AvidXchange
Charlotte, US · Delaware corporation · 6 known investors
AvidXchange provides AI-powered accounts payable software that automates invoice capture, approvals, and payments for mid-market businesses. The platform helps finance teams reduce manual work and improve payment performance across the entire AP lifecycle.
Founders & leadership
MP
Michael PraegerCEO & Co-Founder
DD
Dan DreesPresident
MH
Matt HarrisDirector
BF
Brad FeldDirector
KB
Karen BertauxExecutive Officer
RA
Ross AgreExecutive Officer
CD
C. David MillerDirector
RM
Red MaxwellDirector
JH
Jim HausmanDirector
HM
Hans MorrisDirector
Investors · 6
Competitors · 10
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Stripe2428 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Wise2120 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
GoCardless2054 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
principal-agent problems1925 shared keywords
Highradius1911 shared keywordsHighRadius provides AI-driven automation agents for finance operations that deliver value based on agreed key performance improvement metrics. The platform serves finance professionals and operates on an outcome-based pricing model.
Intuit®1821 shared keywordsIntuit operates a platform of AI-powered financial and business software products including tax filing (TurboTax), credit management (Credit Karma), accounting and payroll (QuickBooks), and marketing automation (Mailchimp) for small businesses and individuals.
Nerd Wallet1577 shared keywordsNerdWallet provides educational content and resources about investing, including articles, product reviews, and guidance on investment accounts and portfolio construction.
Airwallex1469 shared keywordsAirwallex operates a global banking platform that provides cross-border payments, financial infrastructure, and AI-powered financial software for businesses. The platform serves companies across 200+ countries, enabling automated financial operations, expense management, and billing for global enterprises and AI-native businesses.
Companies competing with AvidXchange for the same Google search keywords, organic and paid, via search-intersection analysis.
Reported raises · per SEC filings
Form D private placements▶$5MraisedJan 2021 · 1 investors · Business ServicesRule 506(b)
▶$5MraisedJan 2021 · 1 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Wendy MurdockDirector
- Michael PraegerExecutive Officer, Director
- Brad FeldDirector
- Hans MorrisDirector
- Jim HausmanDirector
- Ryan StahlExecutive Officer
- Joel WilhiteExecutive Officer
- James AndersonDirector
- "Robert ""Bo""" StanleyDirector
- Matt HarrisDirector
- Nigel MorrisDirector
- Steven McLaughlinDirector
- Offering amount
- $5M
- Amount sold
- $5M
- First sale
- Dec 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$988.1KraisedNov 2020 · 12 investors · Business ServicesRule 506(b)
▶$988.1KraisedNov 2020 · 12 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Nigel MorrisDirector
- Wendy MurdockDirector
- Matt HarrisDirector
- Jim HausmanDirector
- Hans MorrisDirector
- Brad FeldDirector
- Michael PraegerExecutive Officer, Director
- "Robert ""Bo""" StanleyDirector
- James AndersonDirector
- Joel WilhiteExecutive Officer
- Ryan StahlExecutive Officer
- Steven McLaughlinDirector
- Offering amount
- $988.1K
- Amount sold
- $988.1K
- First sale
- Oct 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$66MraisedSep 2020 · 5 investors · Business ServicesRule 506(b)
▶$66MraisedSep 2020 · 5 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Matt HarrisDirector
- Steven McLaughlinDirector
- Michael PraegerExecutive Officer, Director
- Jim HausmanDirector
- Hans MorrisDirector
- Brad FeldDirector
- Ryan StahlExecutive Officer
- "Robert ""Bo""" StanleyDirector
- Joel WilhiteExecutive Officer
- Wendy MurdockDirector
- Nigel MorrisDirector
- James AndersonDirector
- Offering amount
- $66M
- Amount sold
- $66M
- Sales commissions
- $4M
- Proceeds to insiders
- $4M
- Placement agents
- FTP Securities LLC
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$118.9MraisedAug 2020 · 14 investors · Business ServicesRule 506(b)
