Welcome to our dedicated page for Avidxchange Holdings news (Ticker: AVDX), a resource for investors and traders seeking the latest updates and insights on Avidxchange Holdings stock.
AvidXchange Holdings, Inc. (formerly Nasdaq: AVDX) generates frequent news as a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. This news page aggregates coverage of the company’s product announcements, partnerships, survey findings, and financial disclosures so readers can follow how AvidXchange’s AP and payments platform evolves over time.
Company news often highlights developments in its AP automation and payments offerings, including the launch of Accounts Payable as a Service, which lets ERP providers embed AP and payment workflows directly into their platforms using AI‑enhanced automation, APIs, and prebuilt modules. Updates may also feature new embedded ERP relationships and integrations that extend AvidXchange’s reach across industry verticals.
Another recurring theme in AvidXchange news is its research on finance and AP trends. The company releases surveys and reports on topics such as economic sentiment among finance professionals, adoption of AI and automation, workforce concerns among AP teams, and payment security trends. These stories provide context on how finance departments are responding to economic pressures and technology change.
Historical news items include quarterly financial results from AvidXchange’s time as a public company, detailing revenue trends, transaction volumes, and payment volumes, as well as information about its acquisition by TPG in partnership with Corpay and the transition to private ownership. Together, these articles offer a record of AvidXchange’s business performance, strategic direction, and role in the AP automation market.
Investors, customers, and finance professionals can use this news feed to monitor AvidXchange’s product evolution, partnerships, research releases, and significant corporate events related to AP automation and B2B payments.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) reported a significant recovery in middle market spending, showing the largest quarterly increase since 2017. This growth is attributed to increased technology expenditures and rebounds in key sectors such as retail and food service amid post-vaccine recovery. However, the Finance & Insurance industry marked its first spending decline of the year, while Construction faced its second consecutive quarter of decreased spending due to pandemic-related challenges. AvidXchange processes around 58 million transactions annually through the AvidPay Network.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) announced a partial early lock-up release allowing employees and consultants to sell up to 25% of their common stock, effective November 19, 2021. This translates to approximately 1,602,846 shares becoming eligible for sale in the public market. AvidXchange specializes in accounts payable automation and has served over 7,000 businesses, facilitating payments to more than 700,000 suppliers. The announcement may impact stock performance as shares enter the market due to employee selling.
AvidXchange Holdings reported a 37% increase in revenue for Q3 2021, totaling $65.2 million, driven by a 40% growth in total payment volume, reaching $14.0 billion. Despite the revenue growth, the GAAP net loss widened to $(35.5) million compared to $(18.0) million in Q3 2020. The company also processed 16.1 million transactions, up 17% year-over-year. Their full year 2021 revenue outlook is projected between $244.5M - $245.5M, with adjusted EBITDA expected to be between $(30.1)M - $(28.1)M.
AvidXchange, a leader in accounts payable automation software, announced two upcoming presentations at major conferences. CEO Michael Praeger and CFO Joel Wilhite will present virtually at the J.P. Morgan Ultimate Services Conference on November 18, 2021, at 9:35 AM ET, and at the Credit Suisse 25th Annual Technology Conference on November 30, 2021, at 8:55 AM MT (6:55 AM ET). Both events will be webcast live, with replays available for a limited time. AvidXchange serves over 7,000 businesses and has facilitated payments to more than 700,000 suppliers.
AvidXchange Holdings, Inc. (Nasdaq: AVDX) is set to release its third-quarter financial results for the period ending September 30, 2021, on November 16, 2021, after market close. The company will host a conference call at 5:00 PM ET to discuss these results, with dial-in options available for domestic and international participants. AvidXchange specializes in accounts payable and payment automation solutions for the middle market, serving over 7,000 businesses and facilitating payments to more than 700,000 suppliers in the past five years.
AvidXchange Holdings has launched AvidSuite for Financial Services, specifically designed for credit unions to enhance efficiency in accounts payable (AP) and payment processes. This new platform integrates ASCEND, an AP automation solution, with AvidPay and its network, facilitating quicker invoice processing and multiple payment options. Michael Praeger, CEO, emphasized the importance of automation in achieving operational efficiencies. The platform aims to support credit unions in complying with regulations while reducing time spent on manual payment tasks.
AvidXchange announced the pricing of its upsized initial public offering (IPO) of 26.4 million shares at $25.00 per share, aiming for gross proceeds of approximately $660 million. The underwriters have a 30-day option to purchase an additional 3.96 million shares. AvidXchange's stock is set to trade on Nasdaq under the symbol 'AVDX' starting October 13, 2021, with the offering expected to close around October 15, subject to customary conditions. The registration was declared effective by the SEC on October 12, 2021.