Billtrust Raises $50 Million

Software startup Billtrust announced the close of $50 million in financing. Two investors contributed to the round, among them Riverwood Capital.

Billtrust is the premier provider of automated invoice-to-cash solutions. Billtrust integrates three key areas of the invoice-to-cash process: presentment, payment, and cash application, helping its clients connect with customers and cash while strengthening their revenue and cash flow.

Billtrust said it will use the investment to fund strategic growth into adjacent markets, continue to innovate the products and services available in its quantum payment cycle management solution, and expand its global footprint.