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AvidXchange

AvidXchange

Transactions Processed

62.46 M

FY, 2021

Revenue

$248.4 M

FY, 2021

Market Capitalization

$1.6 B

2022-09-19

AvidXchange Summary

Company summary

Overview
AvidXchange Holdings is a provider of AP (accounts payable) automation software and payment solutions. It offers a SaaS-based solution automating and digitizing the capture, review, approval, and payment of invoices for the buyers; a two-sided payments network that connects the buyers with their suppliers; cash management solutions to the supplier network. AvidXchange provides products that include AvidInvoice, an automated invoice management software; AvidPay, a bill payment automation software; AvidBuy, a purchase order software; AvidUtility, a utility bill management software. The company caters to the real estate, banking, construction, healthcare, community management, hospitality, and technology industries. AvidXchange Holdings operates through AvidXchange.
Type
Public
Founded
2000
HQ
Charlotte, NC, US | view all locations
Website
https://www.avidxchange.com/
Cybersecurity rating
ESG rating
out of 100 | View all ESG data
Sectors

Key people

  • Michael Praeger

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

  • Dan Drees
  • Joel Wilhite

    Joel Wilhite, Chief Financial Officer

  • Todd Cunningham

    Todd Cunningham, Chief People Officer

Operating MetricsView all

Customers (North America)

6K

Apr, 2020

Suppliers

825K
17.9%

FY, 2021

Payments Processed

$9.5M

FY, 2018

LocationsView all

7 locations detected

  • Charlotte, NC HQ

    United States

    1210 AvidXchange Lane

  • Birmingham, AL

    United States

    Two Perimeter Park South

  • Columbus, MS

    United States

    319 Park Creek Dr

  • Framingham, MA

    United States

    200 Crossing Blvd

  • Houston, TX

    United States

    2100 Travis Street, Suite 300

  • Los Angeles, CA

    United States

    8201 Beverly Blvd

and 1 others

AvidXchange Financials

Summary financials

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