BILL Taps Adyen to Deliver Acquiring and Issuing Experiences

BILL Taps Adyen to Deliver Acquiring and Issuing Experiences
  • BILL has selected Adyen to offer advanced acquiring and issuing experiences for its accounts payable and accounts receivable solutions.
  • The company has integrated Adyen’s card issuing tools into its virtual card offering.
  • Formerly known as, the company rebranded to BILL in 2022.

Small business financial automation solutions provider BILL unveiled this week it has selected payments technology platform Adyen to offer advanced acquiring and issuing experiences for its accounts payable (AP) and accounts receivable (AR) solutions.

BILL has integrated Adyen’s card issuing services into its virtual card offering as part of its AP and AR solutions. The California-based company expects Adyen’s technology to drive more opportunities for SMBs and help them deliver more seamless payment experiences.

“We are proud to be a part of BILL’s focus on helping SMBs thrive as we scale our relationship into card issuing with a category leader in financial operations,” said Adyen SVP of Platforms and Financial Products Blake Breathitt. “With our licensing framework and embedded financial products both integrated together, we look forward to being a part of BILL’s robust ecosystem of card products and services.”

Sweden-based Adyen was founded in 2006 and offers payment acceptance, embedded payments, virtual card capabilities, authentication, risk management, insights, and more. Among the company’s corporate clients are Meta, Uber, H&M, eBay, and Microsoft.

BILL was founded as in 2006, went public in 2019, and rebranded to its current name in 2022. The company has a current market capitalization of $8.19 billion. Regarding today’s move with Adyen, company Chief Commercial Officer Loren Padelford said, “Helping our SMB customers manage their cash flow means making their payments easy and secure. Because of their trust in BILL, our customers can easily make their payments and get back to running their business.”

Photo by Pixabay

Divvy Sells to for $2.5 Billion

Divvy Sells to for $2.5 Billion

Corporate expense management platform Divvy has agreed to sell to small business financial software provider for $2.5 billion.

Adding Divvy’s technology to its platform expands’s solution. The new capabilities will help the California-based company enable its 115,000 customers to automatically manage accounts payable, accounts receivable, and corporate card spend. Additionally, Divvy’s tools will offer businesses real-time insight into their B2B spending and provide them access to multiple payment solutions.

Combining the two companies also boosts Divvy’s capabilities. The Utah-based company will be able to offer its 7,500 small business customers automated payable, receivables, and workflow capabilities. “As we listened to our customers, we heard them ask for a comprehensive payments platform so that they don’t have to use multiple software systems to manage their finances,” said Divvy CEO and Co-Founder Blake Murray. “Today I’m proud that Divvy is joining to bring the one-stop-shop platform that our customers and the market have been asking for.”

“Since founding, I have been driven by the desire to build solutions that make a real difference for small and mid-sized businesses. Customers have been asking us to help them with their spend management, and I am excited that together with Divvy, we can deliver on that ask, furthering our vision to transform SMB financial operations. Our expanded platform will provide more automation and real-time information to SMBs, enabling them to make more informed decisions,” said CEO and Founder René Lacerte. “We are excited to work with the talented Divvy team. We have a shared passion for helping SMBs succeed and both companies are driving our customers’ digital transformations. Together, we can further empower SMBs to transition quickly and easily.”

Today’s deal is expected to close by the end of September and is subject to regulatory approvals closing conditions. was founded in 2006 and went public in 2019. With a market capitalization of $12.33 billion, the company trades on the New York Stock Exchange under the ticker BILL.

Founded in 2016, Divvy has raised $418 million from investors including PayPal Ventures, Insight Partners, and New Enterprise Associates.

Photo by Maranda Vandergriff on Unsplash Buddies Up with Wells Fargo for Bill Manager Buddies Up with Wells Fargo for Bill Manager and Wells Fargo have announced a new solution to help small and medium-sized businesses automate and simplify their accounts payable and receivables processes. The new joint offering – Bill Manager – integrates’s cloud-based financial operations software with Commercial Electronic Office, Wells Fargo’s digital banking service, and gives SMEs a simple, transparent way to pay bills and get paid.

Bill Manager enables customers to capture paper bills and invoices electronically and have them digitally routed through a straightforward review and approval workflow. The technology allows businesses to track invoices in real-time, review and approve invoices from any device, store documents online, and automatically sync transactions with their accounting system to support fast data entry and easy account reconciliation. Customers can also use’s Intelligent Virtual Assistant to make invoice capture and data entry process automatic, accelerating the bill creation process further. Bill Manager can also be used to request payments by building and sending electronic invoices and payment reminders.

