Bill.com Secures $38M In New Funding

Bill.com, a digital bill payments management service, has announced $38 million round in new funding, Finextra reported on November 12.

The round was led by Scale Venture Partners. Bank of America and American Express, were named as participating investors. Rory O’Driscoll of Scale Venture Partners will join the company’s board following the announcement.

“This capital will allow us to continue to expand the Bill.com Business Payments Network, changing the way businesses do business everywhere,” René Lacerte, Bill.com’s CEO, said, according to the media outlet.

To learn more about Bill.com’s latest round of funding, read the full story here.

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