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Bill.com To Acquire Accounts Receivable Software Firm Invoice2go For $625M

Cloud-based software provider Bill.com Holdings Inc (NYSE:BILL) inked an agreement to acquire Invoice2go in a stock and cash transaction valued at $625…
byAnusuya Lahiri
July 19, 2021
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  • Cloud-based software provider Bill.com Holdings Inc (NYSE:BILL) inked an agreement to acquire Invoice2go in a stock and cash transaction valued at $625 million. 
  • The company will offer 75% of the purchase price in stock and the remaining in cash.
  • Invoice2go is a mobile-first accounts receivable (AR) software provider that empowers small businesses and freelancers to grow their client base, manage invoicing and payments, build their brand, and much more. 
  • Bill.com’s payments expertise and go-to-market capabilities combined with Invoice2go’s product capabilities can make it even easier for businesses to get paid quickly and electronically. 
  • Bill.com’s payments platform and broad market reach with Invoice2go’s deep AR expertise provide a unique opportunity to offer SMBs and freelancers a powerful platform to streamline their day-to-day financial operations and control their cash flow.
  • Bill.com held $1.7 billion in cash and equivalents as of Mar. 31.
  • Price action: BILL shares traded lower by 0.7% at $180.73 on the last check Monday.
 
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