Company AvidXchange Holdings, Inc.

Equities

AVDX

US05368X1028

Business Support Services

End-of-day quote Nasdaq 07:00:00 2024-03-25 pm EDT 5-day change 1st Jan Change
12.82 USD -0.23% Intraday chart for AvidXchange Holdings, Inc. -2.06% +3.47%

Business Summary

AvidXchange Holdings, Inc. is a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. 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 Company 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 Company has made payments to more than 1,200,000 supplier customers of its buyers.

Number of employees: 1,600

Sales per Business

USD in Million2022Weight2023Weight Delta
Payment
69.6 %
214 67.6 % 265 69.6 % +23.98%
Software
29.5 %
100 31.5 % 112 29.5 % +12.70%
Services
0.9 %
3 0.9 % 3 0.9 % +15.40%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
316 100.0 % 381 100.0 % +20.35%

Managers

Managers TitleAgeSince
Chief Executive Officer 56 99-12-31
President 56 18-03-31
Director of Finance/CFO 54 17-01-31
Chief Tech/Sci/R&D Officer 47 19-09-30
Chief Operating Officer - 18-12-31
Corporate Officer/Principal - -
Treasurer - 19-12-31
Sales & Marketing - -
Corporate Officer/Principal - 21-12-31
Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Director/Board Member 67 02-06-30
Chief Executive Officer 56 99-12-31
Director/Board Member 69 21-10-14
Director/Board Member 65 21-10-14
Director/Board Member 51 22-12-18
Director/Board Member 51 21-10-14
Director/Board Member 49 22-12-18

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 204,324,279 185,164,344 ( 90.62 %) 0 90.62 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.807 %
17,890,929 8.807 % 238 M $
15,148,251 7.457 % 201 M $
12,395,096 6.102 % 165 M $
BlackRock Advisors LLC
5.430 %
11,030,174 5.430 % 147 M $
Senvest Management LLC
4.763 %
9,675,695 4.763 % 129 M $
Bain Capital Private Equity LP
4.499 %
9,139,898 4.499 % 121 M $
Morgan Stanley Investment Management, Inc.
2.940 %
5,972,753 2.940 % 79 M $
Lord, Abbett & Co. LLC
2.757 %
5,600,949 2.757 % 74 M $
Lone Pine Capital LLC
2.501 %
5,080,632 2.501 % 68 M $
North Reef Capital Management LP
2.214 %
4,497,800 2.214 % 60 M $

Company contact information

AvidXchange Holdings, Inc.

1210 AvidXchange Lane

28206, Charlotte

+

http://www.avidxchange.com
address AvidXchange Holdings, Inc.(AVDX)