AvidXchange partners with Ministry Brands for AP automation in churches, nonprofits.

AvidXchange, a leading accounts payable automation provider, has partnered with Ministry Brands to offer churches and nonprofits an efficient and secure way to manage and pay bills. The integration of AvidXchange's automation technology into Ministry Brands' financial and digital tools will simplify payment processes for their network of over 90,000 churches and nonprofits. This collaboration aims to save time and allow customers to focus on mission-driven priorities.

AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions, has announced a strategic partnership with Ministry Brands. This collaboration aims to streamline the financial processes of over 90,000 churches and nonprofits by integrating AvidXchange's automation technology into Ministry Brands' financial and digital tools.

The partnership will offer an efficient and secure way for churches and nonprofits to manage and pay their bills. AvidXchange's platform digitizes and automates AP workflows, which can significantly reduce administrative burdens and allow these organizations to focus more on their mission-driven priorities. By simplifying payment processes, the integration aims to save time and enhance operational efficiency for Ministry Brands' extensive network.

AvidXchange's second quarter 2025 financial results, released on August 6, 2025, showed total revenue of $110.6 million, a 5.2% year-over-year increase [1]. However, the company reported a GAAP net loss of $(9.5) million, compared to a net income of $0.4 million in the same quarter of 2024. The net loss was attributed to $6.4 million in costs related to a proposed merger. Non-GAAP net income remained stable at $10.7 million, indicating resilience amid financial challenges. The company processed 20.1 million transactions, a 1.8% increase, with total payment volume rising 4.1% to $21.5 billion [1].

AvidXchange has suspended its financial outlook for 2025 due to its pending acquisition by TPG in partnership with Corpay. The company will not hold a teleconference for earnings discussion, raising concerns about future guidance and stability [1].

The partnership with Ministry Brands underscores AvidXchange's commitment to expanding its reach and enhancing its services. This collaboration is expected to drive growth and efficiency for both organizations, while providing a more streamlined financial management solution for churches and nonprofits.

References:
[1] https://www.quiverquant.com/news/AvidXchange+Holdings%2C+Inc.+Reports+Second+Quarter+2025+Financial+Results%3A+Revenue+Growth+Despite+Net+Loss