About Billtrust
Billtrust is a Technology company based in Hamilton Township (United States) founded in 2001, and was acquired by EQT in September 2022. Invoice and payment management solutions are offered for small businesses. It operates on a SaaS (Software-as-a-Service), Managed Services, and FinTech model in Technology and Financial Services sectors. Billtrust has raised $105 million across 5 funding rounds from investors including Goldman Sachs, KeyBank and EQT. Billtrust has completed 4 acquisitions, including C-TABS, Order2Cash and Second Phase. Its website billtrust.com draws about 1.8 million monthly visits. Billtrust offers products and services including Invoicing Software, Payments Solution, Cash Application, Collections Software, and Credit Management. Its focus areas include Financial Technology and Accounts Receivable Software. Its legal entity is BTRS Holdings Inc. Its competitors include Paymentus, PayStand and PayLease; 2 of its 3 listed competitors have raised funding.
Company details
Billtrust is established as a leader in accounts receivable automation, offering AI-powered software solutions to streamline the order-to-cash process. Services are provided across various industries including business services, distributors, equipment manufacturing, medical, retail, and transportation. The platform is designed to enhance invoicing, payments, cash application, collections, credit management, and eCommerce operations. Advanced analytics and integrations are utilized to optimize financial workflows, reduce costs, and improve cash flow for global brands. With over 24 years of expertise, innovative tools are developed to support digital transformation in finance operations.
- Total Equity Funding$105M (USD)
in 5 rounds
- InvestorsGoldman Sachs
& 5 more
- Investments & AcquisitionsC-TABS
& 3 more
- Acquired byEQT
(Sep 2022)
Products & Services of Billtrust
Billtrust offers a comprehensive portfolio of products and services, including Invoicing Software, Payments Solution, Cash Application, Collections Software, and Credit Management.
Invoicing is streamlined to speed up payment processes.
Payments are optimized for stronger cash flow management.
Cash application is automated for accurate payment matching.
Collections are simplified to expedite payment recovery process.
Credit decisions are enhanced with predictive data analysis.
eCommerce experience is boosted for better customer satisfaction.
Apps and channels of Billtrust
its YouTube channel Billtrust has 587 subscribers and 30 videos.
Videos from Billtrust
The most watched videos on Billtrust's YouTube channel, Billtrust (587 subscribers). Click a video to play it here.
More on Billtrust.
Funding Insights of Billtrust
Billtrust has successfully raised a total of $105M across 5 strategic funding rounds. 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 $105M
- Total Rounds 5
- First Round $5M
(Jun 2006)
- Investors Count 5
All 5 funding rounds of Billtrust with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2017 | Series D | – | – | ||
| May 2017 | $50M | Series D | – | Riverwood Capital | – |
| Apr 2015 | $25M | Series C | – | – | |
| Nov 2012 | $25M | Series B | – | – | |
| Jun 2006 | $5M | Series A | – | – |
6 investors in total: 6 institutional.
Investors in Billtrust
Billtrust has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, KeyBank and EQT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Carveout investments are managed by Riverwood Capital in private equity. | riverwoodcapital.com | Menlo Park, United States | ||
Venture capital fund focused on investing in multiple sectors | baincapitalventures.com | Boston, United States | ||
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Provider of a growth equity firm for adaptive and personalized plans | edisonpartners.com | Princeton, United States | ||
EQT is recognized as a global investment organization focused on value creation. | 1994 | eqtgroup.com | Stockholm, Sweden | |
Regional bank | 1849 | key.com | Cleveland, United States |
Investor details for Billtrust
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Billtrust
366 people are tracked at Billtrust (61 in leadership, 7 in board & advisors, 298 in team).
| Name | Role | Group |
|---|---|---|
Sue Ellen Hodnot | Strategic Sales Director | Leadership |
Tyler Barron | Senior Partner Implementation Consultant | Leadership |
Shane Dollard | Director, IT Service Delivery | Leadership |
Mark Penserini | Channel Sales Director | Leadership |
Catherine Duke | Chief People Officer | Leadership |
Brian Daniell | Chief Customer Officer | Leadership |
Ej Zhang | Director, Value Creation | Leadership |
Anthony Anzelmo | Strategic Sales Director | Leadership |
Grant Halloran | CEO | Leadership |
Philip Ragona | Chief Legal Officer | Leadership |
David Zwick | Chief Financial Officer | Leadership |
John Kurfis | Sr. Director, Invoicing And Payments Product | Leadership |
Mimont Bezzih | VP Finance Europe | Leadership |
Brian Haft | Senior Director, Technology Operations | Leadership |
George Kuriakose | Senior Director, Engineering | Leadership |
Joe Eng | Chief Technology Officer | Leadership |
Prabhu Velayutham | Vice President Of Development | Leadership |
Dan Schaak | Director Of Development | Leadership |
Mike Passifione | Vice President, Pre-sales & Payments | Leadership |
Jeff Vasquez | Vice President Of Sales | Leadership |
346 more people are available in the full profile.
