What is Billtrust?
Headquartered in Lawrenceville, New Jersey, Billtrust provides comprehensive solutions for payment cycle management, effectively digitizing and automating the complex workflows inherent in business-to-business transactions. By streamlining invoicing, payment processing, and reconciliation, the company addresses significant operational inefficiencies for large-scale enterprises. Its market position is defined by its ability to integrate seamlessly into existing ERP systems, providing a scalable infrastructure that enhances cash flow visibility and reduces days sales outstanding for its diverse client base.
How much funding has Billtrust raised?
Billtrust has raised a total of $611M across 7 funding rounds:
Series A
$5M
Other Financing Round
$4M
Series B
$25M
Series C
$25M
Series D
$50M
Stock Offering
$127M
Debt
$375M
Series A (2006): $5M with participation from Edison Partners
Other Financing Round (2006): $4M led by Edison Partners
Series B (2012): $25M supported by Bain Capital Ventures
Series C (2015): $25M featuring Goldman Sachs and Bain Capital Ventures
Series D (2017): $50M backed by Riverwood Capital
Stock Issuance/Offering (2021): $127M, investors not publicly disclosed
Debt (2022): $375M led by Owl Rock Capital, Sixth Street, and Monroe Capital Management Advisors
Key Investors in Billtrust
Goldman Sachs
A leading global investment banking and management firm providing comprehensive financial services, including strategic advisory and capital market expertise to major corporations.
Bain Capital Ventures
A prominent private investment firm with a global platform, specializing in growth equity and capital solutions to drive innovation and operational excellence.
Edison Partners
A growth equity firm focused on partnering with high-potential companies, providing both capital and operational playbooks to accelerate scaling.
What's next for Billtrust?
With the infusion of recent capital, Billtrust is well-positioned to accelerate its product roadmap and expand its footprint within the global fintech ecosystem. The strategic focus will likely center on enhancing its automated payment platforms and deepening its penetration into enterprise-level markets. By leveraging its established relationships with top-tier financial institutions and private equity partners, the company is poised to capitalize on the ongoing digital transformation of corporate finance, potentially exploring further inorganic growth opportunities or technological advancements in real-time payment processing to maintain its competitive edge.
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