Bill.com Closes $38M Financing

Funding Rounds

▤ Summary

Bill.com, a Palo Alto, CA-based provider of integrated bill payment solutions, closed a $38m financing.In conjunction with the funding, Rory O’Driscoll, a partner with ScaleVP, joined Bill.com’s Board of Directors.The company intends to use the funds to further develop the banking platform, the business payments network, for customer acquisition and investment in the core product features and integration with third-party applications.[youtube id=”gizcDtnGf0k” width=”620″ height=”360″] Led by René Lacerte, founder and CEO, Bill.com operates a business payments network, which enables more than 275,000 users to pay and get paid.Its banking platform allows banks to integrate the Bill.com solution with their own platform, enabling them to own the entire cash flow management process, from payables to receivables to cash flow visualization.

$ Funding

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Amount $38.0M Total raised
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Date November 12, 2013 Announcement date
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Investors Scale Venture Partners Lead investors
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Company http://www.bill.com Funded company

▥ Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
SaaS Financial Software AP/AR Automation

▦ Linked Companies

BILL
$1M to $5M