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About AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc. engages in the provision of accounts payable automation software and payment solutions. The company is headquartered in Charlotte, North Carolina and currently employs 1,600 full-time employees. The company went IPO on 2021-10-13. The Company’s cloud-based, software and payment platform digitizes and automates the AP workflow for middle market businesses (AvidXchange’s buyer customers), and their service providers and vendors (AvidXchange’s supplier customers). The firm provides solutions and services throughout North America spanning multiple industries including real estate, homeowner’s associations, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, and media. AvidXchange’s software solutions are delivered primarily through a software-as-a-service (SaaS) platform that connects buyer customers using the Company’s AP automation products with a network of their vendors, including supplier customers. The firm has made payments to more than 1,200,000 supplier customers of its buyers.
Industry: Services-Prepackaged Software Peers: CONDUENT Inc CSG SYSTEMS INTERNATIONAL INC International Money Express, Inc. MONEYGRAM INTERNATIONAL INC Paymentus Holdings, Inc. Remitly Global, Inc. Sabre Corp TaskUs, Inc. VISA INC.