Summary

AvidXchange

Founded in 2000

Description

AvidXchange helps middle-market businesses automate the accounts payable process to boost efficiency, accuracy and speed.

Strengths

  • AvidXchange has a strong market share in their industry
  • Demonstrating revenue growth that is faster than the industry average
  • Since AvidXchange was founded, the company has grown faster than the industry average
  • Web traffic rankings are better than the industry average

Weaknesses

  • Revenue generated per employee is less than the industry average
  • The number of employees is not growing as fast as the industry average

Annual Revenue

AvidXchange's annual revenue

$124900000

Based on Kona Equity data

  • Revenue per employee

    $124900

  • Annual revenue growth since founding

    $5677272

  • Revenue growth rate from first known quarter to current

    92.4%

Employee Count

1000 employees

  • Employee growth rate from first known quarter to current

    -9.1%

Executives

Joel Wilhite

Chief Financial Officer

j**@avidxchange.com

G Score - 4

The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.

  • G1 Revenue is greater than the industry median.
  • G3 Revenue growth rate from the first known quarter to current is higher than the industry average.
  • G6 Annual revenue growth since founding is higher than the industry average.
  • G7 Website traffic rankings are better than the industry average

Web Analysis

  • Rank

    158 K

  • Page views per visitor

    1.6

  • Daily time

    1:17

  • Bounce Rate

    63.8 %

Location

1210 AvidXChange Lane 
Charlotte, NC  28206

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Key Information

  • Name: AvidXchange
  • Category: Computer software
  • Industry: Software company
  • SIC: 73; 737
  • NAICS: 511; 5182
  • Disclaimer: These numbers are estimates and any other company information is based off our proprietary algorithms and by no means should be accepted as 100% factual. Kona Equity is in no way affiliated with AvidXchange.

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