AvidXchange

AvidXchange is the industry leader in automating invoice and payment processes for mid-market businesses. Founded in the year 2000, AvidXchange processes over $140 billion transactions annually across its network of more than 680,000 suppliers, transforming the way 6,000 customers in North America pay their bills. AvidXchange is distinguished as a global fintech unicorn and one of the fastest growing technology companies in the U.S. with 1,500 employees supporting customers across seven office locations.

Frank Grenci

Vice President Construction Vertical

5 past transactions

FastPay

Acquisition in 2021
FastPay provides liquidity and payments solutions to the global media industry. Since inception FastPay has facilitated over $20 billion in loans and B2B payments.

AvidXchange

Acquisition in 2021
AvidXchange is a provider of accounts payable automation software and payment solutions for middle market businesses and their suppliers.

BankTEL Systems

Acquisition in 2019
BankTEL Systems is the industry-leading compliant financial accounting software solution. They help financial institutions cut costs, increase deposits, and automate their internal processes. serving financial institutions, BankTEL Systems, is the premier provider of financial accounting software solutions. With more than 1,500 clients in all 50 states and multiple international locations, BankTEL has a number of offerings to help financial institutions cut costs, increase deposits and automate their internal processes.

Ariett

Acquisition in 2017
Ariett’s cloud procurement and accounts payable platform generates savings on every contract, requisition, invoice, payment and expense report. Designed to work the way you work, Ariett’s easy-to-use web application delights employees by running on any mobile device or desktop. Accounting teams everywhere benefit from upfront purchasing control, global visibility to spending and audit trails, which drive cost savings across the enterprise. Serving over 2200 customers primarily in Software/Technology, Business Services, Non-Profit, Healthcare and Education industries, Ariett helps organizations to better manage spend with an end-to-end purchase to payment solution that includes seamless integration with leading accounting systems.

Strongroom Solutions

Acquisition in 2015
Strongroom Solutions provides accounts payable software solutions to small and midsize businesses. Strongroom's products are delivered through financial institutions and they believe banks will increasingly offer accounts payable products as part of a comprehensive treasury management offering.
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