Third Quarter 2023 news and trends

Insurance Segment Drives 195% Year-Over-Year Growth for Porch Group
Earnings // November 07, 2023

Seattle-based vertical software company Porch Group announced Tuesday (Nov. 7) its financial results for the third quarter of 2023. The company reported total revenue of $129.6 million, representing a 67% increase compared to the same period last year. Adjusted EBITDA for the quarter was $8.8...

Quick Reads
AvidXchange and AppFolio Team on AP Automation for Property Management

November 08, 2023
AvidXchange announced Wednesday (Nov. 8) an integration partnership with AppFolio, a real estate-focused solutions provider. The partnership between AvidXchange and AppFolio aims to enhance accounts payable automation benefits for AppFolio’s 19,000 real estate customers. By integrating with AvidXchange, AppFolio ensures that invoice details and transactions are easily recorded in their accounting systems. This streamlines the workflow for automated invoice processing, approvals, […]

Insurance Segment Drives 195% Year-Over-Year Growth for Porch Group

November 07, 2023
Seattle-based vertical software company Porch Group announced Tuesday (Nov. 7) its financial results for the third quarter of 2023. The company reported total revenue of $129.6 million, representing a 67%...