Billtrust

company

About

Billtrust develops a payment cycle management platform designed to automate every step in the invoice-to-cash process.

Details

Last Funding Type
Series C
Last Funding Money Raised
$7M
Industries
Financial Services,FinTech,Payments,Software
Founded date
Jan 1, 2001
Number Of Employee
501 - 1000
Operating Status
Active
Stock Symbol
nasdaq:BTRS
Legal Name
Factor Systems, Inc.
Also Known As
Factor Systems

Billtrust is a provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable (AR) is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper-based. Billtrust is at the forefront of the digital transformation of AR, providing mission-critical solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application and collections. Billtrust's solutions integrate with a number of ecosystem players, including financial institutions, enterprise resource planning (ERP) systems, and accounts payable (AP) software platforms, to help customers recognize revenue more quickly and efficiently. Customers use Billtrust's platform to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments, which accelerates revenue capture, generates cost savings, and provides a better user experience.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
9
$315M
Billtrust has raised a total of $315M in funding over 2 rounds. Their latest funding was raised on Jan 13, 2021 from a Post-IPO Equity round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 13, 2021 Post-IPO Equity $200M 4 Detail
Jan 13, 2021 IPO Detail
Jan 1, 2018 Secondary Market $4M 1 W Capital Partners Detail
May 25, 2017 Series E $50M 2 Riverwood Capital Detail
Apr 15, 2015 Series D $25M 2 Goldman Sachs Detail

Employee Profiles

Number of Employee Profiles
33
Billtrust has 33 current employee profiles, including Executive Andrew Herning
Executive
Executive
Executive
Executive
Board observer

Acquisition

Billtrust has acquired 9 organizations. Their most recent acquisition was Invoice Connection on Sep 8, 2011. They acquired Invoice Connection for 0.

Date Company Name
Industry Acquisition Type Price
Financial Services acquisition Detail
Government acquisition Detail
acquisition Detail
Enterprise Software acquisition Detail
Feb 25, 2016 C-TABS
Information Technology acquisition Detail