What BILL does

BILL Holdings, Inc. (NYSE: BILL) is a publicly traded financial operations platform founded in 2006 and headquartered in San Jose, California. The company unifies accounts payable (AP), accounts receivable (AR), spend management, expense processing, and corporate card issuance on a single AI-powered platform, serving more than 500,000 small and mid-sized businesses, 9,500+ accounting firms, and 8.3 million network members. BILL processes approximately $345 billion in annual payment volume, equivalent to roughly 1% of US GDP, with Q2 FY2026 revenue of $414.7 million (+14.4% YoY) and full-year FY2026 guidance of $1.63–$1.65 billion.

The platform is built around three product pillars: BILL AP & AR (invoice capture, automated approvals, multi-rail payments including ACH, check, card, and international), BILL Spend & Expense (corporate cards, budgets, expense management, mobile apps, and the recently launched BILL Travel integration with 500+ airlines and 1.5 million hotels), and the BILL Network connecting counterparties for faster settlement. Five AI agents — Invoice Coding Agent, Transaction Agent, Smart Response Agent, W-9 Agent, and BILL Assistant — were launched in October 2025, all trained on 250M+ historical bills. The developer-facing BILL v3 API and BILL Elements low-code components extend the platform into partner and customer-built integrations. Underlying compliance includes SOC 1/2/3, Nacha, AML/KYC, HIPAA Business Associate, and CCPA.

BILL monetizes through three revenue streams: transaction fees (72.6% of revenue, tied to payment processing volume), per-seat subscription fees (AP platform starting at $49/user/month), and usage-based invoice financing (served via WebBank, with users up ~50% YoY and origination volume up 30%). GTM is hybrid — direct enterprise field sales for mid-market and upmarket targets, self-serve signup for SMBs, the Accountant Partner Program for the 9,500-firm ecosystem, and an API/developer channel for embedded distribution. Distribution partners include NetSuite, Paychex, Acumatica, CPA.com, QuickBooks, Sage Intacct, Xero, Microsoft Dynamics, Visa, J.P. Morgan, Avalara, and bank partners WebBank, Cross River Bank, and WEX Bank. In 2026, BILL announced a 30% workforce reduction and leadership overhaul (new CRO Jonathan Leaf, new CTO Eric Chan, promoted CPO Michael Cieri, departing CTO Ken Moss, CCO Sarah Acton, and GM Payments Mary Kay Bowman) as part of an explicit transition to an AI-native operating model, against a backdrop of activist pressure from Starboard Value and Elliott and reported sale discussions involving Hellman & Friedman.

Name

BILL

Legal name

BILL Holdings, Inc.

Website

https://bill.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

BILL is an AI-powered financial operations platform serving 500,000+ small and mid-sized businesses and 9,500+ accounting firms. It unifies accounts payable, accounts receivable, spend management, and expense processing, processing approximately 1% of US GDP ($345B) annually.

Ownership category

akta.pro rank

Product category

Financial Operations Software (Accounts Payable & Spend Management)

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Sales Financing (52222), Credit Card Issuing (522210)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industries

Bill Management & Subscription Management (FSAGADAG), Bill Aggregators & Consolidators (FSAMAJAB)

Keywords

• Accounts payable automation
• Accounts receivable software
• Spend management platform
• Expense management software
• Corporate card payments

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Others

Revenue model

1. Transaction fees: Revenue from payment processing and transaction fees tied to AI-enhanced automation; 72.6% of revenue from transaction fees
2. Subscription fees: Account subscription fees for access to the platform; subscription plans starting at $49/user/month for AP platform
3. Invoice financing: Invoice financing services for SMBs; users grew nearly 50% year over year with origination volume increasing over 30%

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels8 records

Core offering

BILL is an AI-powered financial operations platform for businesses and accounting firms that unifies accounts payable (AP), accounts receivable (AR), spend management, expense management, and corporate cards on a single platform. It automates the full invoice lifecycle — from AI-driven capture, coding, and approval workflows through ACH, check, card, and international payments — and extends to budgeting, corporate card issuance, travel booking, supplier payments, invoice financing, and developer APIs.

Product overview

BILL is an intelligent financial operations platform offering a unified suite of AI-powered products for businesses and accounting firms. The core platform consists of BILL AP & AR (accounts payable and receivable automation) and BILL Spend & Expense (expense management with corporate cards and budgets), which together provide end-to-end financial operations management. The platform is enhanced by AI agents launched in October 2025, including the Invoice Coding Agent (trained on 250M+ bills), Transaction Agent, Smart Response Agent, W-9 Agent, and BILL Assistant. Additional offerings include BILL Travel (travel booking integration), Supplier Payments Plus (accelerated supplier payments), BILL Network (connecting 500K+ businesses for payments), Virtual Cards, Business Credit, International Payments, Invoice Financing, and Cash Flow Forecasting (from Finmark acquisition). For developers, BILL offers the v3 API and BILL Elements for building integrations. The platform serves 500K+ businesses and 9,500+ accounting firms with 2-way sync to leading accounting systems including QuickBooks, NetSuite, Sage Intacct, Xero, and Microsoft Dynamics.

