BILL Holdings Investor Relations Material

Bill.com is a financial technology company that provides cloud-based software solutions for businesses to automate their accounts payable and accounts receivable processes.

The company's software integrates with popular accounting software and financial institutions to help businesses streamline their financial operations. Some of Bill’s competitors are  AvidXchange and Expensify.

Bill.com operates through two main business segments: Subscription and Transaction Fees. The Subscription segment provides access to the company's software and related services, while the Transaction Fees segment generates revenue from payment processing and related services.

Bill.com was founded in 2006 and is headquartered in San Jose, California. The company serves over 400,000 customers and processed over $100 billion in payments in the fiscal year 2021.

Bill.com has also entered into partnerships with major financial institutions, including American Express and Bank of America, to expand its reach and capabilities.

An interesting fact about Bill.com is that the company recently acquired Divvy, a spend management platform for businesses, in a deal worth $2.5 billion.