Bill.com offers a cloud Payment Management Platform that automates, streamlines, and controls AP and AR and other back‑office payment processes for SMBs. The platform integrates with major accounting software providers (NetSuite, Intacct, QuickBooks, Xero) and is used by more than 3 million members. Bill.com manages over $60 billion in annual payment volume and says it saves more than 50% of the time typically spent on payments. More than 70 of the top 100 U.S. accounting firms leverage Bill.com to help clients automate payments and provide advisory services. The company emphasizes scaling adoption through partnerships with leading financial institutions and technology companies to digitize a large, under‑digitized B2B payments market. Bill.com operates a cloud payments network that automates AP and AR to reduce reliance on paper checks and streamline financial back-office workflows. Its platform saves businesses up to 50% of the time typically spent on financial back-office operations by securely automating end-to-end processes. The network has over 2.5 million members, processes $50 billion in payments annually, and serves more than 100,000 customers; more than 1% of U.S. businesses use the Bill.com network to pay or get paid. Bill.com partners with four of the top 10 U.S. banks, over 50 of the top 100 accounting firms, and integrates with major accounting software providers including Intuit and Xero; it is the preferred provider for CPA.com. Headquartered in Palo Alto, California, the company plans to accelerate distribution into banks and accounting firms and drive wider adoption of digital business payments using the new capital. Bill.com provides a suite of digital payments solutions that simplify bill payment and invoicing processes for SMBs. Its applications automate A/P and A/R workflows and integrate banks and accounting software, with three of the top ten national banks and 35 of the top 100 accounting firms using the platform. In the past 12 months the network grew over 100% to more than 600,000 members and the company now moves over $19 billion annually. Recent product launches include Bill.com Fast Pay, Bill.com Payments for NetSuite, and Intacct Sync 2.0. The company says its automation can save customers up to 50% of the time typically spent on financial back‑office operations. Bill.com plans to use new capital to continue scaling its network, expand its core technology, and deliver digital payments solutions nationwide. Bill.com operates a platform that connects banks, accounting services and customers via APIs to handle payables, receivables and cash management, aiming to automate back-office workflows. The company plans to invest the new funding to add more payables features for larger customers, integrate with CRM providers to turn sales orders into invoices, enable customers to extend their own platforms, and enhance cash-flow visualization. Bill.com's platform abstracts complex back-office data flows through a network of API connections and integrations with partners such as Xero. CEO and co-founder René Lacerte highlighted a market opportunity where banks process about 80% of consumer payments but only 20% of business payments, which Bill.com targets. The company faces product-development tradeoffs as the platform must be fortified to scale, exposing it to competition from Netsuite, QuickBooks and Concur and nimbler startups. Financially, Bill.com raised $38M in an oversubscribed round and has now raised $80M in total. Bill.com offers a web-based platform for bill payment, invoicing and cash management that integrates with major accounting and banking systems. The service connects with QuickBooks Online, Intacct, NetSuite, Sage Peachtree, Google Apps and PayPal Business. The company says it has grown over 300% this year and added “tens of thousands of new customers and vendors.” Its platform now manages more than $3 billion in payments. Bill.com positions itself as a high-volume payments network for businesses and continues to expand its integrations and customer base. The company has raised multiple rounds of financing to support its growth.

Total raised

$300M

Funding rounds

7

Latest round

Equity

Latest activity

Apr 2019