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AVIDXCHANGE ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS

First quarter 2023 year-over-year financial results swing to adjusted EBITDA profit on higher revenue growth, payment monetization, operational efficiencies and expense leverage –Raising 2023 business outlook on first quarter 2023 financial outperformance –2023 Investor Day registration reminder: www.avidxchange.com CHARLOTTE, N.C., …

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AvidXchange Delivers Best-In-Class Invoice-to-Pay Solution to More Credit Union Customers, Partners with KeyStone by Corelation

CHARLOTTE, N.C., March 07, 2023 — AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced its referral partnership with KeyStone by Corelation Inc. (“Corelation”), the latest core processor for today’s credit union. This

AvidXchange Announces Fourth Quarter 2022 Financial Results

–Broad-based demand across verticals drives year over year Q4’22 revenue growth of 24.4%, 23.3% organically –Combination of strong revenue growth, gross profit expansion and expense control substantially narrow year over year Q4’22 operating and adjusted EBITDA losses –Projecting accelerated path to adjusted EBITDA profitability in 2023 versus a previous target

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Partner Spotlight

MRI software

MRI Software: PropTech for the Real Estate Professional of Today, Visionary of Tomorrow

The following is a guest post from our friends at MRI Software, a real estate and investment management software provider to real estate owners, investors and operators. Click HERE to...
AvidXchange Renews Partnership with Vantaca

Vantaca Partner Spotlight

AvidXchange, the leading provider of accounts payable (AP) and payment automation solutions for the middle market, today announced a renewed partnership with Vantaca, a leading accounting system designed specifically to...

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