AvidXchange

paymentsb2b fintech

FOUNDING YEAR: 2000
LOCATION: United States
Last Update: 23/10/2020

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MEDICI Analysis

AvidXchange provides automated invoice and payment processes for midmarket companies spanning multiple industries, including real estate, financial services, energy and construction.

Focus

PRODUCTS & SERVICES

Accounts payable and on-demand invoice management solutions The services provided are electronic invoice capture,inovice approval worflow,invoice and bill payment reporting,accouning system integration,automated bill payment.

MAIN CLIENTS

Brandywine Realty Trust

Equity Office

Susquehanna

MHP Real Estate Services

Ackerman & CO

Advance Realty

Bank Atlantic

Branch Properties LLC

Canderel

Cds Monarch

Colliers International

Community Trust Bank

Duke Realty

Humphrey Management

National Development

LBA Realty

McKenna & Company

NorthMarq & Etc..

EXISTING PARTNERSHIPS

Banks

VARs

Consultants

CPAs

Tecchnology partners

COMMENT

Accounts Payable automation increases control and visibility into the bill payment process to reduce processing time, allow early payment discounts and eliminate late fees. Automation eliminates paper by electronically capturing invoices, using intelligent business rules to route invoices for approval and storing all information electronically providing anytime, anywhere access to invoice status and history.

Momentum

FUNDED

YES

TOTAL FUNDING

$514.02 M

DATE OF LAST FUNDING

Sep 2020

FUNDING SERIES

SERIES B  · $2.02 M  · Aug 2002

SERIES E  · $18 M  · Nov 2016

SERIES F  · $128 M  · Apr 2020

OTHERS  · $366 M · Sep 2020

LISTED

NO

COMMENT

Private Equity: $525 M(June 2017) and Convertible note: $250.4 k(July 2006)

Innovation Programs

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