Billtrust
Company

Last deal

$200M

Amount

Post-IPO Equity

Stage

13.01.2021

Date

8

all rounds

$315M

Total amount

General

About Company
Billtrust is a payment cycle management platform that automates the invoice-to-cash process.

Industry

Sector :

Subsector :

Also Known As

Factor Systems

founded date

01.01.2001

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

The company provides cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Billtrust's solutions integrate with financial institutions, ERP systems, and AP software platforms to help customers recognize revenue more quickly and efficiently. By transitioning from paper invoicing to electronic billing and payments, customers can accelerate revenue capture, generate cost savings, and provide a better user experience. Billtrust operates in two segments: Print, which is responsible for printing customer invoices, and Software & Payments, which optimizes electronic invoice presentment, electronic payments, credit decisioning, collections automation, cash application, and deduction management. The company also offers innovative solutions like a supplier-driven payments network, automated invoice delivery into AP portals, and an automated credit application process.