Craft

AvidXchange

Stock Price

$9.8

2023-08-22

Market Capitalization

$2 B

2023-08-22

Revenue

$316.4 M

FY, 2022

AvidXchange Summary

Company Summary

Overview
AvidXchange Holdings is a provider of accounts payable (AP) automation software and payment solutions. It offers a SaaS-based solution automating and digitizing capture, review, approval, and payment of invoices for the buyers; a two-sided payments network that connects the buyers with their suppliers; and cash management solutions to the supplier network. The company 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. AvidXchange caters to the real estate, construction, healthcare, community management, hospitality, and technology and software, and other sectors. AvidXchange Holdings operates through AvidXchange.
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

Partners

33

Nov, 2019

Software Products

5

Nov, 2019

Accounting Systems Integrated

150

Nov, 2019

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

  • Salt Lake City, UT

    United States

    11 E Sego Ave #300

AvidXchange Financials

Summary Financials

Revenue (Q2, 2023)
$91.2M
Net income (Q2, 2023)
($18.8M)
Cash (Q2, 2023)
$337.3M
EBIT (Q2, 2023)
($20.5M)
Enterprise value
$1.8B

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