“We are thrilled to bring our long-standing relationship with Wells Fargo to fruition through Bill Manager to accelerate small and midsize businesses’ shift to the cloud,” SVP of Strategic Partnerships and Business Development Josh Goines said. “With Bill Manager, SMBs can go live with digitally automating their accounts payable processes in a matter of hours, helping them to put their back office in their back pocket.”

Bill Manager is powered by Connect, the company’s business payments platform. Introduced four years ago, Connect provides banks with a single platform for business payments that scales as their business customers do. The platform offers bill pay and invoicing functionality, increases client engagement, and gives customers access to a business payment network with more than 1.4 million members.

“Collaborating with a leading fintech like solves a critical customer need – managing and paying bills in a consistent way,” Wells Fargo SVP and head of Treasury Management Product Innovation and Partnerships Chris Noe said. “Our customers access this technology directly through the digital banking experience they use every day, supported by their familiar Wells Fargo treasury management consultant and customer service team. Meeting our customers where they already spend their time is a priority as we innovate new solutions to help make managing finances convenient and simple.”

A Finovate alum since 2010, was founded in 2006 and is headquartered in Palo Alto, California. Going public in 2019, the company has a market capitalization of over $10 billion. René Lacerte is founder and CEO. Begins Trading on NYSE at $22 per Share Begins Trading on NYSE at $22 per Share marked a win this week as it finalized its debut on the New York Stock Exchange under the ticker BILL. The business payments platform priced its shares at $22, which is higher than the previously anticipated $16 to $18 per share amount.

The raise equates to about a $216 million raise, which is more than double the $100 million figure we reported last month, when pricing terms had not yet been shared publicly.’s market capitalization now sits at $1.56 billion.

There has been plenty of positivity about’s public debut, including the Wall Street Journal’s article about the IPO being “worth the tab” and Forbes’ discussion about’s stock “taking off on IPO day.”

Before today’s public debut, the California-based company had raised $347 million in 11 rounds of funding from investors including Franklin Templeton, JPMorgan Chase, Union Square Ventures, CapitalG (Google Capital), Microsoft, Baidu, Qualcomm, Fidelity, Silicon Valley Bank, American Express, and more.

With 500 employees in offices across Palo Alto, California and Houston, Texas, helps businesses manage accounts payables and receivables with online billpay, custom invoicing, document storage, collaboration tools, and more. The company’s platform moves $70 billion and 45 million documents on an annual basis and facilitates 8,000+ customer messages per day.

At the time of publication,’s stock price is up over 60% at $35.33 per share.

Finovate Alumni News


  • Begins Trading on NYSE at $22 per Share.

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  • CustomerXPs wins the IBS Intelligence Global FinTech Innovation Award for ‘Most Innovative Use of AI and Machine Learning.’

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account. Preps for $100M IPO Preps for $100M IPO

Intelligent business payments platform aims to raise $100 million in an initial public offering (IPO), according to a recent filing with the US Securities and Exchange Commission (SEC), reports Ruby Hinchliffe of Fintech Futures, Finovate’s sister publication.

Underwriters listed for’s IPO include Goldman Sachs, Bank of America (BofA) Securities, Jefferies and William Blair. Pricing terms have not yet been shared publicly.

The fintech provides cloud-based software that simplifies, digitizes, and automates back-office financial processes for small and mid-sized businesses (SMB). has customers including company calling service Dialpad, benefits and human resource manager and fellow Finovate alum Gusto, and local professional search engine Thumbtack.

With $347.1 million already in the bank according to Crunchbase, the 2006-founded company has gathered investors such as MasterCard, Silicon Valley Bank (SVB) and BofA.

Talking about how the procure-to-pay landscape is converging, Mercator Advisory Group’s commercial and enterprise payments director Steve Murphy said: “That’s led technology companies such as to add virtual cards to automate accounts payable for small businesses through partnerships with Amex and Mastercard.”

Set up by PayCycle’s co-founder René Lacerte, now has more than three million members and processes $60 billion in yearly payments, according to its announcement in April 2019 following its most recent funding round of $80 million. demonstrated its technology at FinovateSpring 2012. More recently, the company launched a new suite of solutions for midmarket companies to help them automate their AR/AP processes to boost efficiency. The Palo Alto, California-based company was founded in 2006.

Finovate Alumni News


  • Tracking the Trends at FinovateMiddleEast.
  • Preps for $100M IPO.
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  • ThetaRay named a “Rising Star” in Chartis Research’s 2020 RiskTech 100 report.
  • Jack Henry & Associates named a “Top Workplace in the Dallas-Fort Worth Area” by The Dallas Morning News for the second time.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.’s New Release Targets Midmarket Companies’s New Release Targets Midmarket Companies

Business payments company unveiled a new set of offerings for midmarket companies today. With the launch, the California-based company aims to help businesses automate their accounts payable and accounts receivable (AP/AR) functions to become more efficient.

