About Billhop
Billhop is a company based in Stockholm (Sweden) founded in 2011 by Sebastian Andreescu was acquired by Ramp in March 2026.. Billhop has raised $20.67 million across 4 funding rounds from investors including Ramp, EQT Ventures and 13books Capital. Billhop offers products and services including Working Capital Solution and Tail Spend Solution. Billhop operates in a competitive market with competitors including Fawaterk, Ledyer, Lesslie, Smart Payables and Magiro, among others.
- Headquarter Stockholm, Sweden
- Founders Sebastian Andreescu
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Billhop Ab
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Annual Revenue
$6.59 M (USD)8as on Dec 31, 2022
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Net Profit
$-4.93 M (USD)-19as on Dec 31, 2022
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EBITDA
$-4.93 M (USD)-19as on Dec 31, 2022
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Total Equity Funding
$20.67 M (USD)
in 4 rounds
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Latest Funding Round
$11.86 M (USD), Series B
Feb 03, 2022
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Investors
Ramp
& 6 more
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Employee Count
Employee Count
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Acquired by
Ramp
(Mar 13, 2026)
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Products & Services of Billhop
Billhop offers a comprehensive portfolio of products and services, including Working Capital Solution and Tail Spend Solution. 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.
Enables enterprises to optimize cash flow via credit card payments
Facilitates payments to non-card suppliers for process efficiency
Funding Insights of Billhop
Billhop has successfully raised a total of $20.67M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $11.86 million completed in February 2022. 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 4
- Last Round Series B — $11.9M
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First Round
First Round
(11 Mar 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Series B - Billhop | Valuation | EQT Ventures | |
| Feb, 2021 | Amount | Series A - Billhop | Valuation | 13books Capital |
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| Oct, 2017 | Amount | Series A - Billhop | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Billhop
Billhop has secured backing from 7 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Ramp, EQT Ventures and 13books Capital. 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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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are provided to fintech startups.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by corporate-backed Almi Invest.
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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 Billhop
| 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 - Billhop
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Billhop Comparisons
Competitors of Billhop
Billhop 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 Fawaterk, Ledyer, Lesslie, Smart Payables and Magiro, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based end-to-end business management tools for e-tailers are offered.
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| domain | founded_year | HQ Location |
Account receivables solution for businesses
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| domain | founded_year | HQ Location |
International payment solutions are provided by Lesslie for businesses.
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| domain | founded_year | HQ Location |
Provides check printing, ACH automation, and document mailing for enterprises.
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| domain | founded_year | HQ Location |
Delivers cloud-based payment management solutions for tax businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Billhop
Frequently Asked Questions about Billhop
When was Billhop founded?
Billhop was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Where is Billhop located?
Billhop is headquartered in Stockholm, Sweden.
Who is the current CEO of Billhop?
Sebastian Andreescu is the current CEO of Billhop. They have also founded this company.
Is Billhop a funded company?
Billhop is a funded company, having raised a total of $20.67M across 4 funding rounds to date. The company's 1st funding round was a Series A of $1.83M, raised on Mar 11, 2016.
What is the annual revenue of Billhop?
Annual revenue of Billhop is $6.59M as on Dec 31, 2022.
What does Billhop do?
Billhop was founded in 2011 in Stockholm, Sweden, within the fintech sector. Accounts payable processes are automated, and invoice payments via credit cards from MasterCard, VISA, and AMEX are enabled for businesses and consumers. Recipients bank details, OCR numbers, references, and bill amounts are entered by users to complete transactions. Operations focus on streamlining bill payments across Europe.
Who are the top competitors of Billhop?
What products or services does Billhop offer?
Billhop offers Working Capital Solution and Tail Spend Solution.
Who are Billhop's investors?
Billhop has 7 investors. Key investors include Ramp, EQT Ventures, 13books Capital, Almi Invest, and Per Otto Hyland.