Document Management
- Parent Category: ROOT
- Tuesday, 10 October 2017
- Published Date
- Written by The Progressive Accountant
Payments provider Bill.com has received $100 million in financing, in a round, led by JPMorgan Chase and Temase. Lead investors in each previous round also participated, bringing the amount the cloud software company has raised to more than $200 million, Bill.com said.
The funds will be used to accelerate Bill.com's distribution into banks and accounting firms, and to continue the 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, CEO and founder of Bill.com, said in a prepared statement.
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