AvidXchange Holdings, Inc. (NasdaqGS:AVDX)?will look for acquisitions. Mike Praeger, AvidXchange's Co-Founder and Chief Executive Officer said, ?We'll continue to supplement our organic growth by pursuing strategic mergers and acquisitions to expand new verticals and horizontal capabilities. For example, in Q3, we entered the media vertical by acquiring FastPay, a leading provider of payments automation solutions for the media vertical industry?.
AvidXchange Holdings, Inc. is a provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers. The Companyâs cloud-based, software and payment platform digitizes and automates the AP workflow for middle market businesses (AvidXchangeâs buyer customers), and their service providers and vendors (AvidXchangeâs supplier customers). The Company provides solutions and services throughout North America spanning multiple industries including real estate, homeownerâs associations, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, and media. AvidXchangeâs software solutions are delivered primarily through a software-as-a-service (SaaS) platform that connects buyer customers using the Companyâs AP automation products with a network of their vendors, including supplier customers. The Company has made payments to more than 1,200,000 supplier customers of its buyers.
AVIDXCHANGE HOLDINGS, INC. 
