AvidXchange is a B2B company that provides accounts payable automation software to middle-market businesses. The platform’s services include invoice capturing, workflow organisation, and automated payment solutions. Founded in 2000, the company is headquartered in Charlotte, North Carolina, and operates in North America.
The organisation launched its IPO in October 2021. AvidXchange sold 26.4 million shares at $25 per share. The company raised $660m with this offering, which gave it an estimated market valuation of $4.9bn. The company trades on the NASDAQ using the AVDX ticker.
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