Welcome to our dedicated page for BILL HOLDINGS news (Ticker: BILL), a resource for investors and traders seeking the latest updates and insights on BILL HOLDINGS stock.
BILL Holdings, Inc. reports on an intelligent finance platform for small and midsize businesses, accountants, and growing companies. The company’s recurring updates cover accounts payable, accounts receivable, spend and expense management, forecasting, procurement, B2B payments, and AI-enabled finance workflows.
Company news also includes quarterly financial results, subscription and transaction revenue trends, float revenue, share repurchase authorizations, product launches such as BILL Travel, expanded Supplier Payments Plus capabilities, and integrations with accounting and ERP providers. Other recurring items include investor-conference participation and developments across the company’s payments network and software ecosystem.
Bill.com (NYSE:BILL) has appointed Sarah Acton as the new Chief Marketing Officer. Reporting to CEO René Lacerte, Sarah brings over 25 years of marketing expertise, including significant roles at Athos, LinkedIn, and Yahoo!. Her experience includes driving brand growth and marketing strategies for major companies and government entities. Sarah aims to enhance Bill.com's marketing strategies, focusing on small and midsized businesses. This leadership change is expected to accelerate the company’s brand-building efforts in the financial software sector.
Invoice2go, a subsidiary of Bill.com (NYSE:BILL), launched the ‘Grow by Invoice2go’ program, aimed at supporting underrepresented small business owners. This initiative offers $200,000 in cash prizes, distributed across three tiers: $15,000 for five winners, $10,000 for ten winners, and $5,000 for five winners. The program includes community-building activities and business development workshops led by industry experts. Applications are open until midnight PST on February 28, 2022. Invoice2go emphasizes its commitment to empowering minority-led businesses through financial support and technology.
Bill.com (NYSE:BILL) released a survey indicating that 80% of small and midsized businesses (SMBs) feel inadequately supported by enterprise tech companies. A staggering 87% seek an all-in-one solution, highlighting a gap in offerings from larger providers. The survey, conducted among 2,000 SMB decision-makers, reveals that 63% believe enterprise solutions do not meet their needs, and 85% still utilize manual bookkeeping for financial operations. With projected SMB IT spending surpassing $1.13 trillion in 2021, Bill.com aims to fill this void.
Summary not available.
Bill.com (NYSE:BILL) has announced new product features at Sage Transform aimed at enhancing visibility, control, and payment options for small and midsize businesses. Key updates include Custom Dimensions for Sage Intacct, Enhanced Approval Policies, Dual Control, Single Sign-On, and Console Client Groups. Additionally, businesses can now Pay By Card, even to vendors who don’t accept cards, syncing with popular accounting software. These features aim to improve cash flow management and operational security.
Bill.com (NYSE: BILL) reported impressive Q1 fiscal 2022 results, with total revenue reaching $116.4 million, up 152% year-over-year. Core revenue rose 164% to $115.6 million, while organic core revenue grew 78% to $77.7 million. Transaction fees soared 319%, totaling $80.6 million. Despite these gains, the company reported a net loss of $75.7 million or ($0.79) per share. Bill.com completed the acquisition of Invoice2go, enhancing its service capabilities, and processed $46.9 billion in total payment volume.
Marqeta (NASDAQ: MQ) has partnered with Bill.com (NYSE: BILL) to enhance virtual card payments for financial institutions. This collaboration aims to help Bill.com's customers streamline their accounts payable processes. Marqeta will provide its modern card issuing platform, supporting innovation in payment solutions. The partnership underscores Marqeta's commitment to empowering businesses with advanced financial technologies, enabling faster and more efficient transactions. Both companies see this as a significant step toward addressing market gaps in payment digitization.
Bill.com (NYSE: BILL) will report its fiscal first quarter financial results for the period ending September 30, 2021, after market close on November 4, 2021. A live webcast to discuss the results is scheduled for 1:30 PM PT (4:30 PM ET) on the same date. The financial release and webcast link will be available on the company's investor relations website. Bill.com provides cloud-based software solutions designed to automate complex back-office financial operations for small and midsize businesses.
Bill.com (NYSE:BILL) announced the appointment of Scott Wagner to its board of directors, highlighting his extensive experience in scaling businesses, particularly at GoDaddy. Wagner, who served as CEO of GoDaddy from 2017 to 2019, played a pivotal role in increasing the customer base from 9 million to 19 million and revenues from $900 million to $3 billion. His insights are anticipated to bolster Bill.com’s mission to simplify financial operations for small and midsize businesses. CEO René Lacerte expressed enthusiasm for Wagner's contributions.
Bill.com Holdings, Inc. (NYSE: BILL) has completed the offering of 0% convertible senior notes due 2027, raising gross proceeds of $575.0 million. This includes a $75.0 million option exercised by purchasers. The notes are convertible into common stock at an initial rate of 2.4108 shares per $1,000 principal. The company estimates net proceeds of approximately $560.1 million for general corporate purposes, including working capital and potential acquisitions. The notes are set to mature on April 1, 2027.