Acquiring Company
Corpay
Acquired Company
AvidXchange
AtlantaFort WorthCharlotteFinancial ServicesPaymentsFintechFinancial ServicesReal EstateReal Estate InvestmentLendingProfessional ServicesSoftwareDescription
Corpay has completed the acquisition of a 34% equity stake in AvidXchange, investing approximately $550 million. This acquisition was in partnership with TPG and aims to accelerate AvidXchange's revenue and profit growth. Corpay has the option to acquire the remaining equity in the future. The transaction is expected to positively impact Corpay’s earnings in 2026.
Quick answer
Corpay and Texas Pacific Group are acquiring AvidXchange, announced October 15, 2025. Corpay is based in Atlanta, Georgia, United States.
- How much did Corpay pay for AvidXchange?
- The deal value was not disclosed.
- What does Corpay do?
- Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner.
- Where are Corpay and AvidXchange based?
- Corpay is based in Atlanta, Georgia, United States. AvidXchange is based in Charlotte, North Carolina, United States.
- Who are the decision-makers at Corpay?
- Fundz holds 1 contact at Corpay. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired AvidXchange?
AvidXchange was acquired by Corpay, based in Atlanta. The deal was reported on October 15, 2025. Corpay (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay is publicly traded (CPAY) and operates in Financial Services.
When did Corpay acquire AvidXchange?
Corpay's acquisition of AvidXchange was reported on October 15, 2025. Corpay has completed the acquisition of a 34% equity stake in AvidXchange, investing approximately $550 million. This acquisition was in partnership with TPG and aims to accelerate AvidXchange's revenue and profit growth. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does AvidXchange do?
AvidXchange is a leading provider of accounts payable automation software and payment solutions. The company serves over 8,500 middle market businesses, offering tools that enhance efficiency and control over AP processes. It is privately held, operating in Professional Services, and is based in Charlotte.
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