Avidxchange Holdings Inc
NASDAQ:AVDX

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Avidxchange Holdings Inc
NASDAQ:AVDX
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Price: 10.46 USD 1.06% Market Closed
Market Cap: 2.2B USD
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Avidxchange Holdings Inc
Investor Relations

In the bustling world of fintech, Avidxchange Holdings Inc. has carved out a niche, revolutionizing the way businesses handle accounts payable. Founded in 2000 and headquartered in Charlotte, North Carolina, Avidxchange emerged from the simple idea of streamlining the often cumbersome process of managing invoices and payments. The company's cloud-based platform automates accounts payable functions, removing the need for paper-based invoices and manual processing. Businesses that partner with Avidxchange can automate invoice receipt, approval workflows, and payment execution, thus optimizing efficiency and reducing processing time. By transforming these traditionally labor-intensive tasks, Avidxchange provides value to over 7,000 mid-market companies across diverse industries, helping them save time and reduce the costs associated with accounts payable.

At the heart of Avidxchange's business model is its strategy to create a network of buyers and suppliers, allowing the company to benefit from transaction fees and subscription revenues. Avidxchange earns revenue primarily from software subscription fees, transaction fees on payments processed through its platform, and payment services offerings. Their strategy focuses on acquiring new customers continuously while expanding relationships with existing ones, ensuring recurring revenue streams. The synergy between automation software and payment processing gives Avidxchange a competitive edge, as it taps into the growing demand for efficient digital transaction solutions. As businesses increasingly turn toward digital transformation, Avidxchange stands positioned to capture a substantial share of this burgeoning market.

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Management

Mr. Michael Praeger
Co-Founder, Chairman & CEO
No Bio Available
Mr. Daniel Drees
President
No Bio Available
Mr. Joel Wilhite CPA
Senior VP & CFO
No Bio Available
Ms. Angelic Gibson
Chief Information Officer & Senior VP
No Bio Available
Mr. Ryan Stahl J.D.
Senior VP, General Counsel & Secretary
No Bio Available
Mr. Chris Tinsley
Co-Founder & Senior Technology Advisor
No Bio Available
Mr. John Feldman
Chief Operating Officer
No Bio Available
Mr. Subhaash Kumar
Head of Investor Relations
No Bio Available
Mr. Al McMillian Jr.
Vice President of Compliance
No Bio Available
Ms. Jess Antle
Vice President of Brand Marketing & Communications
No Bio Available

Contacts

Address
NORTH CAROLINA
Charlotte
1210 Avidxchange Lane
Contacts
+18005609305.0
www.avidxchange.com