“As companies scale, the advantages of AP and AR automation are magnified. Midsized companies can be in dire need of next-generation, end-to-end back office solutions that help them work smarter, faster and more efficiently,” said CEO René Lacerte.

The new capabilities include:

  • purchase orders: syncs purchase orders directly from Oracle NetSuite and Sage Intacct into the platform.
  • Expanded international payments: increases coverage for cross-border payments to encompass 130+ countries and 106 currencies.
  • Intelligent virtual assistant (IVA): leverages AI to set up payments and incorporate information directly into the required payment fields.
  • Premium customer support: includes enhanced support service level options.

“These new offerings will provide insights for customers to act on and enable them to automate their AP/AR processes, thus saving significant time and money while greatly improving productivity,” added Lacerte.

Founded in 2006, helps businesses manage accounts payables and receivables with online billpay, custom invoicing, document storage, collaboration tools, and more. At FinovateSpring 2012, Lacerte debuted the company’s CashView tools. Since then, has grown to manage workflows and process payments. In fiscal year 2019, processed over $70 billion for its network of three million members.

Finovate Alumni News


  • Investment Firm Takes Minority Stake in OurCrowd.
  •’s New Release Targets Midmarket Companies.
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  • CU Broadcast features Larky CEO and Co-founder Gregg Hammerman.
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  • Trustly launches Trustly Live to bring instant cashless payments to land-based casinos and sportsbooks.
  • Home Bank renews relationship with Baker Hill, adding Baker Hill NextGen CECL and Baker Hill NextGen Business Loan Origination.
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  • Chetu earns #3 for dollar growth and #15 for percentage growth at the SFBJ technology awards 2019.
  • Insuritas to power bank-owned insurance agency for Signature Bank of Georgia Partners.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News


  • MaxMyInterest Unveils High Yield Account Max Checking.

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  • Finastra announces two new apps built via its open development platform.
  • Fiserv inks partnership with DUCA Financial Services Credit Union, a Toronto, Ontario, Canada-based institution with more than 70,000 members.
  • Ripple’s “acqui-hiring” of the engineering team from Icelandic crypto trading company Algrim helps pave the way for its entry to the country.
  • Flywire and JCB International partner to allow select cardholders to use their JCB card to pay tuition.
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  • now facilitates payments in more than 130 countries and 100+ currencies.
  • Dwolla partners with TransferMate Global Payments to allow customers and their end users the ability to make and receive international payments.
  • Quadient parent company Neopost changes its name to Quadient.
  • InComm partners with Mizuho Bank to expand J-Coin Pay in Japan.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News


  • Featurespace Partners with Elavon to Fight Payment Fraud
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  • Enrichment Federal Credit Union selects Jack Henry’s ProfitStars Commercial Lending Center Suite create efficiencies in commercial lending.
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  • Wisconsin’s First National Bank and Trust Company to deploy core and digital banking technology from Finastra.
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  • SecureKey collaborates with Digital Bazaar to streamline organizational identity proofing.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account. Boosts Support for International Payments Offering Boosts Support for International Payments Offering

Business payments company is helping small businesses pursue international objectives– now in even more corners of the globe. This week, the California-based company doubled its International Payments offering by building out support for more than 70 countries and 50 currencies.

“Historically, innovation in international payments has been geared towards consumers,” said John Flora, VP of Product at “The sharp rise of cross border business growth and global interactions is driving demand for our International Business Payments platform which enables SMBs to easily and seamlessly do business globally.”

Launched last July, International Payments allows companies to conduct business abroad with visibility and payments control on a single platform. The tool offers the option for businesses to exchange payments by using a wire transfer for increased speed and security. When paying vendors in local currencies, there is no wire transfer fee. For international wires sent in U.S. dollars the fee is $9.99. The company estimates that this, combined with its competitive exchange rates, saves businesses up to 32% of the cost of traditional overseas transactions.

Flora noted that the company is far from finished building out International Payments. “We plan to aggressively expand our international payment capabilities in the coming months,” he said. In fact,’s business as a whole seems to be bustling lately. Since the beginning of this year, the company’s payment volume has increased by 124% while monthly transactions have grown by 135%.

Founded in 2006, helps businesses manage accounts payables and receivables with online billpay, custom invoicing, document storage, collaboration tools, and more. At FinovateSpring 2012, CEO Renee Lacerte debuted the company’s CashView tools. Since then, has grown to process more than $60 billion each year for its network of three million members.