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Bill.com Holdings, Inc.

NYSE: BILL

San Jose, US · Delaware corporation · 3,178 employees on LinkedIn · 13 known investors

Find your way into Bill.com Holdings, Inc.

438 people in our graph share verified history with the Bill.com Holdings, Inc. team — schools, employers, funds. One of them is your warm intro.

Mike Volpiunlockedknows René Lacerte · together at Stanford University (overlapped)
×10knows the team · via Stanford University
knows the team · via Obvious Ventures

BILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.

Also known as BILL · Bill.com

AI & Machine LearningEnterprise SoftwareFintechSaaS

Founders & leadership

RARene A. Lacerte
Rene A. LacerteinCo-founderRene Lacerte has spent more than 20 years building financial software companies focused on serving small and midsize businesses, including from the early days of online bill pay through recent developments in AI-driven automation. He serves as Executive Officer and Director of Bill.com Holdings, Inc., which operates a financial operations platform processing over $345 billion in annual payment volume.
RLRené Lacerte
René LacerteinFounderRené Lacerte is the founder of BILL (Bill.com Holdings, Inc.), a financial operations platform that automates accounts payable, receivables, and spend management for small and midsize businesses. He has spent over 20 years building companies serving SMBs, spanning early online bill pay through AI-driven tools.
BC
Bora ChunginExecutive
TJThomas J. Clayton
Thomas J. ClaytoninExecutive
JRJohn R. Rettig
John R. RettiginExecutive
RA
Rajesh A. AjiExecutive

Board

SP
Steven PiakerBoard director
BJBrian Jacobs
Brian Jacobsin𝕏Board directorVenture Capitalist Emergence, Moai Capital at AIF
RO
Rory O'DriscollBoard director
SF
Stephen FisherBoard director
CT
Colleen TaylorBoard director
AM
Allison MnookinBoard director

Investors · 13

August CapitalSan Francisco Bay Area · $1M – $15Mvia David Hornik · board
BYU Cougar CapitalProvo
Commerce VenturesSan Francisco · $1M – $5M
coreteq venturesPrague
Cross Creek AdvisorsSalt Lake City
DCM VenturesMenlo Park · $250K – $15M
Emergence Capital PartnersSan Francisco · $500K – $10M
Icon VenturesPalo Alto · $6M – $12M
ICONIQSan Francisco
Lobby CapitalPalo Alto
Moai CapitalSan Mateo · $25K – $100Kvia Brian Jacobs · inferred
Scale Venture PartnersSan Francisco · $5M – $25M
TTV CapitalreportedAtlanta · $250K – $7M

Reported raises · per SEC filings

Form D private placements

$1.7B disclosed across 1 round · 2021

▶$1.7BraisedJun 2021 · 262 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Stephen FisherDirector
  • Rene A. LacerteExecutive Officer, Director
  • Steven PiakerDirector
  • Bora ChungExecutive Officer
  • Colleen TaylorDirector
  • Allison MnookinDirector
  • Thomas J. ClaytonExecutive Officer
  • John R. RettigExecutive Officer
  • Brian JacobsDirector
  • Rory O'DriscollDirector
  • Rajesh A. AjiExecutive Officer
  • Katherine M. A. KlineDirector
  • Peter KightDirector
  • David HornikDirector
  • Steven CakebreadDirector
Offering amount
$1.7B
Amount sold
$1.7B
First sale
Jun 2021
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Bill.com Holdings, Inc., which markets itself as BILL, operates a financial operations platform for businesses and accounting firms. The platform combines accounts payable and accounts receivable automation, spend and expense management, and access to business credit within a single login. Core accounts payable capabilities include importing bill information, automated vendor payments, flat-fee ACH, and approval workflows that route bills according to company policies, with payment options spanning ACH, check, card, and international transfers.

The spend and expense product pairs software for budget setting, funds requests, and spend tracking with the BILL Divvy Card, powered by Visa and issued by bank partners of Divvy Pay, LLC, and offers credit lines advertised in a $1,000 to $5 million range subject to application approval. The platform provides two-way synchronization with accounting systems including QuickBooks, NetSuite, and Sage Intacct, and an aggregated cash flow task list. BILL states that artificial intelligence is applied across the platform to reduce manual work and errors and to improve expense accuracy.

Business model

BILL sells software for automating bill creation and payment, invoicing, expense management, and budget controls, alongside payment execution (ACH, check, card, international transfers) and business credit products including company cards issued through bank partners of Divvy Pay, LLC, with rewards on eligible spend.

Traction

As of June 30, 2025, BILL reported more than 500,000 businesses using the platform, 8.3 million network members that pay or get paid via BILL, and approximately $345 billion in annual total payment volume, which it characterizes as roughly 1% of US GDP. A March 2022 UserEvidence survey of 127 BILL Spend & Expense users reported average monthly savings of over $10,000 and 12 hours saved per month. Published customer examples include Clif Family Winery, Bear Robotics, Generation Teach, Bare Bones, Golden Ratio, and Wag.

