AvidXchange Holdings, Inc. (AVDX)

USD 10.64

(-4.83%)

Market Cap (In USD)

2.18 Billion

Revenue (In USD)

380.72 Million

Net Income (In USD)

-47.32 Million

Avg. Volume

2.62 Million

Currency
USD
Country
Technology
Open
-
Prev. Close
-
Day Range
-
Year Range
7.38-13.56
PE
-
EPS
-
Beta Value
1.002
ISIN
US05368X1028
CUSIP
05368X102
CIK
1858257
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Technology
Industry
Software - Infrastructure
CEO
Mr. Michael Praeger
Employee Count
-
Website
https://www.avidxchange.com
Ipo Date
2021-10-13
Details
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.