Company Description
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in the United States.
The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and the AvidXchange Supplier Hub, which provides supplier insights to cash flow, tools for in-network invoices and payments, and early payment feature.
Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. It serves real estate, community association management, construction, financial services, healthcare facilities, social services, education, hospitality, and media sectors through direct salesforces; strategic channel partnerships; and software and technology business partners.
AvidXchange Holdings, Inc. was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
| Country | United States |
| Founded | 2000 |
| IPO Date | Oct 13, 2021 |
| Industry | Software - Infrastructure |
| Sector | Technology |
| Employees | 1,600 |
| CEO | Michael Praeger |
Contact Details
Address: 1210 AvidXchange Lane Charlotte, North Carolina 28206 United States | |
| Phone | 800 560 9305 |
| Website | avidxchange.com |
Stock Details
| Ticker Symbol | AVDX |
| Exchange | NASDAQ |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| IPO Price | $25.00 |
| CIK Code | 0001858257 |
| CUSIP Number | 05368X102 |
| ISIN Number | US05368X1028 |
| SIC Code | 7372 |
Key Executives
| Name | Position |
|---|---|
| Michael Praeger | Co-Founder, Chairman and Chief Executive Officer |
| Daniel Drees | President |
| Joel Wilhite CPA | Senior Vice President and Chief Financial Officer |
| Angelic Gibson | Chief Information Officer and Senior Vice President |
| Ryan Stahl J.D. | Senior Vice President, General Counsel and Secretary |
| Chris Tinsley | Co-Founder and Senior Technology Advisor |
| John Feldman | Chief Operating Officer |
| Subhaash Kumar | Senior Vice President of Investor Relations |
| Al McMillian Jr. | Vice President of Compliance |
| Todd Cunningham | Chief People Officer and Senior Vice President |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Jul 16, 2025 | SC 13E3/A | [Amend] Going private transaction by certain issuers |
| Jul 16, 2025 | PRER14A | Filing |
| Jun 30, 2025 | 8-K | Current Report |
| Jun 18, 2025 | SC 13E3 | Going private transaction by certain issuers |
| Jun 17, 2025 | PREM14A | Filing |
| Jun 13, 2025 | 144/A | Filing |
| Jun 12, 2025 | 144 | Filing |
| May 22, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| May 14, 2025 | SCHEDULE 13G/A | Filing |
| May 14, 2025 | SCHEDULE 13G | Filing |