AvidXchange Holdings, Inc. Common Stock

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. Its Software-as-a-Service (SaaS)-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,500 businesses (its buyers) and it has made payments to more than 1,350,000 supplier customers of its buyers (suppliers). Its platform automates end-to-end AP workflows for its buyers and enhances the payment experience for its suppliers through the various products and features: AP Automation Software, the AvidPay Network, and the AvidXchange Supplier Hub. The firm provides solutions and services throughout North America spanning multiple industries, including real estate, community association management, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, media, and hospitality.