Craft

AvidXchange

Stock Price

$11

2024-05-21

Market Capitalization

$2.3 B

2024-05-21

Revenue

$380.7 M

FY, 2023

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, bill payment automation software; AvidBuy, purchase order software; AvidUtility, utility bill management software. AvidXchange 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

Transactions Processed

70.2M
12.3%

FY, 2022

Active Buyers

8.8K
10.0%

FY, 2022

Integrations

225
2.3%

FY, 2022

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 (Q1, 2024)
$105.6M
Net income (Q1, 2024)
($1.0M)
Cash (Q1, 2024)
$343.7M
EBIT (Q1, 2024)
($4.1M)
Enterprise value
$2.0B

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