Bill.com
| Company type | Public |
|---|---|
| Industry | Financial technology |
| Founded | April 2006 |
| Founder | René Lacerte |
| Headquarters | San Jose, California , United States |
Area served | United States |
Key people | René Lacerte (Founder) |
| Products | Bill.com Connect, expense management software, invoicing platform |
BILL Holdings, Inc. is an American enterprise headquartered in San Jose, California, specializing in cloud-based automation software for financial operations tailored to U.S. small businesses.[1]Cite error: The opening <ref> tag is malformed or has a bad name[2] Its payments automation solution, Bill.com Connect, is offered as a white-label product and seamlessly integrates with single sign-on systems used by financial institutions within their online business banking platforms.[1]
2004–2010
Bill.com was established in April 2006 under the original name Cashboard, Inc. by René Lacerte, who had previously served as CEO and co-founder of PayCycle, an online payroll company, before departing from that role in 2004.[3] The firm’s core offerings center on cloud-enabled bill payment and bookkeeping tools designed for small business users. Initial funding was provided by investors such as August Capital and DCM Ventures.[3]
2019–2025
In October 2019, Bill.com introduced enhancements to its platform that automated both AP and AR processes.
The company went public with its initial public offering (IPO) on the New York Stock Exchange in December 2019. Shortly thereafter, in early 2020, Bill.com moved its main office from Palo Alto to San Jose, California.
June 2021 marked Bill.com’s acquisition of Divvy for $2.5 billion, combining expense management software with corporate smart card technology to advance financial solutions for small businesses. Later that September, the company broadened its AR capabilities by purchasing Invoice2go for $625 million, focusing on a mobile-first invoicing platform aimed at sole proprietors.
By 2025, activist investors had increased their stakes in Bill Holdings. Hedge fund Elliott Management acquired an approximate 5% ownership, while Starboard Value held about 8.5% and pushed for changes within the board. Early that year, agreements resulted in appointing independent directors from Autodesk and Kenvue to Bill’s board. In September 2025, Starboard nominated four candidates for director positions; four out of twelve board seats were contested at the annual shareholder meeting. At this time, BILL Holdings’ market capitalization was close to $5 billion.
External links
- 2006 establishments in California
- Companies based in San Jose, California
- Companies in the S&P 400
- Companies listed on the New York Stock Exchange
- American companies established in 2006
- Financial services companies established in 2006
- Online financial services companies of the United States
- Electronic funds transfer
- Payment service providers
- 2019 initial public offerings