Total Funding
48
65
Total FundingCorporate Round raised
Growth Score
-4 pts
Heat Score
9 pts
Company Performance Metrics
Score
Trend
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Growth Score - The measure of growth based on company activity, operational metrics, and investments
Growth Trend - The change in the growth score over the given time period
Heat Score - The measure of the market interest, media activity, and Crunchbase profile activity
Heat Trend - The change in the heat score over the given time period
Recent Milestones
Raised Funding Round
Jan 1, 1970
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Raised Funding Round
Jan 1, 1970
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1783
AvidXchange is a payments firm that specializes in AP automation software and payment solutions for mid-sized companies and their suppliers.
- Michael Praeger: Co-Founder, Chairman, and Chief Executive OfficerPast Role: PlanetResume.com, Founder
- Steve Boehm: SVP, Chief Operating OfficerPast Role: eBay, SVP, Global Customer Experience, eBay
About the Company
AvidXchange provides cloud-based accounts payable (AP) automation solutions designed for middle-market businesses. Its platform streamlines the entire AP process, from purchase order creation to invoice processing and payment execution, aiming to reduce manual tasks and improve operational efficiency.
The platform integrates with numerous
accounting systems, allowing businesses to maintain their existing financial infrastructure while automating AP processes. Users can access the system from any device with internet connectivity, facilitating remote work and continuous operations.
