Butter Payments Names Sonali Sambhus as Chief Technology Officer to Support Rapid Expansion and Platform Innovation Butter Payments (NYSE:SQ) named Sonali Sambhus as Chief Technology Officer on November 5, 2025 to support rapid expansion of its machine‑learning payments recovery platform.Sambhus joins after leading Developer & ML Platform at Block, formerly Square, and brings prior executive and founder experience plus board/advisory roles. Butter uses patented ML models to predict and prevent failed payments, a problem cited as costing the subscription industry $440 billion annually, and serves customers including Cerebral, FuturHealth, The Athletic, and Athena Club.The hire follows recent CEO and CCO additions and is positioned to accelerate platform scaling, AI product development, and client value delivery.

#SQ #AVDX Butter Payments Names Sonali Sambhus as Chief Technology Officer to Support Rapid Expansion and Platform Innovation

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TPG & Corpay Complete Acquisition of AvidXchange AvidXchange Holdings, Inc. (“AvidXchange” or the “Company”) (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that TPG and Corpay have completed their previously announced

#AVDX TPG & Corpay Complete Acquisition of AvidXchange

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AvidXchange and Ministry Brands Announce Exclusive Partnership AvidXchange (NASDAQ:AVDX) has announced an exclusive partnership with Ministry Brands to enhance payment automation for faith-based and nonprofit organizations. The integration will serve Ministry Brands' network of over 90,000 churches and nonprofit organizations, providing them with AvidXchange's AP automation technology and payment solutions.The partnership aims to streamline payment processes by integrating AvidXchange's automation technology into Ministry Brands' financial and digital tools suite. Key benefits include real-time payment tracking, enhanced security features to reduce fraud risk, and improved financial visibility for church staff and volunteers.

#AVDX AvidXchange and Ministry Brands Announce Exclusive Partnership

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AvidXchange Announces Second-Quarter 2025 Financial Results AvidXchange (NASDAQ: AVDX) reported its Q2 2025 financial results, showing mixed performance with revenue growth but a shift to net loss. Total revenue reached $110.6 million, up 5.2% year-over-year, while the company posted a GAAP net loss of $(9.5) million compared to a net income of $0.4 million in Q2 2024.Key metrics showed steady growth with total payment volume increasing 4.1% to $21.5 billion and transaction yield improving 3.2% to $5.50. The company processed 20.1 million transactions, up 1.8% year-over-year. Non-GAAP gross profit margin improved to 73.8% from 72.6% in the previous year.Due to the pending acquisition by TPG in partnership with Corpay, AvidXchange has suspended its fiscal 2025 outlook and will not hold an earnings teleconference.

#AVDX AvidXchange Announces Second-Quarter 2025 Financial Results

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Halper Sadeh LLC Launches Investigation Into Corporate Transactions Affecting Shareholders of TURN, AVDX, NVEE, and SOAR Halper Sadeh LLC is examining several companies for possible violations of federal securities laws and shareholder fiduciary duties. Discover your rights.

Halper Sadeh LLC Launches Investigation Into Corporate Transactions Affecting Shareholders of TURN, AVDX, NVEE, and SOAR #United_States #New_York #Halper_Sadeh #TURN #AVDX

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AvidXchange Announces First-Quarter 2025 Financial Results AvidXchange (NASDAQ: AVDX) reported its Q1 2025 financial results, showing modest growth amid challenging macro conditions. Total revenue increased 2.2% year-over-year to $107.9 million, while total transactions grew 1.9% to 19.7 million. The company reported a GAAP net loss of $(7.3) million, compared to $(1.0) million in Q1 2024.Key metrics include non-GAAP net income of $10.4 million, total payment volume growth of 3.7% to $20.6 billion, and improved GAAP gross margins at 65.8%. The company maintained a strong balance sheet with $389.3 million in cash and marketable securities. Notably, AvidXchange has suspended its 2025 financial outlook due to its pending acquisition by TPG in partnership with Corpay. [ "Improved operating cash flow to $7.4 million from -$6.4 million in Q1 2024", "Strong balance sheet with $389.3 million in cash and marketable securities", "Increased GAAP gross margin to 65.8% from 65.5% year-over-year", "Total payment volume grew 3.7% to $20.6 billion" ]

#AVDX AvidXchange Announces First-Quarter 2025 Financial Results

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AvidXchange Agrees to be Acquired by TPG in Partnership with Corpay for $2.2 Billion AvidXchange (NASDAQ: AVDX), a leading AP automation software provider, has announced its acquisition by TPG and Corpay in a $2.2 billion cash deal. Shareholders will receive $10.00 per share, representing a 22% premium over the closing price of $8.20 on May 6, 2025. TPG will acquire a majority stake through TPG Capital, while Corpay will hold a minority interest. Upon completion in Q4 2025, AvidXchange will become private. The deal aims to provide AvidXchange with additional flexibility to invest in growth and enhance its integrated payment solutions. The transaction, unanimously approved by independent board members, requires stockholder and regulatory approvals. Senior management will roll over significant equity stakes, demonstrating confidence in the company's future under new ownership.

#AVDX AvidXchange Agrees to be Acquired by TPG in Partnership with Corpay for $2.2 Billion

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AvidXchange Announces Fourth Quarter & Full Year 2024 Financial Results AvidXchange (AVDX) reported strong Q4 and full-year 2024 financial results, marking significant improvements in profitability and operational efficiency. The company achieved Q4 revenue of $115.4 million, up 10.9% year-over-year, with GAAP net income of $4.7 million compared to a loss in Q4 2023.Key highlights include non-GAAP gross margin expansion to 73.6% from 69.4% in 2023, and adjusted EBITDA margins growth to 19.3% from 8.0%. The company processed 19.9 million transactions in Q4 2024, handling a total payment volume of $21.9 billion. Transaction yield increased 6.4% to $5.80.AvidXchange maintained a strong balance sheet with $389.3 million in cash and marketable securities and only $9.1 million in long-term debt. The company completed a strategic $50 million share repurchase program and paid down high-interest bank debt, demonstrating disciplined capital allocation.

#AVDX AvidXchange Announces Fourth Quarter & Full Year 2024 Financial Results

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NEWS: ( NASDAQ: #AVDX ) AvidXchange Announces Third Quarter 2024 Financial Results

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NEWS: ( NASDAQ: #AVDX ) AVDX STOCKHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into AvidXchange Holdings, Inc. and Encourages Investors to Contact the Firm!

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