AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflow for more than 8,800 businesses and it has made payments to more than 965,000 supplier customers of its buyers over the past five years. Featuring one of the largest networks of suppliers for the middle market, AvidXchange offers in-depth industry expertise for real estate, community association management, healthcare, social services, education, hospitality and professional services, as well as construction, financial services and media through acquisition of Core Associates, BankTEL and FastPay. Additionally, AvidXchange, Inc. is a licensed money transmitter for US B2B payments, licensed as a Money Transmitter by the New York State Department of Financial Services, as well as all other states that require AvidXchange to have a license.
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