Announced
Completed
Financials
Sources
Tags
business payment network
Private Equity
Acquisition
United States
Completed
Private
Financial Data and Systems
Natural
Single Bidder
Synopsis
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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