Latest developments

BILL publishes research including a 2026 State of AI in Finance report and a 2026 Financial Impact Report, and states that 70% of surveyed finance leaders find company growth easier to manage with BILL.

▸Full profile — market position, technology, go-to-market

Market position

BILL positions itself as a unified platform spanning accounts payable, accounts receivable, and spend and expense management, with a large payment network and a substantial accountant partner channel.

Technology

The platform applies AI to AP automation (bill creation, error reduction, approval routing) and to expense accuracy in spend management, and integrates bidirectionally with accounting software such as QuickBooks, NetSuite, and Sage Intacct.

Go-to-market

BILL markets directly to businesses through demo requests with sales experts and self-service onboarding, and indirectly through an Accountant Partner Program under which accounting firms offer client bill pay and spend and expense management services.

Small and mid-sized businesses seeking to automate payables, receivables, and spend management, and accounting firms that serve such businesses; the company reports more than 9,500 accounting firms as partners.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Accounting firm partnersJan 20259,500 firms
Annual total payment volumeJun 2025$345B
Average monthly hours saved by surveyed usersMar 202212 hours per month
Average monthly savings reported by surveyed Spend & Expense usersMar 2022$10K
Businesses on platformJun 2025500,000 businesses
HeadcountAug 20263,178
Network membersJun 20258,300,000 members

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 10

by search overlap
Intuit®25595 shared keywordsIntuit develops financial software products—including TurboTax, Credit Karma, QuickBooks, and Mailchimp—for consumers and small businesses to manage taxes, credit, accounting, and marketing. It serves approximately 100 million customers worldwide.
Corporatefinanceinstitute24484 shared keywordsCorporate Finance Institute offers an online specialization program teaching finance professionals how to integrate environmental, social, and governance (ESG) factors into financial analysis, valuation, and investment decision-making. The program covers ESG frameworks, sustainability integration, greenhouse gas accounting, and climate risk management across eight core courses.
Ramp21581 shared keywordsRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.
GoCardless17485 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
Stripe17026 shared keywordsStripe provides financial infrastructure for businesses to accept payments, offer financial services, and implement custom revenue models across international markets in 135+ currencies.
Tipalti16734 shared keywordsTipalti is an AI-powered finance automation platform that automates accounts payable, mass payments, procurement, and employee expenses for growing companies. The platform serves businesses seeking to streamline financial operations and reduce manual finance tasks.
Fresh Books16665 shared keywordsFreshBooks is a cloud-based accounting and invoicing platform designed for small service-based businesses. The software helps business owners manage invoicing, accounting, and financial connections with customers.
Wise15717 shared keywordsWise is a financial platform offering international money transfers, multi-currency accounts, and debit cards with low fees and competitive exchange rates, serving millions of users globally.
Highradius13206 shared keywordsHighRadius provides software for order-to-cash and treasury finance operations, including credit, collections, deductions, cash application, and invoicing and payments automation. It serves large enterprises and Fortune 1000 companies looking to improve financial performance metrics such as Days Sales Outstanding.
Xero11920 shared keywordsXero provides cloud-based accounting software for small businesses and their advisors, serving around 5 million customers across 180+ countries including Australia, the UK, the US, and New Zealand. The page is an investor relations section covering financial results, annual reports, and shareholder information.

Companies competing with Bill.com Holdings, Inc. for the same Google search keywords, organic and paid, via search-intersection analysis.

Acquisitions · 1

Early investors' stakes continue via these deals
Finmark

Finmark was a financial planning and modeling software startup that helped startups and SMBs build financial models, forecast cash flow, and plan budgets without spreadsheets. Acquired by BILL in 2022.

Legal entities · 1

corporate structure
Bill.com Holdings, Inc.Delaware

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▸Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Bill.com Holdings, Inc. do?
BILL is an AI-enabled financial operations platform for accounts payable, receivable, and spend and expense management.
Who founded Bill.com Holdings, Inc.?
Bill.com Holdings, Inc. was founded by Rene A. Lacerte, René Lacerte.
Who are Bill.com Holdings, Inc.'s investors?
Bill.com Holdings, Inc.'s investors include August Capital, BYU Cougar Capital, Commerce Ventures, coreteq ventures, Cross Creek Advisors, DCM Ventures, Emergence Capital Partners, Icon Ventures and 5 more.
How much funding has Bill.com Holdings, Inc. raised?
Bill.com Holdings, Inc. has disclosed $1.7B raised across 1 round.
Where is Bill.com Holdings, Inc. headquartered?
Bill.com Holdings, Inc. is headquartered in San Jose, US.