AvidXchange Competitors and Similar CompaniesClear all

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

	AvidXchange AvidXchange is a provider of accounts payable (AP) automation software and payment solutions.	Paymentus Paymentus Holdings is a company that provides billing and payment 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 2004	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 financial management 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 Charlotte, US HQ Richmond Hill, CA Charlotte, US Redmond, US	Locations Toronto, CA HQ Zagreb, HR San Luis Potosí, MX Amsterdam, NL Raleigh, US San Antonio, US
Employees	Employees 1,600	Employees 1,26013% increase	Employees 441
Valuation ($)	Valuation ($) 1.7 b	Valuation ($) 3.1 b	Valuation ($) N/A
Financial
Revenue (est.)	Revenue (est.) $438.9m (FY, 2024)	Revenue (est.) $1.2b (FY, 2025)	Revenue (est.) N/A
Cost of goods	Cost of goods $121.8m (FY, 2024)	Cost of goods $900.2m (FY, 2025)	Cost of goods N/A
Gross profit	Gross profit $317.2m (FY, 2024)	Gross profit $296.3m (FY, 2025)	Gross profit N/A
Net income	Net income $8.1m (FY, 2024)	Net income $66.9m (FY, 2025)	Net income N/A
Operating ⚠
Integrations	Integrations 240 (FY, 2023)	Integrations 400 (FY, 2022)	Integrations N/A
Trademarks	Trademarks N/A	Trademarks 15 (FY, 2022)	Trademarks 36 (Jan, 2024)
Transactions Processed	Transactions Processed 19.3 m (Q1, 2024)	Transactions Processed 115.4 m (Q3, 2023)	Transactions Processed N/A
Funding
Total funding raised	Total funding raised $ 1.1b	Total funding raised $ 3.6m	Total funding raised $ 73m