- CEO
- Rene A. Lacerte
- Full Time Employees
- 1,683
- Sector
- Technology
- Industry
- Software - Application
- Address
- 6220 America Center Drive San Jose CA United States of America 95002
- IPO Date
- Dec 12, 2019
- Business
- BILL Holdings, Inc. (NYSE: BILL) provides an AI-powered financial operations platform that simplifies, digitizes, and automates back-office financial processes for small and midsize businesses (SMBs), accounting firms, and financial institutions worldwide. The company offers cloud-based software-as-a-service solutions including accounts payable (AP) automation with AI-enhanced invoice capture, approval workflows, and digital payment processing via ACH, checks, and virtual cards; accounts receivable (AR) automation featuring invoicing, electronic payment acceptance, automated reminders, and reconciliation tools; spend and expense management through BILL Divvy Card powered by Visa, budget controls, reimbursements, and rewards; and integrations with leading accounting systems such as QuickBooks, Sage Intacct, Oracle NetSuite, Microsoft Dynamics, and Xero. BILL also delivers BILL Connect, a white-labeled end-to-end payments automation platform for financial institutions' online business banking ecosystems, along with AI-driven features like the BILL Assistant for personalized recommendations and task execution.
Founded in 2006 by René Lacerte and headquartered in San Jose, California, BILL primarily serves the U.S. market with a network exceeding 8 million members, processing approximately 1% of U.S. GDP annually through nearly half a million businesses and over 9,000 accounting firms as of late 2025. The platform targets SMBs in the Fortune 5 Million segment, enabling seamless connections between businesses, suppliers, and customers while eliminating paper checks, expense reports, and manual workflows to improve cash flow management and operational efficiency.
In recent developments, BILL launched BILL AI in October 2025, introducing autonomous AI agents such as the W-9 Agent for collecting and validating forms, Reconciliation Agent for receipt matching, agentic-powered onboarding for Spend & Expense, and enhanced BILL Assistant capabilities to enable touchless B2B transactions and reduce back-office friction. The company announced three marquee Embed 2.0 partnerships in fiscal Q1 2026 with NetSuite, Paychex, and Acumatica to expand platform reach through financial institution and software integrations. Additionally, BILL closed a $1.4 billion offering of 0% Convertible Senior Notes due 2030 in December 2024, utilizing proceeds for repurchasing existing notes, common stock buybacks, and general corporate purposes including potential acquisitions; it also initiated a new $300 million share repurchase program reflecting strong cash flow generation.