Differentiator

Problem solved

Functional benefit

Products and services

• BILL AP & AR (Accounts Payable & Receivable) AI-enhanced accounts payable and receivable automation platform that enables businesses to create, approve, and pay bills; send invoices; and manage cash flow with automated workflows and multi-payment method support (ACH, check, card, international). Targeted at SMBs, mid-market companies, and accounting firms managing client books.
• BILL Spend & Expense Comprehensive spend management platform combining expense management, budget controls, corporate cards, and AI-powered transaction processing. Includes Divvy Card integration, rewards programs, and mobile app for real-time spend visibility. For SMBs and mid-market companies looking to control budgets and automate expenses.
• BILL Divvy Card Corporate charge card powered by Visa, integrated with BILL Spend & Expense. Credit lines from $1,000 to $5 million, up to 7x points on restaurant spending, no annual fee, and full monthly repayment requirements. For SMBs and mid-market companies seeking corporate card programs with spend controls and rewards.
• BILL v3 API RESTful API platform enabling developers to build custom integrations with BILL's AP, AR, and Spend & Expense capabilities. Supports full lifecycle workflows including vendor management, bill creation, payments, invoicing, virtual cards, budgets, transactions, reimbursements, and webhooks for real-time events. For developers, software vendors, and enterprises integrating BILL into their platforms.
• BILL Elements Low-code, theme-able UI components embeddable into partner applications for standardized AP workflows. Handles all API calls internally with built-in error and exception handling for compliance, requiring minimal development effort. For software vendors and enterprises embedding BILL payments into their own products.
• BILL Mobile App Mobile applications for iOS and Android providing AP/AR management and Spend & Expense functionality, including bill approvals, invoice capture, expense submission, and real-time spend visibility on the go. For SMB finance teams, controllers, and business owners.
• Invoice Financing Invoice financing service provided in partnership with WebBank, enabling businesses to access working capital against outstanding invoices. For SMBs needing working-capital advances tied to receivables.

Quantifiable outcome

• 20% efficiency increase (Clif Family Winery)
• +9 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

AI capability10 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core.

• RilletcoreTechnology or Integration · 26 May 2026Real-time, two-way integration connecting accounts payable, spend, and financial data between BILL and Rillet's AI-native ERP platform. The integration enables continuous synchronization without manual intervention, targeting growing businesses and accounting firms seeking to modernize financial operations. Consero Global is cited as an early adopter.
• NetSuitecoreTechnology or Integration · 5 February 2026Strategic partnership with NetSuite as part of BILL's upmarket strategy; deep ERP integration for mid-market businesses
• PaychexcoreTechnology or Integration · 5 February 2026Strategic partnership with Paychex extending platform capabilities for payroll and financial operations integration
• AcumaticacoreTechnology or Integration · 5 February 2026Strategic partnership with Acumatica as part of BILL's upmarket strategy targeting mid-market businesses
• CPA.comcoreTechnology or Integration · 5 February 2026Strategic partnership with CPA.com extending platform capabilities to accounting firms and CPA professionals
• DigitscoreTechnology or Integration · 28 January 2026API partnership enabling real-time syncing of bills, invoices, and payments from BILL directly into Digits' Agentic General Ledger. The integration automates AP/AR accounting, matching transactions against bank data, and reducing manual entry and reconciliation time for joint customers.
• J.P. MorgancoreTechnology or Integration · 20 May 2025BILL implemented J.P. Morgan Wallet's API-based sub-ledgering solution to address payment processing delays. The partnership reduced payment posting times from 2-3 days to minutes or seconds, accelerated customer onboarding from 2-3 days to same day, and cut support inquiries by 83% while increasing payment processing capacity by 95%.
• WebBankcoreOthersWebBank provides invoice financing services to BILL customers. Located at 215 South State Street, Suite 1000, Salt Lake City, Utah 84111. WebBank is a State Chartered Industrial Bank.
• Cross River BankcoreOthersCross River Bank is the bank partner for BILL Spend & Expense. Located at 2115 Linwood Avenue, Fort Lee, NJ 07024. Member FDIC.
• WEX BankcoreOthersWEX Bank provides banking services for BILL Spend & Expense. Located at 111 East Sego Lily Drive, Suite 250, Sandy, Utah 84070.
• VisacoreTechnology or IntegrationBILL Divvy Card is powered by Visa; enables corporate card payments through the BILL network

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Airbase: Direct competitor in spend management, AP automation, and corporate cards for mid-market; offers an integrated platform competing with BILL Spend & Expense and BILL AP & AR.
• Brex: Direct competitor offering corporate cards, bill pay, and spend management to SMBs and mid-market; targets the same AP/spend workflow with embedded credit, overlapping most directly with BILL Spend & Expense.
• Ramp: Direct competitor in corporate cards, AP automation, and spend management for SMBs and mid-market; competes head-to-head with BILL on AI-driven AP automation and bill pay, with rapid recent growth.
• AvidXchange: Direct competitor in AP automation and B2B payments for the mid-market; similar invoice-to-pay workflow focus, with deep accounting integrations and a payments network serving suppliers.
• Tipalti: Direct competitor in AP automation, global payments, and supplier management; targets similar mid-market and high-growth segments with multi-currency payouts and accounting integrations.
• Melio: Direct competitor in B2B bill pay and accounts payable for small businesses; focuses on US SMBs with similar accountant-channel distribution and payments workflows.

Others

• Paychex: Strategic payroll partner and indirect peer serving the same SMB customer base; BILL integrates Paychex as part of its broader financial operations stack, and Paychex serves as both a distribution channel and competitive force in back-office workflows.

Broad incumbents

• Coupa Software: Broad incumbent in spend management, AP automation, and procurement; serves larger enterprises but overlaps with BILL's upmarket motion and offers comparable AP and supplier network capabilities.
• SAP Ariba: Broad incumbent in B2B procurement, invoicing, and payments; competes with BILL at the upper end of the mid-market and provides networked AP that overlaps with BILL's enterprise ambitions.

Emerging players

• Rillet: Emerging AI-native ERP with native AP and financial workflows; partners with BILL but also competes by absorbing AP/AR natively, posing a structural disintermediation risk to BILL's positioning as the financial operations layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/billcom
• Facebookfacebook.com/billcom
• LinkedInlinkedin.com/company/bill-com

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 records

Funding overview

Funding rounds13 records

Investors24 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BILL