Bill.com Honored by Goldman Sachs for Entrepreneurship
PALO ALTO, CA, October 17, 2018 - Goldman Sachs (NYSE:GS) is recognizing Bill.com Founder & CEO, René Lacerte as one of the 100 Most Intriguing Entrepreneurs of 2018 at its Builders + Innovators Summit in Santa Barbara, California.
Goldman Sachs selected René Lacerte as one of 100 entrepreneurs from multiple industries to be honored. René is a fourth generation entrepreneur with over 25 years’ experience building transformative solutions for small and medium-sized businesses in the finance, software and payments industries. He built Bill.com into the leading digital business payments company with a network of 3 million members that processes over $60 billion annually. Earlier, he founded PayCycle, which grew to become the nation’s largest online payroll service before it was acquired by Intuit in 2009.
“Entrepreneurship is part of my family DNA and to be honored by Goldman Sachs for doing what I love is truly humbling,” said René Lacerte, Founder and CEO of Bill.com. “Bill.com has had an incredible year of growth and is building increasing momentum in the market. There’s never been a more exciting time for this industry, and I’m proud that Bill.com is being recognized for modernizing the way businesses connect and do business.”
“A dynamic economy depends on dynamic entrepreneurs who disrupt industries and occasionally give birth to entirely new sectors,” said David M. Solomon, Chief Executive Officer of Goldman Sachs. “The purpose of Builders + Innovators is to support emerging leaders in their quests to innovate faster in order to grow their ideas. We are pleased to recognize René Lacerte as one of the most intriguing entrepreneurs of 2018.”
For nearly 150 years, Goldman Sachs has been advising and financing entrepreneurs as they launch and grow their businesses. In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.
Bill.com is the leading digital business payments company with a network of 3 million members, processing over $60 billion annually. Making it simple to connect and do business, the Bill.com cloud-based Payment Management Platform automates, simplifies, and controls the payments process, saving more than 50 percent of the time typically spent. Bill.com partners with four of the top 10 largest U.S. banks, more than 60 of the top 100 accounting firms, major accounting software providers including Netsuite, Intacct, QuickBooks and Xero, and is the preferred provider of digital payments solutions for CPA.com, the technology arm of the American Institute of CPAs (AICPA). Winner of more than 70 awards, and recognized as one of San Francisco Business Times’ and Silicon Valley Business Journal’s “2018 Best Places to Work,” Bill.com has raised over $200 million in funding with the most recent investment round led by JP Morgan Chase and Temasek.