Bill.com

Bill.com
Name	Bill.com
Type	Public
Founded	2006
Founders	Rajeev Goel; René Lacerte; Michael Brock
Headquarters	San Jose, California, United States
Industry	Financial technology
Products	Cloud-based accounts payable, accounts receivable, payments automation
Ticker	BILL

Bill.com is a publicly traded financial technology company that provides cloud-based accounts payable and accounts receivable automation for small and midsize enterprises. Founded in 2006 and headquartered in San Jose, California, the company serves businesses, accounting firms, and payment processors through software that connects with accounting platforms and banking networks. Bill.com has been involved with prominent investors, strategic partners, and regulatory developments affecting electronic payments.

History

Bill.com was founded in 2006 by Rajeev Goel, René Lacerte, and Michael Brock during a period of rapid growth in financial technology and software-as-a-service markets. Early financing rounds included participation from venture firms and angel investors active in Silicon Valley and the San Francisco Bay Area. The company expanded its product set through organic development and acquisitions, aligning with trends driven by the rise of mobile platforms and cloud computing adopted by firms such as Intuit, Microsoft, and Oracle Corporation. Bill.com's trajectory included an initial public offering on the New York Stock Exchange under the ticker BILL, amid contemporaneous listings from other fintech firms and software companies. Executive leadership and board members have included individuals with prior experience at firms like PayPal, Square (company), and legacy financial institutions, helping to position the company in conversations involving Federal Reserve System policy on payments, Office of the Comptroller of the Currency guidance, and U.S. securities regulation.

Products and Services

Bill.com offers cloud-native solutions aimed at automating invoice capture, approval workflows, payment initiation, and reconciliation. Core offerings integrate accounts payable and accounts receivable features comparable to modules from Sage Group, Xero, and QuickBooks. The platform supports payment rails such as Automated Clearing House (ACH) and check issuance, and it connects to treasury and banking services offered by institutions including JPMorgan Chase, Wells Fargo, and other commercial banks. Bill.com also provides tools tailored for accounting firms and certified public accountants who work with clients using services from Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers.

Technology and Integrations

Bill.com’s architecture leverages cloud infrastructure, APIs, and optical character recognition to extract invoice data and route transactions. Integrations exist with major accounting platforms such as QuickBooks Online, NetSuite, Sage Intacct, and Xero, enabling synchronization of ledger entries, vendor records, and payment statuses. The company partners with payment processors and gateways, and its API ecosystem allows software vendors and independent software vendors to build complementary solutions similar to integrations seen with Stripe, Square (company), and Adyen. Technology partners in financial data and identity verification include firms that align with standards from organizations like the PCI Security Standards Council and banking networks overseen by the Federal Reserve System.

Business Model and Financials

Bill.com generates revenue from subscription fees, transaction fees, and value-added services sold to small and midsize enterprises and accounting firms. The company’s financial reporting to the U.S. Securities and Exchange Commission includes metrics such as annual recurring revenue, gross payment volume, and net dollar retention that investors and analysts compare with peers in the fintech and enterprise software sectors, including Intuit, Square (company), PayPal, and Coupa Software. Capital markets activity around the firm has included public equity issuance, secondary offerings, and investor communications engaging asset managers and institutional shareholders like large mutual funds and index providers. Financial performance and guidance are influenced by macroeconomic factors monitored by entities such as the Federal Reserve System and regulatory developments from the U.S. Securities and Exchange Commission.

Security and Compliance

Bill.com maintains controls and certifications to meet industry standards for information security and payments compliance. The company adheres to requirements related to payment processing and data protection that involve guidance from the PCI Security Standards Council, banking regulators including the Office of the Comptroller of the Currency, and auditing frameworks used by the Public Company Accounting Oversight Board. Security measures include encryption, access controls, and fraud detection systems, while compliance efforts intersect with anti-money laundering and know-your-customer expectations administered in part through relationships with regulated banking partners and payment processors.

Market Position and Competitors

Bill.com operates in a competitive landscape that includes established accounting software vendors, payments companies, and specialized spend management platforms. Notable competitors and comparable offerings include Intuit, Square (company), PayPal, Coupa Software, Tipalti, AP Automation vendors, and firms providing enterprise resource planning such as Oracle Corporation and SAP SE. Market dynamics are shaped by adoption trends among small business owners, accounting firms, venture and public market valuations, and strategic partnerships with banks, payments networks, and systems integrators. Bill.com's positioning emphasizes automation and integration with the ecosystems used by bookkeepers, controllers, and finance teams across industries.

Category:Financial technology companies Category:Companies listed on the New York Stock Exchange