Craft

AvidXchange

Stock Price

$8.4

2024-10-29

Market Capitalization

$1.7 B

2024-10-29

Revenue

$380.7 M

FY, 2023

AvidXchange Summary

Company Summary

Overview
AvidXchange is a provider of accounts payable (AP) automation software and payment solutions. Its services include invoice and payment automation, spend management, supplier support, purchase orders, etc. The company caters to real estate, construction, healthcare, media, and other sectors.
Type
Public
Status
Active
Founded
2000
HQ
Charlotte, NC, US | view all locations
Website
https://www.avidxchange.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Michael Praeger

    Michael Praeger, Chief Executive Officer, Co-Founder and Board Member

  • Angelic Gibson

    Angelic Gibson, Chief Information Officer

  • Todd Cunningham

    Todd Cunningham, Chief People Officer

  • Joel Wilhite

    Joel Wilhite, Chief Financial Officer

Operating MetricsView all

Spend Under Management

$231B
7.4%

FY, 2023

Integrations

240
6.7%

FY, 2023

Enterprise Customers

8K
9.1%

FY, 2023

LocationsView all

6 locations detected

  • Charlotte, NC HQ

    United States

    1210 AvidXchange Lane

  • Birmingham, AL

    United States

    Two Perimeter Park South, Suite 535 W

  • Burbank, CA

    United States

    3900 W Alameda Ave #2050

  • Framingham, MA

    United States

    200 Crossing Blvd

  • Houston, TX

    United States

    2100 Travis Street, Suite 300

  • Sandy, UT

    United States

    111 Sego Lily Dr #300

AvidXchange Financials

Summary Financials

Revenue (Q3, 2024)
$112.8M
Net income (Q3, 2024)
$4.0M
Cash (Q3, 2024)
$315.3M
Enterprise value
$1.4B

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