AvidXchange Holdings, Inc. (AVDX)
AvidXchange Holdings, Inc. operates in the Software - Infrastructure industry of the Technology sector, headquartered in Charlotte, NC, US. The stock last traded at $10.00, up 0.00% on the session, giving a market capitalisation of $2.08B. On trailing twelve-month figures it carries a trailing P/E of -122.85, a net margin of -7.7%. Its beta of 1.20 implies it has historically moved more than the broad market.
AvidXchange Holdings, Inc. specializes in delivering automated accounts payable (AP) and payment processing solutions to mid-sized businesses and their associated suppliers across North America. The company's core services encompass a Software-as-a-Service (SaaS) based AP automation platform, which is engineered to digitize and streamline the entire invoice workflow for purchasing organizations—from electronic capture and intelligent routing for review and approval, to the final automated payment. Additionally, AvidXchange manages the AvidPay network, facilitating efficient two-sided payment interactions between clients and their diverse supplier ecosystem, and provides a cash flow management solution to optimize financial oversight. AvidXchange distributes its offerings via a direct sales force, strategic channel alliances, and collaborations with software and technology business partners. Its extensive client base spans numerous sectors, including real estate, homeowners associations, construction, financial services, healthcare, social services, education, and media. Established in 2000, the company maintains its corporate headquarters in Charlotte, North Carolina.
AvidXchange Holdings, Inc. is most often compared with the following Technology names: