Ministry Brands Partners with AvidXchange for Efficient Payment Processing
ByAinvest
Thursday, Aug 7, 2025 10:01 am ET1min read
AVDX--
AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions, has seen a 5.2% year-over-year increase in revenue to $110.6 million in the second quarter of 2025, despite a GAAP net loss of $9.5 million [2]. The company's non-GAAP net income remained stable at $10.7 million, highlighting resilience amid financial challenges. The partnership with Ministry Brands is part of AvidXchange's strategy to expand its services and enhance its offerings to a new segment of the market.
The collaboration will allow Ministry Brands to provide its clients with enhanced security features and real-time data and reporting, further streamlining their financial operations. The integration of AvidXchange's technology into Ministry Brands' existing tools is expected to save time and resources, enabling churches and nonprofits to focus on their core missions.
AvidXchange's automation technology is designed to digitize and automate AP workflows, which can significantly reduce manual effort and potential errors. By automating these processes, AvidXchange aims to provide a more efficient and secure payment experience for its clients.
The partnership is set to benefit both parties by expanding their reach and capabilities. AvidXchange will gain access to a new market segment, while Ministry Brands will be able to offer more comprehensive financial solutions to its clients.
For more information on AvidXchange and its services, visit www.AvidXchange.com.
References:
[1] https://www.facebook.com/MinistryBrands/posts/ready-to-take-your-churchs-operations-to-the-next-leveljoin-us-this-thursday-for/1414432477356790/
[2] https://www.quiverquant.com/news/AvidXchange+Holdings%2C+Inc.+Reports+Second+Quarter+2025+Financial+Results%3A+Revenue+Growth+Despite+Net+Loss
AvidXchange and Ministry Brands have partnered to offer churches and nonprofits an efficient and secure way to manage and pay bills. AvidXchange's automation technology will integrate into Ministry Brands' financial and digital tools, simplifying payment processes and saving time and resources. The partnership aims to free up staff and volunteers to focus on mission-driven priorities, with enhanced security features and real-time data and reporting.
AvidXchange Holdings, Inc. and Ministry Brands have joined forces to offer churches and nonprofits a streamlined and secure way to manage and pay bills. The partnership aims to leverage AvidXchange's automation technology to integrate with Ministry Brands' financial and digital tools, simplifying payment processes and enhancing operational efficiency. By doing so, the partnership seeks to free up staff and volunteers to focus on mission-driven priorities.AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions, has seen a 5.2% year-over-year increase in revenue to $110.6 million in the second quarter of 2025, despite a GAAP net loss of $9.5 million [2]. The company's non-GAAP net income remained stable at $10.7 million, highlighting resilience amid financial challenges. The partnership with Ministry Brands is part of AvidXchange's strategy to expand its services and enhance its offerings to a new segment of the market.
The collaboration will allow Ministry Brands to provide its clients with enhanced security features and real-time data and reporting, further streamlining their financial operations. The integration of AvidXchange's technology into Ministry Brands' existing tools is expected to save time and resources, enabling churches and nonprofits to focus on their core missions.
AvidXchange's automation technology is designed to digitize and automate AP workflows, which can significantly reduce manual effort and potential errors. By automating these processes, AvidXchange aims to provide a more efficient and secure payment experience for its clients.
The partnership is set to benefit both parties by expanding their reach and capabilities. AvidXchange will gain access to a new market segment, while Ministry Brands will be able to offer more comprehensive financial solutions to its clients.
For more information on AvidXchange and its services, visit www.AvidXchange.com.
References:
[1] https://www.facebook.com/MinistryBrands/posts/ready-to-take-your-churchs-operations-to-the-next-leveljoin-us-this-thursday-for/1414432477356790/
[2] https://www.quiverquant.com/news/AvidXchange+Holdings%2C+Inc.+Reports+Second+Quarter+2025+Financial+Results%3A+Revenue+Growth+Despite+Net+Loss
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