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BTRS Holdings Inc. (BTRS) drives digital transformation in B2B finance through cloud-based accounts receivable automation and integrated payment solutions. This page aggregates all official company announcements and third-party coverage for efficient tracking of financial developments.
Access curated updates including quarterly earnings disclosures, product enhancement announcements, strategic partnerships, and leadership changes. Each entry provides essential context about the company's progress in modernizing AR processes through AI-driven solutions.
The archive features press releases related to financial performance metrics, technological innovations in payment processing, and operational milestones. Content is organized chronologically to facilitate analysis of the company's evolving market position.
Bookmark this resource for direct access to BTRS Holdings' material news. Combine these updates with regulatory filings and industry analysis for complete due diligence on the company's financial technology initiatives.
BTRS Holdings Inc. (NASDAQ: BTRS) announced the expiration of its exchange offer for outstanding warrants, which concluded on December 16, 2021. Approximately 99.2% of the warrants, totaling 12,391,408, were validly tendered. The company will accept these for exchange and settlement by December 21, 2021. Additionally, the consent solicitation for warrant agreement amendments received similar approval. A Registration Statement registering shares issuable in the offer was declared effective on the same day. Billtrust aims to enhance its position in the B2B accounts receivable automation market.
Billtrust (NASDAQ: BTRS) has released findings from a study highlighting that best-in-class accounts receivable (AR) organizations exhibit 25% better customer service and 23% improved collections than average AR departments. These top performers provide 20% more self-service options and receive payments 15% faster. The research introduces an AR maturity model, emphasizing the importance of digital payments, predictive analytics, and proactive account management. Billtrust aims to help AR teams identify their modernization stage for enhanced cash flow and customer satisfaction.
BTRS Holdings Inc. (NASDAQ: BTRS) has announced an exchange offer and consent solicitation for its warrants, aiming to simplify its capital structure. The company offers 0.30 shares of Common Stock for each warrant tendered, with a total of up to 3,749,307 shares available. Concurrently, BTRS is seeking consent to amend the warrant agreement, allowing for a lower exchange ratio of 0.27 shares per warrant upon closing. Approximately 56.44% of warrant holders have agreed to participate. The Offer will expire on December 16, 2021. Further details are available in the SEC filings.
Billtrust (NASDAQ: BTRS) has appointed Kelli Negro as the new Chief Marketing Officer. With over 25 years of experience in B2B marketing, Negro will be instrumental in enhancing the company's brand positioning and demand generation efforts during its global expansion, particularly in Europe. Billtrust, known for its innovative B2B accounts receivable automation solutions, recently acquired Belgium-based iController, further bolstering its market presence. This strategic leadership change is expected to drive organic growth and leverage Billtrust’s existing strengths.
BTRS Holdings announces strong Q3 2021 results, exceeding expectations with total revenue growth of 8% to $41.4 million. Software and payments revenue surged 21.5% year-over-year to $26.0 million, while gross profit increased 15.5% to $23.4 million. Despite a net loss widening to $(11.2) million, total payment volume rose 41% to $21.0 billion. The company acquired iController, enhancing its European presence, and raised its 2021 guidance, projecting net revenue of $129 million to $131 million.
BTRS Holdings Inc. (NASDAQ: BTRS) announced participation in three upcoming investor conferences: the Citi 2021 FinTech Conference on November 15 at 3:00 pm ET, the JP Morgan Ultimate Services Investor Conference on November 18, and the Credit Suisse 25th Annual Technology Conference on November 30 at 11:20 am ET. Live webcasts of the Citi and Credit Suisse presentations will be accessible on the Company’s investor relations website. BTRS, under the brand Billtrust, specializes in cloud-based software and integrated payment solutions aimed at enhancing B2B accounts receivable processes.
On October 26, 2021, Billtrust (NASDAQ: BTRS) CEO Flint Lane will lead a panel discussion titled “Reimagining Business Payments: Perspectives Across the B2B Ecosystem” on PYMNTS TV. The event, free to view, features industry leaders from Visa, KeyBank, and Coupa discussing the digitization of B2B payments and the importance of interoperability in payments networks. Lane, who has guided Billtrust's growth since 2001, has received numerous accolades for his leadership in the financial sector.
BTRS Holdings Inc. (NASDAQ: BTRS) will discuss its third quarter 2021 financial results on November 10, 2021, at 5:00 pm ET. The call will be hosted by CEO Flint Lane and CFO Mark Shifke. Investors can access the live webcast on the company’s investor relations website. A telephone option is also available at 877-407-3982 (toll-free) for the U.S. and 201-493-6780 internationally. Replay access will be provided after the call, available until November 24, 2021.
Billtrust (NASDAQ: BTRS) has acquired iController for $58 million in a strategic move to enhance its European presence. The Belgium-based iController specializes in B2B solutions for collections management, boasting 566 European customers. This acquisition aligns with Billtrust's expansion strategy, aiming to broaden its customer base and improve cash flow management capabilities. iController will maintain operations in Ghent and Amsterdam, contributing to Billtrust’s global collections expertise.
Dock, a leader in financial technology infrastructure across Latin America, has strengthened its Board of Directors by appointing three executives from prominent global companies, including Airbnb, Billtrust, and Globant. The new members are Sam Shrauger, Global Head of Payments at Airbnb, Mark Shifke, CFO of Billtrust, and Patricia Pomies, COO of Globant. This expansion follows Dock's rebranding from Conductor and aims to leverage their industry expertise to enhance Dock's position within the digital payments market.
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