AvidXchange Competitors and Similar CompaniesClear all
AvidXchange's competitors and similar companies include Paymentus, OFX, FreshBooks and Billtrust.
 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. |  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 2004 | Founding Date 1998 | Founding Date 2003 | Founding Date 2001 |
Type | Type Public | 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 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 | Locations Trenton, US HQ Ghent, BE Amsterdam, NL Kraków, PL Hamilton Township, US West Sacramento, US | |
Employees | Employees 1,600 | Employees 1,26013% increase | Employees 690 | Employees 441 | Employees 8761% decrease |
Valuation ($) | Valuation ($) 1.7 b | Valuation ($) 3.1 b | Valuation ($) 361.2 m | Valuation ($) N/A | Valuation ($) N/A |
Financial | |||||
Revenue (est.) | Revenue (est.) $438.9m (FY, 2024) | Revenue (est.) $1.2b (FY, 2025) | Revenue (est.) $187.5m (FY, 2026) | Revenue (est.) N/A | Revenue (est.) $166.4m (FY, 2021) |
Cost of goods | Cost of goods $121.8m (FY, 2024) | Cost of goods $900.2m (FY, 2025) | Cost of goods N/A | Cost of goods N/A | Cost of goods $71.9m (FY, 2021) |
Gross profit | Gross profit $317.2m (FY, 2024) | Gross profit $296.3m (FY, 2025) | Gross profit $191.6m (FY, 2026) | Gross profit N/A | Gross profit $94.5m (FY, 2021) |
Net income | Net income $8.1m (FY, 2024) | Net income $66.9m (FY, 2025) | Net income ($391k) (FY, 2026) | Net income N/A | Net income ($61.2m) (FY, 2021) |
Operating ⚠ | |||||
Clients | Clients N/A | Clients 1.9 k (Q3, 2023) | Clients 1 m (FY, 2022) | Clients N/A | Clients N/A |
Countries | Countries N/A | Countries N/A | Countries 8 (FY, 2022) | Countries 160 (Jan, 2024) | Countries N/A |
Integrations | Integrations 240 (FY, 2023) | Integrations 400 (FY, 2022) | Integrations N/A | Integrations N/A | Integrations N/A |
Trademark Applications (US) | Trademark Applications (US) N/A | Trademark Applications (US) 16 (FY, 2022) | Trademark Applications (US) N/A | Trademark Applications (US) N/A | Trademark Applications (US) 4 (May, 2024) |
Trademarks | Trademarks N/A | Trademarks 15 (FY, 2022) | Trademarks N/A | Trademarks 36 (Jan, 2024) | Trademarks N/A |
Transactions Processed | Transactions Processed 19.3 m (Q1, 2024) | Transactions Processed 115.4 m (Q3, 2023) | Transactions Processed N/A | Transactions Processed N/A | Transactions Processed N/A |
Funding | |||||
Total funding raised | Total funding raised $ 1.1b | Total funding raised $ 3.6m | Total funding raised N/A | Total funding raised $ 73m | Total funding raised $ 305m |
For sources of this data, please see the company profile
View Company Profiles
Paymentus
HQ
Charlotte, US
Employees
1,260↑ 13% increase
Paymentus Holdings is a company that provides billing and payment solutions.
View companyOFX
HQ
Sydney, AU
Employees
690
OFX (formerly known as OzForex Group) is a company that provides payments and foreign exchange solutions.
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Toronto, CA
Employees
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Freshbooks (also known as 2ndsite) is a company that provides cloud-based accounting software for small business owners.
View companyBilltrust
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Trenton, US
Employees
876↓ 1% decrease
Billtrust (also known as BTRS Holdings) is a company that develops an AI-powered accounts receivable (AR) platform.
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