Prudence, Profits, and Growth: A New Formula for Winning in Fintech [Yahoo! Finance]
AvidXchange Holdings, Inc. (AVDX)
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Source: Yahoo! Finance
Themes Shaping the Industry Include Embedded Finance, Connected Commerce, Open Banking, and Generative AI's Impact on Productivity BOSTON June 26, 2024 /PRNewswire/ -- While the fintech industry has navigated choppy waters in recent years, there is vast potential for future growth. As the sector matures, the rules of the game are changing, with a greater focus on unit economics and profitability over growth at all costs. From 2021 to 2023, global fintech revenues grew by 14% (at a compounded annual growth rate) while both funding and valuations plummeted. Key fintech players have achieved profitability and are scaling rapidly. This is according to a new report released today by Boston Consulting Group (BCG) and QED Investors. The report, Global Fintech 2024: Prudence, Profits, and Growth , draws on insights from interviews with more than 60 global fintech CEOs and investors to outline the key forces shaping the industry and the trends that will drive innovation. "Profitability
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AVDX
Earnings
- 5/8/24 - Beat
AVDX
Sec Filings
- 6/28/24 - Form SC
- 6/24/24 - Form 4
- 6/24/24 - Form 4
- AVDX's page on the SEC website