Fintech Company Bill.com Secures $100 Million

Bill.com announced the completion of $100 million in financing led by JPMorgan Chase Bank and Temasek Holdings.

Bill.com is a leading business payments company and helps more than two million members process $36 billion in payments annually. Bill.com saves companies more than 50 percent of the time typically spent on financial back-office operations by automating end-to-end processes. Endorsed by the American Institute of CPAs, the company’s product is used by three of the top ten U.S. banks, by leading accounting software providers QuickBooks Online and Xero, and by more than 50 percent of the top 100 accounting firms.

According to Bill.com, the round will be used by the company to expand its distribution.