Bill.com (NYSE: BILL), a Palo Alto, CA-based provider of cloud-based software that automates back-office financial operations, debuted on the public market today ringing the opening bell on the New York Stock Exchange.
They kicked off trading at $37.25 per share.
Bill.com is a provider of cloud-based software that simplifies, digitizes, and automates complex back-office financial operations. The Bill.com AI-enabled financial software platform creates connections between its customers, their suppliers and their clients and enables businesses to manage their cash inflowsand outflows.
The company partners with several of the largest U.S. financial institutions, more than 70 ofthe top 100 U.S. accounting firms, and accounting software providers such as Sage Intacct, Oracle NetSuite, QuickBooks and Xero, providing accurate reporting for exchange rate gains/losses and a complete viewof international and domestic payments.
The company, which has 500+ employees in Palo Alto, California and Houston, Texas, serves such customers as Spikeball, Wild Friends Food, O&M, Niche, and Lindsey Leasing, among others.
Backers in Bill.com included Franklin Templeton, JPMorgan Chase, New Enterprise Associates, Union Square Ventures, Temasek, August Capital, Venrock, Pelion Venture Partners, Greenspring Associates, CapitalG (Google Capital), Microsoft, Baidu, Qualcomm, Fidelity, Scale Ventures, Napier Park, DCM, Icon Ventures, Emergence Capital, Silicon Valley Bank and American Express.