EQT, a private equity firm, completed the acquisition of Billtrust, a B2B accounts receivable automation and integrated payments provider, for $1.7bn. “This transaction marks the beginning of an exciting new chapter for Billtrust, our customers and employees while providing shareholders an immediate and substantial cash value with a compelling premium. We believe B2B payments and accounts receivable continue to be ripe for massive disruption and innovation, and our partnership with EQT will provide us with greater resources and flexibility to build on our leadership position," Flint Lane, Billtrust Founder and CEO. On December 13, 2022, Billtrust's stockholders approved the proposed merger.