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Founded Year

2006

Stage

IPO | IPO

Total Raised

$310.6M

Date of IPO

12/12/2019

Market Cap

6.68B

Stock Price

63.05

About BILL

BILL (NYSE: BILL) is a financial operations platform for businesses. It provides a range of solutions such as accounts payable, accounts receivable, invoicing, expense management, budget management, and more. It serves industries such as construction, education, healthcare, and more. The company was founded in 2006 and is based in San Jose, California.

Headquarters Location

6220 America Center Drive Suite 100

San Jose, California, 95002,

United States

650-621-7700

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ESPs containing BILL

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

The invoice payment automation market aims to automate various tasks involved in invoice processing and payment, such as invoice capture, approval workflows, and payment execution. Solutions in this market use technologies like optical character recognition (OCR) and machine learning to extract relevant data from invoices, validate them against predefined rules, and automate the payment approval a…

BILL named as Leader among 15 other companies, including Coupa, Bottomline, and Tipalti.

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Expert Collections containing BILL

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BILL is included in 6 Expert Collections, including SMB Fintech.

S

SMB Fintech

2,003 items

P

Payments

2,821 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech 100

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

T

Tech IPO Pipeline

286 items

F

Fintech

8,122 items

Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

S

Silicon Valley Bank's Fintech Network

88 items

We mapped out some of SVB's biggest clients, partnerships, and sectors that it serves using CB Insights’ business relationship data from SVB’s profile to uncover just how important it is to the fintech universe. The list is not exhaustive.

BILL Patents

BILL has filed 36 patents.

The 3 most popular patent topics include:

  • artificial neural networks
  • rotating disc computer storage media
  • banking technology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/12/2021

2/20/2024

Firearm components, Pictish stones, Firearm actions, Firearm terminology, Hardware testing

Grant

Application Date

1/12/2021

Grant Date

2/20/2024

Title

Related Topics

Firearm components, Pictish stones, Firearm actions, Firearm terminology, Hardware testing

Status

Grant

Latest BILL News

Hospitals in Ottawa region 'underwater financially' in 2023 now looking warily to future

Feb 16, 2024

Article content Hospitals across Ottawa incurred a total of about $65 million in debt during the 2022-2023 fiscal year, and many are expecting the precarious state of hospital finances to continue as costs increase and pressures mount. Those deficits ranged from just over $29 million at The Ottawa Hospital, to $11.2 million at CHEO, $8.5 at Montfort Hospital and $5.3 million at Queensway Carleton Hospital for the fiscal year ending in March 2023. In addition, Bruyère Continuing Care ended the year with a $6.1 million deficit and Royal Ottawa Health Care, which runs the Royal Ottawa Mental Health Centre, ended the year with a deficit of $4.7 million. Each of those hospitals had a surplus a year earlier. Advertisement 2 Article content Article content In Ottawa, only the University of Ottawa Heart Institute was in the black at the end of the 2022-2023 fiscal year, with a surplus of just over $5 million. Hospitals are required by law to balance their budgets. They must receive special permission from the province to carry a deficit. Ottawa hospitals are far from alone. Across Ontario, more than half of the 140 hospitals posted a deficit in the fiscal year that ended in March 2023. The current situation is considered extremely rare, if not unprecedented. For some rural hospitals, that marked the second year in a row they had posted a deficit. That included hospitals in Carleton Place, Kemptville, Almonte, Winchester and Perth. Many rural hospitals are hit hard by staff shortages and rely heavily on more expensive agency nurses, among other issues. Bill 124 Most hospitals point to the impact of the province’s Bill 124 as a key factor in their deficits. When the Ontario government’s public sector wage constraint legislation, Bill 124, was declared unconstitutional , hospitals were required to pay billions in retroactive salary increases to staff. Some hospitals had to take out high-interest loans or use lines of credit to do so. Most are projecting deficits for the current fiscal year, which ends in March, but that will likely change with repayments from the Ontario government. Advertisement 3 Article content The province, which now says it will repeal the contentious bill, has partially repaid hospitals for those retroactive payouts. It is expected to further reimburse hospitals in the coming weeks, although details remain murky. That means many hospitals could end this fiscal year with a surplus — because they will receive a lump sum of money for debt incurred a year earlier. But that only clouds the worrisome financial picture, say sources. Without significant change, many hospitals could see even larger deficits the following year if there is no broader restructuring of the way hospitals are funded. Additional financial pressures The financial pressures facing hospitals also go beyond Bill 124. The situation is leaving hospital officials and hospital board members uneasy and uncertain about the future, which makes it difficult to plan for the future, or even purchase needed equipment. Natasha Curley, a spokesperson for Queensway Carleton Hospital, said deficits impact the hospital’s cash flow, “our ability to buy needed equipment, our ability to expand services and our ability to plan for the future.” Advertisement 4 Article content In its 2022-2023 financial statements, Queensway Carleton Hospital noted that its liquidity risk has increased “due to the effect of operating losses.” It said it will need “sufficient and timely funding from the Ministry of Health to fulfill its obligations on a timely basis and at a reasonable cost.” Changes in salary have a significant impact on hospital budgets, said Curley, but other factors are in play as well: “We are seeing a larger volume of patients as well as inflation in the cost of drugs, supplies and services. So, not only has the price increased, but so has the quantity needed.” Queensway Carleton Hospital. Photo by Julie Oliver /Postmedia Although hospital officials are generally reluctant to talk on the record about the ongoing financial stresses they are facing, the head of the Ontario Hospital Association has said the situation is leaving hospital board members, who are required to balance budgets, in an uncomfortable situation. The association has urged hospitals to be patient while it continues to negotiate with the province over funding gaps. Signs of the pressure hospitals are under show up in minutes of some hospital board meetings. Advertisement 5 Article content “Unfortunately, the hospital is still underwater financially,” is one recorded in the minutes of an October meeting of the board of directors of Perth and Smiths Falls District Hospital. The hospital posted a $6.056 million deficit at the end of the 2022-2023 fiscal year. Other minutes from meetings of the Perth and Smiths Falls District Hospital board last year refer to the need for bridge financing at a fixed rate of six per cent “to allow the bills to be paid.” The minutes also contain reports of surgeries being cancelled, bed shortages and staffing challenges, as well as the need to spend on capital projects such as phones and information technology even if that requires deficit financing. At Pembroke Regional Hospital, which posted a deficit of more than $5 million for the 2022-2023 fiscal year, hospital board trustees asked if there were any risks to the board for posting “a deficit of this amount”. According to minutes of the board’s May 24, 2023 meeting, board members were told other boards were asking similar questions and they were following the direction of the Ontario Hospital Association and waiting to hear from the province for more clarity. Advertisement 6 Article content In Ottawa, meanwhile, hospital officials said they are working with the Ministry of Health and waiting for details about funding to cover unfunded retroactive wage increases. Montfort Hospital CEO Dominic Giroux said the majority of the hospital’s $8.5 million deficit was due to the impact of retroactive compensation increases following the court decision invalidating Bill 124, as well as increased overtime costs. Montfort was projecting a larger deficit in 2023-2024, said Giroux in a statement. Like other hospitals, it is waiting to hear about provincial funding for retroactive wage increases and unfunded wage increases for next year. CHEO CEO Alex Munter said the regional children’s hospital continues to face a demand that outpaces capacity “like other hospitals in Ontario.” He said CHEO is also awaiting the funding decision on Bill 124, “which will also impact our financial outlook significantly.” The Ottawa Hospital said it is working closely with the Ministry of Health “to close out the financial position for fiscal 23/24” and to determine the hospital’s budget plan for 2024/2025. Recommended from Editorial

