- Bill.com (NYSE:BILL) -4% premarket, has acquired Invoice2go in a stock and cash transaction valued at ~$625M, comprises of 75% in stock and 25% in cash.
- Invoice2go is a leading, mobile-first accounts receivable (AR) software provider, with offices in Sydney, Australia and Palo Alto, California.
- “We are investing to accelerate the adoption of our accounts receivable offering. The acquisition of Invoice2go will bring a leading product and a very talented team to Bill.com. It supports our strategy to invest in our platform to be a one-stop shop solution for businesses to transform their financial operations, make and receive payments, and manage their cash flow. Invoice2go’s international team and customer base will enable us to serve more businesses around the globe,” said René Lacerte, Bill.com CEO and founder.
- The transaction is expected to close by the end of this calendar year.