About BILL Spend & Expense
BILL Spend & Expense is a company based in Lehi (United States) founded in 2016 by Blake Murray was acquired by Bill.com in May 2021. It operates as a SaaS (Software-as-a-Service), Freemium, and FinTech. BILL Spend & Expense has raised $447.5 million across 8 funding rounds from investors including Bill.com, PayPal and Pelion. BILL Spend & Expense offers products and services including BILL Spend & Expense, BILL Divvy Card, and Virtual Card. BILL Spend & Expense operates in a competitive market with competitors including Brex, Ramp, Navan, Pleo and Airbase, among others.
- Headquarter Lehi, United States
- Founders Blake Murray
- Stage Unicorn
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Sectors
Travel & HospitalityTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Divvy Pay Llc
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Products & Services of BILL Spend & Expense
BILL Spend & Expense offers a comprehensive portfolio of products and services, including BILL Spend & Expense, BILL Divvy Card, and Virtual Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing expenses and controlling business spending.
Card offering credit and real-time spend visibility.
Virtual cards provided to prevent fraud and overspending.
Funding Insights of BILL Spend & Expense
BILL Spend & Expense has successfully raised a total of $447.5M across 8 strategic funding rounds. The most recent funding activity was a Series D round of $165 million completed in January 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series D — $165.0M
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First Round
First Round
(13 Dec 2017)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series D - BILL Spend & Expense | Valuation | PayPal , Hanaco Ventures | |
| Apr, 2019 | Amount | Series C - BILL Spend & Expense | Valuation | New Enterprise Associates | |
| Jan, 2019 | Amount | Debt – Conventional - BILL Spend & Expense | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in BILL Spend & Expense
BILL Spend & Expense has secured backing from 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bill.com, PayPal and Pelion. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startups are funded through venture capital by Hanaco Ventures.
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Web application services requiring JavaScript, along with potential agricultural-related offerings.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BILL Spend & Expense
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BILL Spend Expense
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bill Spend & Expense Comparisons
Competitors of BILL Spend & Expense
BILL Spend & Expense operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Brex, Ramp, Navan, Pleo and Airbase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS expense management solutions for business travel are provided.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bill Spend & Expense
Frequently Asked Questions about BILL Spend & Expense
When was BILL Spend & Expense founded?
BILL Spend & Expense was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is BILL Spend & Expense located?
BILL Spend & Expense is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Who is the current CEO of BILL Spend & Expense?
Blake Murray is the current CEO of BILL Spend & Expense. They have also founded this company.
Is BILL Spend & Expense a funded company?
BILL Spend & Expense is a funded company, having raised a total of $447.5M across 8 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $250M, raised on Dec 13, 2017.
What does BILL Spend & Expense do?
BILL Spend Expense is focused on delivering expense management solutions for businesses of varying sizes. Services are offered to streamline financial operations through software and corporate cards. Integration with accounting platforms like QuickBooks and NetSuite is supported. Sectors such as construction, healthcare, and education are served with tailored financial tools. Customizable spend controls and virtual cards are provided for enhanced security. Real-time reporting and mobile app access are included for efficient management.
Who are the top competitors of BILL Spend & Expense?
What products or services does BILL Spend & Expense offer?
BILL Spend & Expense offers BILL Spend & Expense, BILL Divvy Card, and Virtual Card.
Who are BILL Spend & Expense's investors?
BILL Spend & Expense has 19 investors. Key investors include Bill.com, PayPal, Pelion, ACREW, and Hanaco Ventures.
What is BILL Spend & Expense's valuation?
The valuation of BILL Spend & Expense is $1.6B as of Jan 2021.
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