Invoice automation software received several investments in recent years, with AvidXchange having had over three times more money than Bill.com before its IPO. Software solutions to automate processes surrounding accounts payable and receivable - like processing large volumes of invoices or managing financial transactions from one company to its suppliers - is increasingly seen as one of the more urgent aspects of digital B2B payments. This became especially prevalent in the wake of the COVID-19 pandemic, as many companies were suddenly unable to pay their bills on time. In Germany, for instance, the average number of days before a B2B transactions was settled in Germany grew from 22 days in 2019 to more than three months in 2020 - a figure substantially higher than the average number of days for a B2B payment in other European countries.
Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021
(in million U.S. dollars)
Of the companies listed here, Bill.com is the only one that went public and is registered under the ticker OM5:FRA (Germany) as well as NYSE:BILL (United States).
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CrunchBase. (July 20, 2021). Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/
CrunchBase. "Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021 (in million U.S. dollars)." Chart. July 20, 2021. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/
CrunchBase. (2021). Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/
CrunchBase. "Investment Rounds in Selected Fintech Companies Specializing in Accounts Payable and Receivable (Ap/Ar) within B2b Payments as of July 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 20 Jul 2021, https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/
CrunchBase, Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/ (last visited November 13, 2024)
Investment rounds in selected fintech companies specializing in accounts payable and receivable (AP/AR) within B2B payments as of July 2021 (in million U.S. dollars) [Graph], CrunchBase, July 20, 2021. [Online]. Available: https://www.statista.com/statistics/1251172/b2b-payment-fintech-investment-rounds-for-ap-ar/
