Bill.com
Headquarters
San Jose, CAFounded
2006CEO / Founder
René LacerteEmployees
1001-5000Funding
PublicStock
BILLProducts
1 product listedAvg. AI Score
7.8/10Website
www.bill.com/
Profile updated
About Bill.com
BILL (formerly Bill.com) is a financial operations platform founded in 2006 in San Jose by René Lacerte. The platform automates accounts payable, accounts receivable, and spend/expense management for small and mid-sized businesses, with deep integrations to major accounting systems.
BILL serves more than 480,000 SMB customers and processes hundreds of billions of dollars in payment volume annually. Its acquisitions include Divvy (spend management) and Invoice2go.
BILL went public on NYSE in December 2019 (BILL). René Lacerte continues as CEO and founder.
Specialties
Financials
Dated, source-cited figures. Estimates are marked.
Products by Bill.com
All products by Bill.com reviewed by our AI panel of experts.
How Our Review Panel Scores Bill.com
Six independent reviewer personalities assessed Bill.com's product on their own terms. They landed within 0.9 points of each other, an unusually strong consensus.
Averaged across 1 reviewed product in our catalog. Scores are out of 10.
Competitive Landscape
Who Bill.com competes with, and how they differ.
Ramp built spend management and corporate cards on a no-fee, software-first model for fast-growing companies, overlapping with Bill.com's Divvy-based spend product, while Bill.com's core remains subscription-plus-per-transaction AP/AR automation for small businesses and accounting firms.
1 product reviewed on TopReviewed
Brex targets venture-backed startups and larger growth companies with corporate cards and treasury/spend software, competing directly with Bill.com's Divvy-based spend management line rather than its core AP/AR bill-pay business.
1 product reviewed on TopReviewed
Tipalti focuses on AP automation and mass global payouts for mid-market and enterprise finance teams with heavy multi-currency and cross-border needs, a segment above Bill.com's core small-business customer base.
1 product reviewed on TopReviewedMelio offers small businesses free ACH bill pay monetized through payment-processing and card fees, undercutting Bill.com's subscription-plus-per-transaction pricing for the smallest-business segment.
AvidXchange concentrates AP automation on mid-market verticals such as real estate, construction, and financial services with heavier implementation and integration services, versus Bill.com's self-serve, horizontal SMB focus.
Airbase combines spend management, corporate cards, and AP automation into one platform for mid-market finance teams, directly overlapping with Bill.com's combined AP-plus-Divvy-spend-management offering.
1 product reviewed on TopReviewedCompany Timeline
Key milestones in Bill.com's history, with sources.
- Milestone
Rebranded from Bill.com to BILL
The company rebranded from "Bill.com" to "BILL," modernizing its brand identity; the legal entity was later renamed BILL Holdings, Inc. in February 2023.
pymnts.com - Acquisition
Completed acquisition of Invoice2go for ~$625M
Bill.com completed its acquisition of Invoice2go, a mobile-first accounts receivable software provider, in a stock-and-cash deal valued at approximately $625 million at announcement.
bill.com - Acquisition
Completed acquisition of Divvy for ~$2.5B
Bill.com completed its acquisition of Divvy, a spend-management and corporate-card provider based in Draper, Utah, in a stock-and-cash transaction valued at approximately $2.5 billion.
bill.com - Milestone
IPO on NYSE under ticker BILL
Bill.com priced its IPO at $22.00 per share (9,823,529 shares, ~$216 million raised) and began trading on the New York Stock Exchange under ticker "BILL" on December 12, 2019.
bill.com - Funding
Raised $88M led by Franklin Templeton
Bill.com closed an $88 million financing round led by Franklin Templeton with participation from Mastercard and Fidelity Investments Canada, ahead of its IPO later that year.
bill.com - Funding
Raised $100M led by JPMorgan Chase and Temasek
Bill.com secured $100 million in financing led by JPMorgan Chase and Temasek, with participation from prior investors, bringing total funding raised to date to over $200 million.
bill.com - Funding
Series E — $38M led by Scale Venture Partners
Bill.com closed a $38 million financing round led by Scale Venture Partners, with strategic investment from Bank of America, American Express, and Fifth Third Bank.
bill.com - Funding
Series D — $15.5M led by Financial Partners Fund
Bill.com raised $15.5 million in a Series D round led by Financial Partners Fund (a unit of Citi Capital Advisors), with participation from existing investors DCM, Emergence Capital, August Capital, and Jafco Ventures.
businesswire.com - Funding
Series C — $8.5M led by Jafco Ventures
Bill.com raised an additional $8.5 million led by Jafco Ventures, with DCM, Emergence Capital and August Capital participating, bringing total funding to over $25 million.
techcrunch.com - Funding
Series B — $8.5M led by August Capital
Bill.com closed an $8.5 million venture financing round led by August Capital, with DCM and Emergence Capital participating, bringing total investment to over $17 million; August Capital's David Hornik joined the board.
bill.com
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