“Can AvidXchange become the default AP-as-a-Service infrastructure layer embedded inside mid-market ERP and vertical SaaS platforms?”
AvidXchange was founded in 2000 as an AP automation software company serving mid-market businesses. Over two decades it scaled into a full payment network (AvidPay) and went public on Nasdaq in 2021. In 2022 it launched cross-border payments via Wise Platform and began embedding into ERP platforms like NetSuite and Acumatica. By 2026 it had repositioned its core offering as 'Accounts Payable as a Service' — a white-label, turnkey invoice-to-pay infrastructure product for ERP and vertical SaaS platforms — marking a strategic pivot from end-user SaaS to embedded B2B payment infrastructure.