With over $280 million raised to date, upcoming IPO Bill.com (BILL) provides a cloud-based
solution that automates back-office processes and enables over 81,000 SMBs to pay
their suppliers and collect payments from clients faster.
Through its end-to-end mobile
platform, in addition to integrations with several leading financial institutions,
accounting software providers, and over 4,000 accounting firms, Bill.com processed
nearly 20 million transactions, representing $70 billion in total payment volume in fiscal 2019.
Here are four things you need to know about Bill.com.
- MRQ revenue grew 57% to $35 million; customers grew 21% to 81,000
- Dollar-based net retention increased from 106% to 110% in the FY19
- MRQ EBITDA margin fell 10 pts to -8% due to increased headcount
- Bill.com raised its proposed price range, the quarter's only IPO to do so
To screen for 2019 tech IPOs, sign up for IPO Pro.
The tech unicorn begins trading on the NYSE this week.