▶$118.9MraisedAug 2020 · 14 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Joel WilhiteExecutive Officer
- Wendy MurdockDirector
- Ryan StahlExecutive Officer
- Steven McLaughlinDirector
- Brad FeldDirector
- Nigel MorrisDirector
- Michael PraegerExecutive Officer, Director
- James AndersonDirector
- Matt HarrisDirector
- Jim HausmanDirector
- "Robert ""Bo""" StanleyDirector
- Hans MorrisDirector
- Offering amount
- $118.9M
- Amount sold
- $118.9M
- Sales commissions
- $7.1M
- Proceeds to insiders
- $7.1M
- Placement agents
- FTP Securities LLC
- First sale
- Jul 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8MraisedJun 2020 · 2 investors · Business ServicesRule 506(b)
▶$8MraisedJun 2020 · 2 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- "Robert ""Bo""" StanleyDirector
- James AndersonDirector
- Wendy MurdockDirector
- Joel WilhiteExecutive Officer
- Nigel MorrisDirector
- Michael PraegerExecutive Officer, Director
- Hans MorrisDirector
- Brad FeldDirector
- Jim HausmanDirector
- Matt HarrisDirector
- Steven McLaughlinDirector
- Ryan StahlExecutive Officer
- Offering amount
- $8M
- Amount sold
- $8M
- Sales commissions
- $480.8K
- Proceeds to insiders
- $480.8K
- Placement agents
- FTP Securities LLC
- First sale
- May 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$127.5MraisedApr 2020 · 52 investors · Business ServicesRule 506(b)
▶$127.5MraisedApr 2020 · 52 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Matt HarrisDirector
- "Robert ""Bo""" StanleyDirector
- Michael PraegerExecutive Officer, Director
- Ryan StahlExecutive Officer
- Wendy MurdockDirector
- Joel WilhiteExecutive Officer
- Steven McLaughlinDirector
- Hans MorrisDirector
- Brad FeldDirector
- James AndersonDirector
- Jim HausmanDirector
- Nigel MorrisDirector
- Offering amount
- $127.5M
- Amount sold
- $127.5M
- Sales commissions
- $7.7M
- Proceeds to insiders
- $7.7M
- Placement agents
- FTP Securities LLC
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$130MraisedJan 2020 · 2 investors · Business ServicesRule 506(b)
▶$130MraisedJan 2020 · 2 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Steven McLaughlinDirector
- Joel WilhiteExecutive Officer
- Ryan StahlExecutive Officer
- "Robert ""Bo""" StanleyDirector
- Richard CrumDirector
- Nigel MorrisDirector
- Brad FeldDirector
- Hans MorrisDirector
- Jim HausmanDirector
- Matt HarrisDirector
- Wendy MurdockDirector
- Michael PraegerExecutive Officer, Director
- Offering amount
- $130M
- Amount sold
- $130M
- Sales commissions
- $7.8M
- Proceeds to insiders
- $7.8M
- Placement agents
- FTP Securities LLC
- First sale
- Dec 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$20MraisedOct 2019 · 9 investors · Business ServicesRule 506(b)
▶$20MraisedOct 2019 · 9 investors · Business Services
Rule 506(b)Officers, directors & promoters on the filing
- Steve BoehmExecutive Officer
- Steven McLaughlinDirector
- Matt HarrisDirector
- Wendy MurdockDirector
- Nigel MorrisDirector
- Joel WilhiteExecutive Officer
- Ryan StahlExecutive Officer
- "Robert ""Bo""" StanleyDirector
- Michael PraegerExecutive Officer, Director
- Brad FeldDirector
- Hans MorrisDirector
- Jim HausmanDirector
- Offering amount
- $20M
- Amount sold
- $20M
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Acquisitions · 1
Early investors' stakes continue via these dealsFastpay
Prior investment, acquired by AvidXchange
In the news
- AvidXchange secures additional $128 million in funding, raising a total of $388 million in latest financingavidxchange.com · 2020
- Payments fintech AvidXchange raises $128 million to add to funding | Reutersreuters.com · 2020
- AvidXchange Raises $260 Million Supporting More Growth | AvidXchangeavidxchange.com · 2020
- AvidXchange targets $2 billion valuation in funding round - sources | Reutersreuters.com · 2019
- AvidXchange Raises $18 Million In Recent Financing Round | AvidXchangeavidxchange.com · 2016
- Buy AvidXchange Holdings Stock – AVDX Stock Quote Today & Investment Insights - Public.compublic.com