Kicking off 2015 with a Bang!
Following a great 2014, we’re off to the races in the New Year!
Today, we are both proud and excited to announce that we have closed a $50 million financing round, bringing our total amount of capital raised to over $100M to date. Thanks to our amazing investors including our newest investor Silicon Valley Bank and all of our existing investors DCM, Scale Venture Partners, August Capital, Napier Park Global Capital, Icon Ventures, American Express Ventures and Commerce Ventures for making this possible!
The new funds will enable us to continue to grow at a rapid pace and fuel our ongoing plans to provide every business with magically simple business payments that make paying and getting paid fast, easy and secure.
Bill.com is committed to bringing innovation to digital payments for businesses nationwide. In the past 12 months, we’ve introduced a number of innovative products including Bill.com Fast Pay, Bill.com Payments for NetSuite, and Intacct Sync 2.0, among others. Not only that, but the Bill.com team has grown our network over 100 percent to over 600,000 members and we currently process over $19 billion is payments annually.
There is enough “great stuff” on the product roadmap and in the business development pipeline that we know this year is going to be really strong. We look forward to driving growth and success for both our customers and partners.