Bill.com is a cloud-based AP/AR automation platform that helps businesses streamline financial workflows. Its solutions include invoice processing, workflow approvals, ACH payments, automated billing, vendor management, reconciliation, and international/domestic payments.
The platform integrates with leading accounting systems such as QuickBooks, Xero, Sage Intacct, and NetSuite, enabling complete visibility and secure financial operations for SMBs and enterprises.
With 1,000+ employees, Bill.com continues to transform financial back-office operations through automation, AI-driven workflows, and embedded payment solutions.
What Is Bill.com and What Does It Do?
Bill.com, founded in 2006 by Rene Lacerte, is headquartered in Palo Alto, United States. The company provides cloud-based accounts payable and receivable automation, enabling businesses to streamline invoicing, payments, approvals, and financial workflows with AI-driven efficiency.
Its platform powers domestic and international payments, ACH transfers, vendor management, and automated billing.
Bill.com employs 1,001–5,000 people, supporting finance teams worldwide with secure, integrated, and scalable financial operations.
How Much Funding Has Bill.com Raised?
1. Post-IPO Funding
- Amount Raised: $1.15B
- Date: November 2020
- Motivation: To strengthen financial reserves, accelerate product innovation, and support global expansion.
2. Series G
- Amount Raised: $88M
- Date: April 2019
- Lead Investors: Franklin Templeton Investments, Mastercard, Fidelity, Kayne Anderson Rudnick, FLEETCOR, Temasek, Cross Creek
- Motivation: To enhance platform capabilities and scale go-to-market operations.
3. Series G
- Amount Raised: $100M
- Date: October 2017
- Lead Investors: JPMorgan Chase, Temasek, SVB, American Express Ventures
- Motivation: To advance product expansion and support enterprise adoption.
Total Funding Raised: $326M
Latest Funding Date: November 2020
Key Investors
1. American Express Ventures
- Details: Corporate venture arm of American Express investing in innovative fintech solutions.
- Investment Focus Areas: Payments, financial technology, enterprise software.
- Notable Investments: Bill.com, Stripe, BlueVine.
2. JPMorgan Chase
- Details: One of the world’s largest financial institutions supporting fintech modernization.
- Investment Focus Areas: Payments, financial services, enterprise technology.
- Notable Investments: Bill.com, Plaid, Robinhood.
3. Temasek
- Details: Global investment company headquartered in Singapore, backing high-growth innovators.
- Investment Focus Areas: Fintech, financial services, technology, enterprise SaaS.
- Notable Investments: Bill.com, Virtu, Coinbase.
4. Mastercard
- Details: Global payment technology company investing in next-generation payment solutions.
- Investment Focus Areas: Payments, digital identity, fintech.
- Notable Investments: Bill.com, Marqeta, AvidXchange.
5. Franklin Templeton Investments
- Details: Global investment firm focused on strategic growth sectors.
- Investment Focus Areas: Financial services, technology, fintech.
- Notable Investments: Bill.com, Netskope, OneTrust.
Where Is Bill.com’s Headquarters?
Bill.com is headquartered in Palo Alto, California, giving it direct access to Silicon Valley’s robust fintech ecosystem, top engineering talent, and strategic enterprise partners.
What’s Next for Bill.com?
Bill.com aims to deepen AI automation across AP/AR workflows, expand global payment capabilities, and integrate more deeply with ERP systems. With strong revenue growth and post-IPO scale, the company plans to enhance embedded finance offerings, strengthen fraud prevention tools, and support international expansion through banking and fintech partnerships.
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