AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced our partnership with Wise, the global technology company whose mission is money without borders. This partnership supports international payment capabilities through our newly launched Cross-Border Payments solution.
“Partnering with Wise to provide our customers with best-in-class international payment capabilities was an easy decision because of their market-leading platform and seamless integration capabilities,” said Dan Drees, Chief Growth Officer of AvidXchange. “Together, we stand firm as leaders and remain dedicated to making our customers’ payments process more efficient regardless of country lines.”
Steve Naude, Head of Wise Platform commented: “Current systems don’t allow businesses to easily send, spend or receive money internationally. Through our collaboration with AvidXchange, Wise is helping businesses gain access to a faster, more cost-effective and seamless way to manage finances with domestic and international suppliers in multiple currencies and countries. With 50% of transfers sent instantly, always at the mid-market rate, AvidXchange customers can now have confidence knowing they are saving time and money with each transaction.”
AvidXchange, Inc. is a licensed money transmitter for US B2B payments, licensed as a Money Transmitter by the New York State Department of Financial Services, as well as all other states that require AvidXchange to have a license.
To learn more about AvidXchange’s Cross-Border Payments offering, visit www.avidxchange.com/solutions/avidsuite-for-netsuite/.