Billtrust develops a payment cycle management platform designed to automate every step in the invoice-to-cash process.
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 Accounts receivable (AR) is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper-based.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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
W Capital Partners | Yes | Secondary Market |
Riverwood Capital | Yes | Series E |
Goldman Sachs | Yes | Series D |
Edison Partners | Yes | Series A |
Capital Research and Management Company | — | Post-IPO Equity |
Fidelity Management and Research Company | — | Post-IPO Equity |
Franklin Templeton Investments | — | Post-IPO Equity |
Wellington Management | — | Post-IPO Equity |
Bain Capital Ventures | — | Series E |
New York Angels | — | Seed |
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 | |
---|---|---|---|---|
Sep 8, 2011
Invoice Connection
|
Financial Services | acquisition | — | Detail |
Jan 17, 2012
Mark Altman & Associates (MA&A)
|
Government | acquisition | — | Detail |
Jan 10, 2013
Best Practice Systems
|
acquisition | — | Detail | |
Jul 17, 2014
Open Scan Technologies
|
Enterprise Software | acquisition | — | Detail |
Feb 25, 2016
C-TABS
|
Information Technology | acquisition | — | Detail |