Partnerships / Acquisitions

Billtrust Expands Online Credit Capabilities With Credit2B Acquisition

Billtrust announced it has acquired Credit2B, expanding its Quantum solution suite with the addition of business credit reports, online credit applications, machine learning credit scores and credit analytics capabilities.

“Acquiring Credit2B allows us to expand the ways in which we can support our current customers while attracting new customers looking for a total, automated B2B payments solution,” said Billtrust CEO and founder, Flint Lane. “By joining our teams, technology and talent, we are able to offer the most comprehensive and cutting-edge A/R solution on the market.”

New Jersey-based Credit2B utilizes crowdsourcing and additional technologies to provide up-to-date payment behaviors and financial risk information on customers, making the credit decision process easier for suppliers.

“We are longtime believers that an end-to-end solution is the best value proposition for our customers,” said Credit2B CEO, Shyarsh Desai. “We are excited to join Billtrust and offer our customers a best-in-class A/R solution suite, while continuing to innovate by delivering smarter credit solutions that provide timely, relevant and actionable information.”

Desai and the Credit2B team will attend Billtrust’s annual customer conference this week in Baltimore, the Billtrust Summit, to demonstrate their approach to credit risk management. In fact, at the conference, Billtrust customers will be able to meet the Credit2B team and learn more about the company’s services and how they will benefit Billtrust.

The acquisition news comes on the heels of Billtrust naming its first president. Earlier this month, the company announced that Steve Pinado will join the firm as its president to focus on driving company growth, business development, sales and marketing and customer success. Pinado comes to Billtrust from Jonas Software, where he most recently served as group CEO.

Pinado will also be in attendance at the conference, which features several sessions around solution enhancements and technology innovations based on artificial intelligence (AI) and robotics process automation (RPA).

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