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Bottomline
AcquiredPortsmouth, US · 2,979 employees on LinkedIn · 2 known investors
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Bottomline provides connected payment and cash management solutions for financial institutions and businesses globally, including AP automation, payouts, receivables automation, fraud detection, and digital banking capabilities. The company processes over $16 trillion in payments annually for nearly one million customers across 92 countries.
Also known as Bottomline Technologies
Founders & leadership
Investors · 2
Company profile
researched Aug 2026Bottomline (Bottomline Technologies) supplies software for business payments, cash management, payments connectivity and financial crime prevention to both corporates and financial institutions. Its product portfolio spans payments automation (accounts payable automation, including a version tailored to multifamily and commercial real estate, payouts automation, receivables automation, UK payments processing connected to the clearing networks, and a multi-bank Payments Hub), the Paymode business payments network, payments connectivity services (message transformation and enrichment, a message vault repository, ISO 20022 support), cash management (commercial digital banking and a global cash management hub covering liquidity, FX, financing and risk), and fraud and compliance tools such as Payments Fraud Defense, internal threat management, enterprise case management, sanctions screening, anti-money-laundering transaction monitoring, Confirmation of Payee and payments verification. Additional products include invoice automation for Microsoft Dynamics 365, eSignature and eCapture, on-demand forms with print automation, and PrecisionForms.
The company states it has operated for more than 35 years, moves more than $16 trillion in payments annually, and serves close to one million businesses and financial institutions across 92 countries, including 90 of the Fortune 100. It says more than half of UK Direct Debit and Direct Credit transactions are processed on its platforms and that it is a top-three Swift services provider. Bottomline is led by President and Chief Executive Officer Craig Saks and is a portfolio company of Thoma Bravo.
Historically, the company was founded in 1989 in Portsmouth, New Hampshire, by Daniel McGurl and James Loomis, initially to replace pre-cut paper checks with an electronic, automated system. It went public on NASDAQ about a decade later and was taken private by Thoma Bravo in 2022.
Founding story
Daniel McGurl, then at IBM, and James Loomis, previously of Nashua Corporation, founded Bottomline in 1989 in Portsmouth, New Hampshire, with the idea of using emerging technology to replace pre-cut paper checks with an electronic, automated payment system.
Business model
Bottomline licenses and delivers payments, cash management and fraud software—largely as SaaS and platform services—to two customer groups: banks and financial institutions, which use its commercial digital banking, cross-border and domestic payments and cash management products; and corporates, which use its AP, payouts, receivables, payments hub and fraud products. It also operates the Paymode B2B payments network, through which buyers pay suppliers digitally and can earn rebates on accounts payable spend, and offers partner arrangements giving third parties access to the network.
Revenue is generated from software and network-based payments services sold to businesses and financial institutions; Paymode's model includes rebate-generating premium ACH and virtual card payments on accounts payable spend. As a public company in fiscal 2016, Bottomline reported quarterly revenue of $86.2 million and $255 million over the first three quarters of that fiscal year.
Traction
Company-reported figures include more than $16 trillion in payments moved annually, roughly one million businesses using its solutions, over 600,000 verified businesses on the Paymode network, 442,000 corporates using its digital banking products, and $11.9 trillion in payments volume originated annually. Customer outcome claims include 60% of customers cutting AP costs by half or more and 80% of vendors saying Paymode enables faster payments. At its peak as a public company it employed up to 2,000 people worldwide.
Latest developments
In June 2026 Bottomline introduced CFO Suite, combining governed AI with end-to-end cash flow management, and was named a leader in the G2 Summer 2026 Grid Report for AP Automation. In July 2026 it announced stablecoin capabilities within CFO Suite for corporate finance and a partnership with American Express to expand B2B payment connectivity through Paymode. It also launched Payments Fraud Defense, a multi-layered AI-driven fraud platform for banks.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Bottomline positions itself as a global leader in business payments and cash management, citing a top-three ranking among Swift services provider, processing of more than half of UK Direct Debit/Direct Credit transactions, use by 90 of the Fortune 100, and analyst recognitions including leader placements for AP automation (G2 Summer 2026 Grid), AI-enabled treasury and risk management applications, insider risk management, and commercial cash management awards.
