About Billtrust
Billtrust is a company based in Hamilton Township (United States) founded in 2001 was acquired by EQT in September 2022. It operates as a SaaS (Software-as-a-Service), Managed Services, and FinTech. 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. Billtrust offers products and services including Invoicing Software, Payments Solution, Cash Application, Collections Software, and Credit Management. Billtrust operates in a competitive market with competitors including Paymentus, SumUp, PayStand, PayLease and Invoice Cloud, among others.
- Headquarter Hamilton Township, United States
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Btrs Holdings Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$105 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
C-TABS
& 3 more
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Acquired by
EQT
(Sep 28, 2022)
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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. 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.
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.
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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 Total Funding
- Total Rounds 5
- Last Round Last Round
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First Round
First Round
(01 Jun 2006)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2017 | Amount | Series D - Billtrust | Valuation |
investors |
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| May, 2017 | Amount | Series D - Billtrust | Valuation | Riverwood Capital |
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| Apr, 2015 | Amount | Series C - Billtrust | 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 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. 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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Carveout investments are managed by Riverwood Capital in private equity.
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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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
|
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 Billtrust
Billtrust has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include C-TABS, Order2Cash and Second Phase. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Order to cash processes management platform
|
2016 | ||||
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Customized electronic payment solutions for businesses
|
2008 | ||||
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Credit management solutions for businesses
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2007 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Billtrust
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Billtrust Comparisons
Competitors of Billtrust
Billtrust 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 Paymentus, SumUp, PayStand, PayLease and Invoice Cloud, 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 |
Comprehensive billing and payment solution provider
|
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| domain | founded_year | HQ Location |
Provider of mPOS solution and card reader for offline retailers
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| domain | founded_year | HQ Location |
Payment processing for bitcoin, e-checks, and credit cards is facilitated.
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| domain | founded_year | HQ Location |
Payment solutions are offered to the property management sector.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and payment solutions are offered to 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.
|
Latest news on Billtrust
Frequently Asked Questions about Billtrust
When was Billtrust founded?
Billtrust was founded in 2001 and raised its 1st funding round 5 years after it was founded.
Where is Billtrust located?
Billtrust is headquartered in Hamilton Township, United States.
Is Billtrust a funded company?
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 C of $25M, raised on Jun 01, 2006.
What does Billtrust do?
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.
Who are the top competitors of Billtrust?
What products or services does Billtrust offer?
Billtrust offers Invoicing Software, Payments Solution, Cash Application, Collections Software, and 2 more products and services.
How many acquisitions has Billtrust made?
Billtrust has made 4 acquisitions, including C-TABS, Order2Cash, and Second Phase.
Who are Billtrust's investors?
Billtrust has 6 investors. Key investors include Goldman Sachs, KeyBank, EQT, Riverwood Capital, and Bain Capital Ventures.
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