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Description Valuation Traction Price Traction Signals

v.1.02

Founded in Aug 2006
2.42 Smart Score
0.0
+4

Bill

Verified

Bill.com is a leading provider of cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses. Customers come from all industries, ranging from startups to established brands and nonprofits to franchises.

The company's cash flow management software helps businesses connect and do business by saving them more than 50 percent of the time typically spent on financial back-office operations, enabling business and finance professionals to consolidate and automate their payments processes for accounts payable, accounts receivable and cash flow management tasks.

Recent research shows that 90% percent of surveyed U.S. businesses still rely on paper checks and other manual processes. Issues like long approval cycles and missing information on invoices are the leading cause of payment delays and missed discounts. It's a time-consuming, inefficient, and costly way to work. Bill.com has been helping businesses streamline their financial workflow, generate and process invoices, streamline approvals, send and receive payments, sync with their accounting system, and manage their cash. As a result, the company are central to accounts payable and accounts receivable operations for businesses.

The company on the mission - is to make it simple to connect and do business. Today, over 81,000 customers trust Bill's platform to manage their financial workflows and process their payments, which totaled over $70 billion for fiscal 2019, and nearly $22 billion for the three months ended September 30, 2019.

As of June 30, 2019, Bill.com had over 1.8 million network members. Leadership define network members as our customers plus their suppliers and clients with accounts on the platform. Bill's network members entrust us with their bank account details, enabling them to connect, invoice, pay, and get paid electronically.

The company reported (based on the S1 form) a loss of $7.3 million on revenue of $108.4 million in the year ended June 30, 2019, compared with a loss of $7.2 million on revenue of $64.9 million in the previous fiscal year. It has built up a network of more than three million members paying and getting paid with its technology and manages more than $60 billion in annual payment volume.

IPO Bookrunners - Goldman Sachs - BofA Securities - Jefferies

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Bill Valuation chart

Valuation Table

RoundPost-ValAmountPrice
Series A $0 $2.11M $0
Series B $0 $15.94M $0
Series C $0 $8.5M $0
Series D $0 $15.53M $0
Series E $0 $41M $0
Series F $0 $31M $0
Series G $0 $80M $0
Corporate $0 $88M $0
Post-Split / Book Period $0 $15M $0
Book Period - Price Correction $0 $35M $0

Bill Price Per share chart

Price Per share Table

DatePrice~Valuation
Aug 2006 $0 $0
Jul 2009 $0 $0
Nov 2011 $0 $0
Feb 2012 $0 $0
Nov 2013 $0 $0
Apr 2015 $0 $0
Oct 2017 $0 $0
Apr 2018 $0 $0
Jun 2018 $0 $0
Sep 2018 $0 $0
Nov 2018 $0 $0
Apr 2019 $0 $0
May 2019 $0 $0
Aug 2019 $0 $0
Sep 2019 $0 $0
Oct 2019 $0 $0
Nov 2019 0 0
Dec 2019 $0 $0
Dec 2019 $0 $0

Signals

40

signals

Bullish

57.5%

Bearish

42.5%
  • Bullish

    2019-12-10
    +1

    Bill.com oversubscribed more than X14

  • Bearish

    2019-12-10
    -1

    Bill.com raises price range for planned IPO to $19. to $21 vs. prior $16 to $18 a share

  • Bullish

    2019-12-09
    +1

    WSJ Opinion - Bill.com IPO is worth the tab

  • Bearish

    2019-12-06
    -1

    The company uses a small amount of resources to attract investors as part of the show a week before the IPO. Low promotion signal.

  • Bearish

    2019-12-04
    -1

    GS analyst opinion - Bill.com cant refresh boring tech IPO

  • Bearish

    2019-12-04
    -1

    GSA Metric - based on current Fiserv [FISV] revenue multiple ~x9, ACI Worldwide [ACIW] revenue multiple ~x3.6, Bill.com is overvalued with valuation $1.2B-$1.35B.

  • Bearish

    2019-12-03
    -1

    Bill.com set pricing ranges ahead of IPO

  • Bearish

    2019-12-03
    -1

    Bill.com IPO coming soon at discount

  • Bullish

    2019-11-18
    +1

    Bill.com files for IPO, Seeks $100M In NYSE Float

  • Bearish

    2019-11-15
    -1

    Bill.com said that has 81,000 customers, but years earlier they had more customers

  • Bearish

    2019-10-19
    -1

    Bill.com has split shares to make the valuation more adorable for an IPO.

  • Bearish

    2019-10-17
    -1

    Bill.com makes move into midmarket

  • Bullish

    2019-10-11
    +1

    Bill.com reaches 137 countries

  • Bearish

    2019-10-01
    -1

    Bill.com opens Houston office. Burn rate increased

  • Bullish

    2019-08-01
    +1

    Former PayPal executive Josh Goines and Industry Veterans Pete Kight, Steve Cakebread joins Bill.com to lead strategic partnerships

  • Bearish

    2019-06-21
    -1

    Bill.com said that not ready to IPO

  • Bearish

    2019-05-03
    -1

    Mastercard to Acquire Transactis

  • Bullish

    2019-04-02
    +1

    Bill.com partners up with Mastercard to improve small business

  • Bullish

    2019-03-19
    +1

    Bill.com launches industry’s first AI-enabled business payments platform

  • Bearish

    2019-02-06
    -1

    Amex launch virtual payments for vendors

  • Bullish

    2019-01-17
    +1

    Fintech executive Bora Chung joins Bill.com as senior vice president of product

  • Bullish

    2018-10-22
    +1

    Bill.com named to the 2018 CB Insights Fintech 250 list of Fastest-Growing Fintech Startups

  • Bullish

    2018-10-17
    +1

    Bill.com honored by Goldman Sachs for Entrepreneurship

  • Bullish

    2018-06-28
    +1

    Bill.com marks significant milestone surpassing $50B in business payments processed annually

  • Bullish

    2018-06-11
    +1

    Bill.com introduces international business payments

  • Bullish

    2018-05-01
    +1

    Bill.com revs up expansion plan by adding two senior leaders

  • Bearish

    2017-10-18
    -1

    JPMorgan acquires WePay to compete with Bill.com

  • Bullish

    2017-10-11
    +1

    Bill.com has 100,000 customers and claims that over 1% of all US businesses have used its service to either pay or to get paid

  • Bullish

    2017-10-10
    +1

    JPMorgan, Temasek lead $100 million investment in payments company Bill.com

  • Bullish

    2017-09-22
    +1

    Chase signs with Bill.com to provide electronic Billing & Payments

  • Bearish

    2017-09-19
    -1

    JPMorgan seeks to banish paper payments with fintech venture

  • Bullish

    2017-07-24
    +1

    Commerce Bank partners with Bill.com to reinvent business

  • Bullish

    2017-06-30
    +1

    EY names Bill.com founder René Lacerte entrepreneur of the Year

  • Bearish

    2016-08-18
    -1

    Bill.com warns banks over SME mobile apps

  • Bullish

    2014-12-11
    +1

    Forbes - Bill.com helps to accelerate invoice payments

  • Bullish

    2014-06-17
    +1

    Bill.com was added to 2014 CNBC's Disruptor 50

  • Bearish

    2014-04-09
    -1

    Bank of America and Merrill Lynch introduces CashPro BillPay

  • Bullish

    2013-01-22
    +1

    Bill.com integrates with expensive for a streamlined expense

  • Bullish

    2012-06-13
    +1

    Bill.com now offers a certification program for accounting firms

  • Bullish

    2009-06-05
    +1

    Forbes - The SaaS Roll-Up Begins for Bill.com

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