Disclaimer: California-based start-up Bill.com has raised $100m in a funding round co-led by recent partner JPMorgan Chase and Temasek, with participation from existing investors including August Capital and Scale Ventures. Bill.com's cloud-based payments software helps businesses reduce time spent on processing transactions, and its product will be white-labelled as a B2B offering by JPMorgan Chase next year. The company is also working to build out an online payment platform for small businesses, which it hopes to launch this year or next. Bill.com's software provides a dashboard that logs where bills are in the payment process, and the firm said it has about 100,000 customers.
California-based start-up Bill.com has raised $100m in a funding round co-led by recent partner JPMorgan Chase and Temasek, with participation from existing investors including August Capital and Scale Ventures. Bill.com's cloud-based payments software helps businesses reduce time spent on processing transactions, and its product will be white-labelled as a B2B offering by JPMorgan Chase next year. The company is also working to build out an online payment platform for small businesses, which it hopes to launch this year or next. Bill.com's software provides a dashboard that logs where bills are in the payment process, and the firm said it has about 100,000 customers.