BILL Frequently Asked Questions (FAQ)

  • When was BILL founded?

    BILL was founded in 2006.

  • Where is BILL's headquarters?

    BILL's headquarters is located at 6220 America Center Drive, San Jose.

  • What is BILL's latest funding round?

    BILL's latest funding round is IPO.

  • How much did BILL raise?

    BILL raised a total of $310.6M.

  • Who are the investors of BILL?

    Investors of BILL include Temasek, Kayne Anderson Rudnick, Cross Creek, Fidelity Investments Canada, Mastercard and 22 more.

  • Who are BILL's competitors?

    Competitors of BILL include Cforia Software, Wingspan, Stampli, Silverfin, Pocketbook and 7 more.

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Compare BILL to Competitors

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Billtrust

Billtrust (NASDAQ: BTRS) provides automated order-to-cash solutions. It offers cash application solutions, e-commerce, invoicing, payments, and more. The company serves transportation, machinery, distribution, manufacturing, medical equipment, technology, legal, and staffing industries. The company was founded in 2001 and is based in Lawrenceville, New Jersey.

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Kyriba

Kyriba is a company that focuses on enterprise liquidity management in the financial services sector. The company offers a range of services including treasury management, risk management, payments processing, and working capital management, all aimed at enabling real-time, intelligent enterprise liquidity decisions. Kyriba primarily serves sectors such as retail, financial services, higher education, healthcare, and manufacturing. It was founded in 2000 and is based in San Diego, California.

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ContaAzul offers software-as-a-service accounting and invoicing solutions for small businesses. Its services include quotes by email, contract management, sales management, electronic invoice management, and more. It was founded in 2012 and is based in Joinville, Brazil.

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Dext

Dext develops and provides bookkeeping automation software. It creates software to automate accounting processes such as the collection of receipts and invoices for small businesses. Dext was formerly known as Receipt Bank. It was founded in 2010 and is based in London, United Kingdom.

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Bench

Bench provides digital bookkeeping and tax filing platform for small businesses. The company offers a wide range of services such as monthly bookkeeping, tax advisory, customized bookkeeping plans, and more. It was formerly known as 10Sheet. It was founded in 2012 and is based in Vancouver, Canada.

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