News

AvidXchange’s financial position remains solid with $389.3 million in cash and cash equivalents as of Q1 2025, though this represents a decrease from $443.5 million in Q1 2024.
The following chart details ... growth potential. AvidXchange has demonstrated impressive growth with a 24% revenue CAGR from 2020-2024. The company also completed the acquisition of Gringo ...
As part of the acquisition, another payments company Corpay, formerly known as FleetCor Technologies, will buy a 33% stake in the publicly-traded AvidXchange for $500 million, according to its ...
If you want to learn more about cross-sales payment synergies, I recommend reading my recent article on Shift4 and their acquisition of Global Blue. Also, certain members of the AvidXchange senior ...
The acquisition by TPG, a global alternative asset management firm, and Corpay, a leader in corporate payments, represents a strategic move that will result in AvidXchange becoming a private entity.
The acquisition price is set at $10 per share in cash, valuing AvidXchange at $2.2 billion, and reflects a 22% increase over AvidXchange’s closing stock price of $8.20 on May 6, 2025.
Corpay and TPG will acquire AvidXchange for $10 per share in cash, valuing it at $2.2 billion. The acquisition offers a 22% premium over AvidXchange's previous closing price, with Corpay taking a ...
Full Year 2025 Financial Outlook AvidXchange is suspending its previously issued financial outlook for fiscal 2025 in light of its pending acquisition by TPG in partnership with Corpay.
CHARLOTTE, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“AvidXchange” or the “Company”), a leading provider of accounts ...