BILL Holdings Inc BILL

Bill.com Holdings Inc is a software application and technology firm headquartered in Palo Alto in California's Silicon Valley. The company caters primarily to the financial sector, and it was set up in 2006. It operates around the globe.

Bill.com Holdings Inc primarily provides services to the financial industry, working for both small and medium-sized firms. Its software packages automate what are known as ‘back-office financial’ tasks, which include cash flow management and monitoring of accounts. Its platform allows users to easily perform document and bill management. It has its own sales team but also makes sales via other routes, such as accountants and software providers.

Stock for Bill.com Holdings is listed on the NYSE under the ticker BILL. BILL went public in late 2019, selling over 9.82 million shares and raising approximately $216 million from their IPO. On 1 June 2021, Bill.com acquired Divvy, a leader in spend management, in a cash and stock deal worth approximately $2.5bn. The Divvy software forms part of an expanded solution that supports businesses in transforming their financial operations. On 1 September 2021, the company acquired Invoice2Go, a mobile-first accounts receivable software provider.

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