B

Billtrust

Cloud-based AR automation for B2B billing

Overview

Summary: 1. What it does: Billtrust provides cloud-based accounts receivable (AR) automation, offering a suite of software for billing, invoicing, payment processing, and automated cash application to help B2B customers manage their cash flow. 2. How it works: The platform includes configurable web store storefronts for eCommerce, secure payment processing, and automated cash application within a subscription-based software service, enabling automated billing cycles, faster payments, and reconciliation of payments to invoices. 3. How it differs from competitors: It offers end-to-end AR workflow in the cloud with highly configurable eCommerce and payment capabilities tailored to multiple industries, focusing on streamlining the entire AR process from invoicing to cash posting for B2B customers. 4. Goal: To help businesses improve cash flow, reduce operating costs, and increase customer satisfaction by making AR processes more efficient and automated.

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About Billtrust

Simplify's Rating
Why Billtrust is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareFintechFinancial Services

Company Size

501-1,000

Company Stage

IPO

Headquarters

Lawrence Township, NJ

Founded

2001

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What believers are saying

  • Visa’s October 2026 pilot is already processing live transactions with Billtrust suppliers.
  • Billtrust says its network spans 13 million buyers and over $1 trillion annual invoice volume.
  • Agentic Credit Lines and cash forecasting deepen wallet share and raise switching costs.

What critics are saying

  • EQT ownership since December 2022 removes public-market discipline and obscures operating performance.
  • Visa, BILL, and ERP vendors can commoditize Billtrust’s portal and payment workflow advantages by 2027.
  • If B2B payment rails shift away from supplier portals, Billtrust’s core distribution network unravels.

What makes Billtrust unique

  • Billtrust owns invoice-to-cash workflows across invoicing, payments, cash application, and collections.
  • Its MCP Server gives Claude and Copilot live AR data without system hopping.
  • Visa’s October 2026 pilot embeds Billtrust inside trusted agentic invoice payments.

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Funding

Total Funding

$561M

Above

Industry Average

Funded Over

8 Rounds

Buyout funding comparison data is currently unavailable. We're working to provide this information soon!
Buyout Funding Comparison Coming Soon

Benefits

  • Remote Work Options
  • Flexible Work Hours
  • Unlimited Paid Time Off
  • Sabbatical Leave
  • Paid Parental Leave
  • 401(k) Company Match
  • 401(k) Retirement Plan
  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Tech in Asia
Oct 21st, 2026
Visa pilots AI agent invoice payments with Bill and Billtrust

Visa launched a pilot on October 20 that lets AI agents complete approved invoice payments between buyer and supplier platforms. It is working with San Jose-based financial software company Bill and business-to-business (B2B) accounts receivable software provider Billtrust. The pilot uses Visa authentication tools and tokenised credentials. Approved AI agents can pay invoices without shared logins for supplier portals, which Billtrust runs. The companies said the pilot is already processing transactions for participating Bill buyers and Billtrust suppliers.

EQT Group
Sep 19th, 2026
EQT Private Equity to acquire Billtrust | EQT

EQT Billtrust Photo. The EQT X fund ( EQT Private Equity ) has signed a definitive merger agreement to acquire BTRS Holdings Inc.

PR Newswire
Jul 21st, 2026
Billtrust connects live AR intelligence to Claude and Microsoft Copilot via MCP Server

Billtrust has launched the first accounts receivable platform to connect live invoice-to-cash intelligence to AI assistants Claude and Microsoft Copilot via the Model Context Protocol. Finance teams can now query AR data using plain language directly within these AI tools, receiving instant answers about cash flow, invoice ageing, and payment risk without logging into separate platforms. The Billtrust MCP Server provides structured, read-only access across invoicing, payments, cash application, and AR analytics. Users can ask questions such as "Which accounts are trending late?" and receive ranked lists by outstanding balance and days past due. The system draws on Billtrust's payment intelligence network, which processes data from 13 million buyers and over $1 trillion in annual invoice volume. Future updates will enable users to take action directly within AI workspaces, including sending collections outreach and applying payments. Each customer's data remains isolated within their environment, with complete audit trails for all queries.

PR Newswire
May 5th, 2026
Billtrust launches AI-driven buyer payment portal and cash forecast tool for B2B AR teams

Billtrust has launched new AI-driven capabilities including a Buyer Payment Portal and Cash Forecasting tool designed to accelerate collections and improve cash flow visibility. The Nashville-based B2B accounts receivable software company also announced expanded payment controls and international payment options. The Buyer Payment Portal offers a self-service experience where buyers can view invoices, manage balances and make payments whilst receiving smart recommendations on payment timing based on supplier policies. The system highlights opportunities for early-pay discounts and surcharge avoidance. The Cash Forecast capability generates a self-updating 13-week AR cash forecast by analysing payment activity and invoicing data. An alert layer monitors buyer-level behavioural signals such as payment timing changes and Autopay enrollment shifts, enabling earlier liquidity planning decisions. Billtrust processes over $1 trillion in invoice dollars annually.

PR Newswire
Mar 3rd, 2026
Billtrust launches AI credit lines to help finance teams proactively defend against payment risk

Billtrust, a B2B accounts receivable software provider, has launched Agentic Credit Lines, an AI-powered tool that helps finance teams identify payment risks and make faster credit decisions. The capability analyses payment history, utilization patterns and external credit data using Billtrust's network of 13 million buyers and 25 years of payment intelligence. The system monitors over 80 data points in real time and generates risk scores for every buyer, flagging accounts that cross configurable thresholds. It provides prioritised account reviews and audit-ready credit limit recommendations with transparent rationale, enabling teams to address issues before they affect cash flow. Agentic Credit Lines is embedded in Billtrust's Credit Review workflow and maintains human oversight whilst scanning entire portfolios rather than just high-risk customers.

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