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Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Total Funding
$302.5M
Headquarters
Lawrence Township, New Jersey
Founded
2001
Billtrust specializes in automating accounts receivable (AR) processes for businesses. Its cloud-based software solutions help companies manage billing, invoicing, and payment processing more efficiently. The software includes features like configurable web stores for eCommerce, secure payment processing, and automated cash application systems. Billtrust stands out from competitors by focusing on the B2B market and offering a subscription-based model that includes transaction fees and additional services. The main goal of Billtrust is to improve cash flow for businesses, lower operational costs, and enhance customer satisfaction through effective AR management.
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Total Funding
$302.5M
Above
Industry Average
Funded Over
7 Rounds
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
Health Savings Account/Flexible Spending Account
Billtrust, a company developing a platform to automate the invoice-to-cash process, today announced that it agreed to be acquired by EQT, the Sweden-based private equity firm, for $1.7 billion in an all-cash deal. Approved by Billtrust’s board of directors, the transaction is expected to close in Q1 2023 subject to the green light from Billtrust’s shareholders and regulators. Shareholders will receive $9.50 per share in cash upon Billtrust’s transition to a private company, a 64% premium above the September 27 closing price of $5.77. The company’s stock has remained relatively steady in recent years, hitting a high of around $19 a share in February 2021 before bottoming out at $4.51 in June
LAWRENCEVILLE, N.J. & AMSTERDAM--(BUSINESS WIRE)--Billtrust (NASDAQ: BTRS) has acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, broadening its global presence.
Billtrust (NASDAQ: BTRS) has acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, broadening its global presence.
Salesforce held a virtual Dreamforce with an array of announcements, overshadowed by the massive acquisition of Slack. It also issued strong results and unveiled Einstein Automate and Hyperforce and provided even more news included below. Acquisitions continued with The Access Group picking up Abintegro. It was also a week when Sage announced two partnerships, Satago and GCPay (See below). Infor also issued a flurry of announcements including the launch of Infor Hospitality in China on AWS.
Thanksgiving lessened the news output from vendors and the holiday season is likely to put a further dampener on the news. However, there was still a flurry of interesting announcement and acquisition new. The biggest rumour of all being that Salesforce may acquire Slack.
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Industries
Fintech
Financial Services
Company Size
501-1,000
Company Stage
IPO
Total Funding
$302.5M
Headquarters
Lawrence Township, New Jersey
Founded
2001
Find jobs on Simplify and start your career today