When was Billtrust founded?

Billtrust was founded in 2001 and raised its 1st funding round 5 years after it was founded.

Where is Billtrust located?

Billtrust is headquartered in Hamilton Township, United States. It is registered at Lawrence Township, New Jersey.

How many employees does Billtrust have?

As of Jul 31, 2026, the latest employee count at Billtrust is 814.

Is Billtrust a funded company?

Billtrust is a funded company, having raised a total of $105M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2006.

When was the latest funding round of Billtrust?

Billtrust's latest funding was a $***** Series D round on Aug 17, 2017, with participation from 1 investor.

Where does Billtrust rank among its competitors?

Billtrust ranks 5th amongst 543 active competitors, of which 74 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Xifin, which secured an undisclosed amount in Sep, 2025.

Who are the top competitors of Billtrust?

Billtrust's top competitors include Bill, Zuora and Melio. Among them, Xifin secured the most recent funding round in September, 2025.

Billtrust - 2026 Company Profile, Team, Funding & Competitors

Q: Is Billtrust an acquired company?

Billtrust got acquired by EQT on Sep 28, 2022.

Billtrust is an acquired company based in Hamilton Township (United States), founded in 2001 by Flint A. Lane. It operates as an Invoice and payment management solutions for small businesses. Billtrust has raised $105M in funding from Riverwood Capital. The company has 543 active competitors, including 74 funded and 59 that have exited. Its top competitors include companies like Bill, Zuora and Melio.

Company Details

Invoice and payment management solutions for small businesses. It makes use of APIs and robotic process automation systems to provide automated invoice processing. Its features include tracking, invoice account management, data management, payment collection, and more. It also offers software for B2B payment and remittance management.

Website: billtrust.com
Social
Registered Address: Lawrence Township, New Jersey

Key Metrics

Founded Year

2001

Location

Hamilton Township, United States

Stage

Acquired

Total Funding

$105M in 5 rounds

Latest Funding Round

Series D, Aug 17, 2017, $*****

Investors

Riverwood Capital & 8 more

Ranked

5^th among 543 active competitors

Employee Count

814 as on Jul 31, 2026

Investment & Acquisitions

Order2Cash & 3 more

Similar Companies

HighRadius & 2217 more

Exit Details

Acquired by EQT (Sep 28, 2022)

View Billtrust's full profile

Billtrust is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FACTOR SYSTEMS INC CIN: 223826031 , United States, Active	Dec 31, 1999	-	570 (As on Dec 31, 2020)	-
VERASAFE UNITED KINGDOM LTD CIN: 12458059 , United Kingdom, Active	Feb 12, 2020	-	-

Billtrust got acquired by EQT on Sep 28, 2022 at an acquisition amount of $*****.

Click here to take a look at Billtrust's acquisition in detail

Billtrust has raised a total funding of $105M over 5 rounds. Its first funding round was on 2006. Its latest funding round was a Series D round on Aug 17, 2017 for $*****. 1 investor participated in its latest round. Billtrust has 9 institutional investors.

Here is the list of recent funding rounds of Billtrust:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 17, 2017	8361687	Series D	3546640	7322394	5284783	5825256
May 25, 2017	7353131	Series D	1798981	2868465	2112498	6286324
Apr 15, 2015	8692106	Series C	8223312	4099090	2524376	Bain Capital Ventures & 1 more

Access funding benchmarks and valuations. Sign up today!

View details of Billtrust's funding rounds and investors

The founders of Billtrust is Flint A. Lane. Grant Halloran is the CEO of Billtrust.

Here are the details of Billtrust's key team members:

Flint A. Lane: Former Founder of Billtrust and founder of 1 other company.
Grant Halloran: CEO of Billtrust.
Contact Info: 2 email addresses

Billtrust's Board of Directors

Billtrust's board has 8 active members. Stephen Waldis, Matthew Harris, Flint Lane, John Yapaola, Chris Sugden, Diane Smith, Anthony Vigorito and Ron Averett are independent board members.

Here is the list of Billtrust's board of directors:

Name	Type	Representing	Status	Duration
Stephen Waldis	Independent board member	-	Current	13y 9m
ga{gscz	Independent board member	-	Current	5y 9m
bqifnjo	Independent board member	-	Current	5y 6m
r{vslcg	Independent board member	-	Current	7y 3m
wdykvmc	Independent board member	-	Current	3y 5m
fxsewc{	Independent board member	-	Current	6y 1m
okulhba	Independent board member	-	Current	7y 4m
ieokynh	Independent board member	-	Current	2y 6m

View details of Billtrust's Founder profiles and Board Members

Billtrust's employee count trend

Billtrust has 814 employees as of Jul 26. Here is Billtrust's employee count trend over the years:

Uncover Billtrust's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Billtrust include Bill, Zuora and Melio. Here is the list of Top 10 competitors of Billtrust, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bill 2006, San Jose (United States), Public	Provider of accounts payable, accounts receivable, and spend management solutions	$326M	August Capital, Icon Ventures & 28 others	81/100
2nd	Zuora 2007, Redwood City (United States), Acquired	Cloud-based invoice and subscription management solutions for businesses	$243M	Northgate Capital, Tenaya Capital & 28 others	77/100
3rd	Melio 2018, New York City (United States), Acquired	Provider of accounts payable and receivable solutions for businesses	$654M	Coatue, Thrive Capital & 24 others	75/100
4th	Paymentus 2004, Atlanta (United States), Public	Provider of a platform for intelligent billing and payment solutions	$23.6M	Accel-KKR, HTIF & 2 others	73/100
5th	Billtrust 2001, Hamilton Township (United States), Acquired	Invoice and payment management solutions for small businesses	$105M	Stock Capital Banker, Goldman Sachs & 7 others	69/100
6th	HighRadius 2006, Houston (United States), Series C	Provider of AI-powered platform for automating finance processes and improving outcomes	$484M	Tiger Global Management, Susquehanna Growth Equity ... & 9 others	69/100
7th	Routable 2016, San Francisco (United States), Series B	Provider of accounts payable automation, vendor management, and payment solutions	$47.7M	Y Combinator, BoxGroup & 23 others	66/100
8th	Lili 2018, New York City (United States), Series B	Digital bank for freelancers	$80M	Group 11, Foundation Capital & 12 others	66/100
9th	DadeSystems 2011, Miami (United States), Acquired	Account receivable payment automation solution.	$11M	Napier Park Global Capital, Wells Fargo & 3 others	64/100
10th	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Enterprise Partners Venture Capital ... & 5 others	63/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on Billtrust's competitors? Click here to see the top ones

Billtrust has not made any investments yet. Billtrust has made 4 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 15, 2022	Acquisition	Order2Cash	2016	Amsterdam (Netherlands)
Oct 12, 2021	Acquisition	iController	2007	Ghent (Belgium)
Apr 16, 2019	Acquisition	Second Phase	2001	Boulder (United States)