AvidXchange and Ministry Brands Announce Exclusive Partnership
Rhea-AI Summary
AvidXchange (NASDAQ:AVDX) has announced an exclusive partnership with Ministry Brands to enhance payment automation for faith-based and nonprofit organizations. The integration will serve Ministry Brands' network of over 90,000 churches and nonprofit organizations, providing them with AvidXchange's AP automation technology and payment solutions.
The partnership aims to streamline payment processes by integrating AvidXchange's automation technology into Ministry Brands' financial and digital tools suite. Key benefits include real-time payment tracking, enhanced security features to reduce fraud risk, and improved financial visibility for church staff and volunteers.
Positive
- Partnership expands AvidXchange's reach to over 90,000 churches and nonprofit organizations
- Strengthens AvidXchange's presence in mission-driven sectors
- Integration provides new revenue stream through Ministry Brands' extensive customer network
Negative
- None.
Insights
AvidXchange's exclusive partnership with Ministry Brands opens access to 90,000+ churches/nonprofits, significantly expanding market reach.
AvidXchange has secured an exclusive partnership with Ministry Brands that strategically positions the company to penetrate deeper into the nonprofit sector. The collaboration connects AvidXchange's payment automation platform with Ministry Brands' extensive network of over 90,000 churches and nonprofit organizations, creating a substantial growth channel.
The exclusivity component of this agreement provides AvidXchange with a protected distribution channel, effectively locking out competitors from accessing this specific customer segment through Ministry Brands. This represents a significant competitive advantage in the faith-based and nonprofit vertical.
The integration focuses on addressing a critical pain point for nonprofits and churches - resource constraints and outdated payment systems. By automating manual processes, the partnership delivers operational efficiencies that align perfectly with the needs of organizations that typically operate with limited administrative resources.
From a market expansion perspective, this deal reinforces AvidXchange's strategic focus on the nonprofit sector, which has been identified as a growth vertical for the company. The partnership leverages AvidXchange's existing supplier network and payment infrastructure, allowing for efficient scaling without significant additional development costs.
The fraud reduction features and enhanced financial visibility tools address key concerns in the nonprofit sector, where financial accountability and governance are particularly important. This value proposition should drive adoption among Ministry Brands' customers seeking to modernize their financial operations while maintaining strong controls.
AI-generated analysis. How Rhea-AI works. Not financial advice.
New Partnership Enhances Payment Innovation for Faith-Based and Nonprofit Organizations
CHARLOTTE, N.C. and KNOXVILLE, Tenn., Aug. 07, 2025 (GLOBE NEWSWIRE) -- AvidXchange, Inc. a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions for mid-market businesses and their suppliers, today announced an exclusive partnership with Ministry Brands, a leading provider of church management software and online giving tools. Together, the two companies will offer churches and nonprofits a more efficient, secure way to manage and pay their bills, freeing up time and resources for ministry.
AvidXchange’s automation technology will integrate seamlessly into Ministry Brands’ suite of financial and digital tools to simplify payment processes for their network of over 90,000 churches and nonprofit organizations. This collaboration offers a faster, more efficient way to manage payments, allowing shared customers to save time and shift more focus to mission-driven priorities. With real-time tracking, church staff, volunteers, and other community leaders gain greater visibility and reliability across the entire payment lifecycle.
“Churches and nonprofits often run lean on resources and outdated systems slow them down,” said Dan Drees, President at AvidXchange. “This partnership is about closing that gap—eliminating manual work so they can operate more efficiently. We're excited to build on our proven success in the nonprofit sector, enabling organizations to achieve more with less and stay focused on their mission."
Ministry Brands chose AvidXchange for its leading supplier network, payment platform, and nonprofit expertise, further strengthening AvidXchange’s presence in mission-driven sectors. The partnership delivers a fully digitized payment process, increasing transparency across systems and offering more control than traditional paper-based methods. Customers will also gain enhanced security features that help reduce payment fraud risk, including eliminating check processing, along with real-time data and reporting that provide deeper insight into financial operations.
“We’re excited to collaborate with AvidXchange to bring meaningful innovation to the churches and nonprofits we serve. Managing finances and administrative tasks can pull focus away from their mission, and this partnership allows us to offer solutions that help teams operate more efficiently and stay focused on serving their people. Together, we’re delivering tools that make a real difference,” said Chris Bacon, CEO of Ministry Brands.
To learn more about the partnership, please visit: https://www.ministrybrands.com/partners/avidxchange-inc.
About AvidXchange®
AvidXchange (Nasdaq: AVDX) is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Empowering over 8,500 growth-driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. For more information, visit avidxchange.com.
About Ministry Brands
Ministry Brands helps more than 90,000 churches and non-profit organizations grow and increase their impact on the world. The company provides integrated solutions covering member and donor management, digital giving, accounting, websites, mobile apps, communications, media content, event planning, employee and volunteer background screenings, and more. Together, their nearly 700 employees help clients transform how they operate and create positive ripple effects that drive the real human impact for which we all strive. With over
Media Contacts:
Alexis Riddick
Public Relations Manager
AvidXchange
pr@avidxchange.com
Julian Byrne
anthonyBarnum Public Relations
Ministry Brands
julian.byrne@anthonybarnum.com
(512) 665-9258
