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Announced

Completed

JPMorgan and Temasek to invest $100m in Bill.com.

Financials

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Transaction Value£76m
Consideration Type-
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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business payment network

Private Equity

Acquisition

United States

Completed

Private

Financial Data and Systems

Natural

Single Bidder

Synopsis

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JPMorgan and Temasek, investment companies to invest $100m in Bill.com, the US business payments network. The funds will be used to accelerate Bill.com’s distribution into banks and accounting firms, and to continue the rapid adoption of the Bill.com payment network. “Businesses deserve the same digital payment experience we have come to expect as consumers. With this capital, we will double down on our efforts to shift digital payments from early adoption to major, widespread market acceptance.” René Lacerte, Bill.com CEO and founder.

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