“Can AvidXchange transform from a mid-market AP automation SaaS into the embedded B2B payments and AP infrastructure layer powering ERP and vertical SaaS platforms at scale?”
AvidXchange was founded in 2000 as an AP automation and payment network for US mid-market businesses, building one of the largest B2B payment networks in the country. After going public in 2021, the company expanded into cross-border payments via Wise Platform and deepened ERP integrations across 240+ accounting systems. Following a PE-led take-private in 2024, AvidXchange pivoted toward an embedded finance infrastructure model—Accounts Payable as a Service—offering its AP and payments engine as white-label infrastructure for ERP and vertical SaaS platforms, moving from end-user SaaS toward becoming a B2B embedded payments platform.
Avidxchange discloses Metropolitan Commercial Bank as its banking provider, according to the Embedded Finance Index 2026.
Avidxchange does not disclose a bank charter of its own; its banking services are provided through Metropolitan Commercial Bank.
Avidxchange processes payments through AvidXchange Payment Network (self-operated) and AvidPay (self-operated). Disclosed money-movement rails: ACH.
Avidxchange runs its ledger on Modern Treasury.
Avidxchange uses Wise Platform for FX and cross-border payouts.
Avidxchange integrates with QuickBooks, Xero, NetSuite, Sage Intacct and Acumatica.
The Embedded Finance Index 2026 maps 9 layers in Avidxchange's stack: Payments / PSP (AvidXchange Payment Network (self-operated) and AvidPay (self-operated)); Money movement (ACH); Banking / BaaS (Metropolitan Commercial Bank); Ledger (Modern Treasury); Sponsor bank (Metropolitan Commercial Bank); FX & payouts (Wise Platform); Accounting (QuickBooks, Xero, NetSuite, Sage Intacct and 1 other); Spend / AP (AvidXchange FastPay (self-operated)); Treasury (Modern Treasury).
Avidxchange was founded by Michael Praeger and is founded in 2000, headquartered in Charlotte, NC, USA.
Avidxchange has raised $928M+ in total (latest round: Buyout/LBO (PE-backed, private as of 2024-2025)).
Get a read on where your own stack stands against Avidxchange and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.