US Sandy, US	Locations Sydney, AU HQ Toronto, CA Hong Kong, HK Dublin, IE Auckland, NZ Singapore, SG London, GB see more	Locations Toronto, CA HQ Zagreb, HR San Luis Potosí, MX Amsterdam, NL Raleigh, US San Antonio, US
Employees	Employees 1,600	Employees 690	Employees 441
Valuation ($)	Valuation ($) 1.7 b	Valuation ($) 361.2 m	Valuation ($) N/A
Financial
Revenue (est.)	Revenue (est.) $438.9m (FY, 2024)	Revenue (est.) $187.5m (FY, 2026)	Revenue (est.) N/A
Cost of goods	Cost of goods $121.8m (FY, 2024)	Cost of goods N/A	Cost of goods N/A
Gross profit	Gross profit $317.2m (FY, 2024)	Gross profit $191.6m (FY, 2026)	Gross profit N/A
Net income	Net income $8.1m (FY, 2024)	Net income ($391k) (FY, 2026)	Net income N/A
Operating ⚠
Countries	Countries N/A	Countries 8 (FY, 2022)	Countries 160 (Jan, 2024)
Funding
Total funding raised	Total funding raised $ 1.1b	Total funding raised N/A	Total funding raised $ 73m