Bottomline emphasizes the combination of payments, cash management, treasury management and a B2B payments network in a single commercial digital banking platform, the scale and verification of the Paymode network, direct connectivity to UK clearing networks and Swift-related messaging services, and integrated multi-layered AI fraud defense.
Technology
The platform combines payment processing and clearing connectivity (including direct connections to UK clearing networks and Swift-related services), message transformation, enrichment and archiving for financial messaging standards such as ISO 20022, cash forecasting and reconciliation, and AI-driven fraud detection. Bottomline's Payments Fraud Defense is described as a multi-layered, AI-driven SaaS fraud platform intended to help banks detect fraud earlier and reduce false positives, and its CFO Suite brings together governed AI with end-to-end cash flow management, including stablecoin capabilities for corporate finance.
Go-to-market
Bottomline sells directly through a global sales organization with regionally segmented offerings for North America and UK/EMEA/APAC, and expands reach through strategic partnerships and network partners—for example a partnership with American Express to broaden B2B payment connectivity through Paymode, and an integration relationship with Coupa covering Coupa Pay and treasury.
Banks and other financial institutions seeking commercial digital banking, cross-border and domestic payments and cash management capabilities, and businesses of varying size that need to automate payables, payouts and receivables, centralize payments and control fraud risk. Named customer and partner references include Coupa, Frost Bank, Management Services Corporation and SPI.
Geography
Bottomline serves customers in 92 countries, with product lines organized for North America and UK/EMEA/APAC markets and multiple offices globally. It was headquartered in Portsmouth, New Hampshire, in a 100,000-square-foot facility at the Pease International Tradeport; after the Thoma Bravo acquisition the company moved to about 12,000 square feet at 100 International Drive nearby.
History
Founded in 1989, Bottomline grew into a supplier of automated business payments and cash management systems to corporations, insurers, law firms and banks. Loomis, as vice president and CFO, helped take the company public on NASDAQ roughly a decade after founding, with shares opening at $19. He stepped down as CFO in 2000 and remained a director until 2016; McGurl was CEO for the company's first 13 years and board chairman until 2007, also leaving the board in 2016 during a "board refresh" that added Peter Gibson and Benjamin Robinson III as directors. In 2022 Bottomline was taken private by Thoma Bravo in a $2.6 billion transaction; its final public statement before going private showed $795 million in assets (including $118 million in cash), $379 million in liabilities and $417 million in stockholders' equity. Co-founder Jim Loomis died on Sept. 6, 2025, at age 75.
Risks & controversies
As a public company, Bottomline reported net losses, including a quarterly loss of $4.2 million (11 cents per share) disclosed in federal filings in May 2016, an improvement on a $7.8 million loss in the year-earlier quarter. Following the Thoma Bravo acquisition, the company substantially reduced its Portsmouth, New Hampshire headquarters footprint from about 100,000 square feet to roughly 12,000 square feet.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 9
launches, deals, and filingsJames 'Jim' Loomis, who co-founded Bottomline in 1989 with Daniel McGurl and served as vice president and CFO through the company's NASDAQ listing, died in Dover, New Hampshire.
Bottomline was sold to private equity firm Thoma Bravo for $2.6 billion and taken private; it remains a Thoma Bravo portfolio company.
$2.6B source ↗
Thoma Bravo moved Bottomline from its 100,000-square-foot headquarters on Corporate Drive at the Pease International Tradeport in Portsmouth, NH, to about 12,000 square feet at 100 International Drive nearby.
Co-founders Daniel McGurl and James Loomis gave up their board seats; Peter Gibson (CEO of Knowledge Group) and Benjamin Robinson III (SVP and chief administrative officer of Prudential Financial) were named as replacements.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Bottomlinebottomline.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Bottomline do?
- Bottomline is a business payments and cash management software provider, owned by Thoma Bravo, serving banks and companies in 92 countries.
- Who are Bottomline's investors?
- Bottomline's investors include Thoma Bravo, Slater Technology Fund.
- Where is Bottomline headquartered?
- Bottomline is headquartered in Portsmouth, US.