Finmark
2022
$60M
Outcome
Integrated predictive cash flow forecasting tools directly into the BILL enterprise dashboard.
BILL Holdings
Financial Technology & Cloud Financial OperationsFounded 2006- HQ today: San Jose, California, USA
Reviewed by Swet Parvadiya
Company data updated: November 2026
Acquisitions
BILL Holdings Acquisitions
3
Major Deals Covered
$3.2B
Disclosed Deal Value
What are BILL Holdings's biggest acquisitions?
BILL Holdings's largest disclosed acquisition here is Invoice2go for $625 in 2021. This page covers 3 major deals from 2021 to 2022, each with its price where disclosed and the reason behind it.
- Major deals covered
- 3
- Largest deal
- Invoice2go ($625)
- First deal
- 2021
- Most recent
- 2022
| Company | Year | Price | Purpose |
|---|---|---|---|
| Divvy | 2021 | $2.5B | — |
| Invoice2go | 2021 | $625.0M | — |
| Finmark | 2022 | $60.0M | — |
- What companies has BILL Holdings bought?
- Major acquisitions by BILL Holdings documented here include Invoice2go (2021), Finmark (2022) and Divvy (2021).
- What is BILL Holdings's most recent acquisition?
- The most recent BILL Holdings acquisition documented here is Finmark, in 2022, for $60.
Divvy
2021
$2.5B
Outcome
Added hundreds of millions in payment interchange revenue and expanded BILL's product footprint into spend management.
Invoice2go
2021
$625M
Outcome
Enhanced accounts receivable capabilities and added over 225,000 international micro-business subscribers.
BILL Holdings's Growth & Acquisition Strategy
The company's strategic roadmap focuses on driving adoption of high-margin digital payment products (virtual cards and instant transfers), expanding penetration within top accounting partner networks, and cross-selling Divvy corporate card spend solutions across its core accounts payable customer base.
How BILL Holdings Makes Money
BILL operates a hybrid SaaS subscription and payment monetization business model. Small businesses and accounting firms pay monthly per-user subscription fees to access its cloud platform for automated invoice approvals, accounting software synchronization (QuickBooks, NetSuite, Xero), and spend management. More than 65% of total revenue is generated through transaction fees and payment monetization: when businesses pay suppliers across BILL's network, BILL earns fees on virtual credit cards (interchange share), real-time RTP/FedNow payments, cross-border international wire transfers, and float interest income earned on funds held in trust during payment settlement, creating strong monetization as customer payment volume expands.
BILL Holdings Acquisitions FAQ
Does BILL Holdings acquire other companies?
Yes, BILL Holdings executes targeted acquisitions to integrate complementary technologies, expand intellectual property, and enter new market verticals.
What is BILL Holdings's acquisition strategy?
BILL Holdings focuses on bolt-on acquisitions that can be rapidly integrated into its core technology architecture and commercial distribution channels.
How does BILL Holdings fund its acquisitions?
Acquisitions are typically funded through cash from operations, revolving credit facilities, and strategic equity considerations.
What was one of BILL Holdings's notable acquisitions?
BILL Holdings has acquired specialized technology assets that enhance its core platform capabilities and expand its addressable customer base.
How does BILL Holdings handle post-merger integration?
By migrating acquired codebases into its unified cloud infrastructure and retaining key engineering talent within specialized innovation pods.
Are acquisitions a primary or secondary growth driver?
Inorganic growth is secondary to robust organic product development, serving as a tactical accelerator for specific strategic capabilities.
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Explore BILL Holdings
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