Complete people profiles for Billtrust
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Billtrust
Billtrust has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include C-TABS, Order2Cash and Second Phase.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Order to cash processes management platform | order2cash.com | Amsterdam, Netherlands | 2016 | Feb 2022 | •••• | |
Credit management solutions for businesses | icontroller.eu | Ghent, Belgium | 2007 | Oct 2021 | $58M | |
ERP software solutions are provided for multiple industries. | secondphase.net | Boulder, United States | 2001 | Apr 2019 | •••• | |
Customized electronic payment solutions for businesses | c-tabs.com | Fountain Valley, United States | 2008 | Feb 2016 | •••• |
Complete acquisition details for Billtrust
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Billtrust
8 dated milestones of Billtrust across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Billtrust is founded.
- Funding First funding round of $5.0M.
- Acquisition Acquires C-TABS.
- Funding Latest funding round, Series D,.
- Acquisition Acquires Second Phase.
- Acquisition Acquires iController.
- Acquisition Acquires Order2Cash.
- Exit Acquired by EQT.
Competitors of Billtrust
Billtrust has 3 listed competitors in our database, 2 of them funded. They include Paymentus, PayStand and PayLease.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| paymentus.com | 2004 | Atlanta, United States | $23.6M | 1,273 | Comprehensive billing and payment solution provider | |
| paystand.com | 2013 | San Francisco, United States | $77M | 46 | Payment processing for bitcoin, e-checks, and credit cards is facilitated. | |
| paylease.com | 2003 | San Diego, United States | 328 | Payment solutions are offered to the property management sector. |
Detailed competitors of Billtrust
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Billtrust
The website of Billtrust (billtrust.com) receives about 1.8M visits a month and ranks #21,818 among all websites worldwide, #1,396 in Banking Credit and Lending.
- Monthly visits1.8M
▼ 2.5% vs previous month
- Unique visitors640.2K
per month
- Global rank#21,818
among all websites
- Category rank#1,396
Finance · Banking Credit and Lending
- Bounce rate27%
- Pages per visit6.7
- Average visit5 min 51 sec
- DevicesDesktop 90% · Mobile 10%
Websites whose visitors overlap most with Billtrust. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| osgbilling.com | 100% | View details | |||
| firstcitizens.com | 98% | 3.6M | #12,105 | View details | |
| ally.com | 97% | 14.8M | #3,147 | View details | |
| pnc.com | 96% | 25.9M | #1,327 | View details | |
| clover.com | 95% | 8.4M | #4,824 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Billtrust
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Billtrust (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Billtrust
Complete news archive for Billtrust
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Billtrust
Billtrust was founded in 2001 and raised its 1st funding round 5 years after it was founded.
Billtrust is headquartered in Hamilton Township, United States.
Billtrust is a funded company, having raised a total of $105M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5M, raised on Jun 2006.
Billtrust is established as a leader in accounts receivable automation, offering AI-powered software solutions to streamline the order-to-cash process. Services are provided across various industries including business services, distributors, equipment manufacturing, medical, retail, and transportation. The platform is designed to enhance invoicing, payments, cash application, collections, credit management, and eCommerce operations. Advanced analytics and integrations are utilized to optimize financial workflows, reduce costs, and improve cash flow for global brands. With over 24 years of expertise, innovative tools are developed to support digital transformation in finance operations.
Billtrust offers Invoicing Software, Payments Solution, Cash Application, Collections Software, and 2 more products and services.
Billtrust has made 4 acquisitions, including C-TABS, Order2Cash, and Second Phase.
Billtrust has 6 investors. Key investors include Goldman Sachs, KeyBank, EQT, Riverwood Capital, and Bain Capital Ventures.
Billtrust operates through Btrs Holdings Inc..
Yes. Billtrust was acquired by EQT in September 2022.
The website of Billtrust receives about 1.8 million visits a month and ranks #21,818 among all websites worldwide.