Acquired by EQT
Industries Financial ServicesFinTechPaymentsSoftwareHeadquarters Regions East Coast, Northeastern US Founded Date 2001 Founders Flint Lane Operating Status Active Last Funding Type Post-IPO Equity Also Known As Factor Systems Legal Name Factor Systems, Inc.
Stock Symbol NASDAQ:BTRS Company Type For Profit
Contact Email sales@billtrust.com Phone Number 888-580-2455
Billtrust is a provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. Accounts receivable (AR) is broken and relies on conventional processes that are outdated, inefficient, manual and largely paper-based. Billtrust is at the forefront of the digital transformation of AR, providing
mission-critical solutions that span credit decisioning and monitoring, online ordering, invoicing, cash application and collections. Billtrust's solutions integrate with a number of ecosystem players, including financial institutions, enterprise resource planning (ERP) systems, and accounts payable (AP) software platforms, to help customers recognize revenue more quickly and efficiently. Customers use Billtrust's platform to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments, which accelerates revenue capture, generates cost savings, and provides a better user experience.
Transaction Name Billtrust acquired by EQTAcquired by EQTAnnounced Date Sep 28, 2022 Price $1.7B