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Billtrust (NASDAQ: BTRS), a leader in B2B accounts receivable automation, announced that Gwenn Lazar, Senior Vice President of Channel Development, has been named to CRN's 2021 Women of the Channel list. This recognition highlights her leadership and contributions to channel growth, particularly during the challenges posed by the COVID-19 pandemic. Billtrust emphasizes the importance of channel partnerships, with Lazar driving initiatives to enhance collaboration and ensure client success. The announcement underscores Billtrust's commitment to empowering women in technology.
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Billtrust (NASDAQ: BTRS) has launched Business Payments Network 4.0, enhancing its platform to support bi-directional invoice delivery and payment acceptance. This upgrade facilitates invoice presentation to over 170 accounts payable portals, responding to a rising demand from suppliers. In Q1 2021, card transaction volume increased by 117% year-over-year, while total payment volume soared by 146%. The expansion of unique bank and fintech platforms from 34 in 2019 to 58 in 2020 signifies the growing relevance of BPN in automating payment processes.
BTRS Holdings Inc. reported a robust first quarter for 2021, with total revenue rising 22.8% to $41.9 million. The software and payments segment drove growth, increasing 40.1% to $25.7 million. Gross profit soared 43.5% to $23.9 million, boosting gross margin to 56.9%. Total Payment Volume (TPV) surged 33% to $15.1 billion. However, the company recorded a net loss of $22.8 million, worsened by $10 million in fair value adjustments. Billtrust raised its full-year guidance, now expecting total revenue of $160 million to $166 million.
Billtrust (NASDAQ: BTRS) has announced a strategic partnership with Bottomline Technologies (NASDAQ: EPAY) that enhances the Paymode-X Network. This collaboration allows Bottomline's customers to access new card acceptance points via Billtrust's Business Payments Network (BPN). Customers can expect reduced processing times and costs, marking a significant step in the transition from traditional payment methods.
BTRS Holdings Inc. (NASDAQ: BTRS), a leader in B2B accounts receivable automation, announced participation in several upcoming virtual investor conferences. Key events include the Barclays Emerging Payments and FinTech Forum on May 20 at 1:20 PM ET, JP Morgan Tech, Media and Communications Conference on May 24 at 4:15 PM ET, William Blair 41st Annual Growth Stock Conference on June 1 at 11:40 AM ET, and Cowen 49th Annual TMT Conference on June 2 at 1:10 PM ET. Live webcasts will be available on the company's investor relations website.
BTRS Holdings (NASDAQ: BTRS), known as Billtrust, announced it will discuss its first quarter 2021 financial results during a conference call on May 12, 2021, at 5:00 PM ET. The call will be hosted by CEO Flint Lane and CFO Mark Shifke. It will be accessible via webcast on the company's investor relations website and by phone. A replay will be available after the call and until May 26, 2021. Billtrust specializes in cloud-based software and integrated payment solutions, targeting the automation and simplification of B2B accounts receivable processes.
Billtrust (NASDAQ: BTRS) announces open registration for the Billtrust Summit 2021, the largest virtual conference for accounts receivable and integrated payments, set for May 17-20, 2021. The free event will feature keynote speakers, including shift7 CEO Megan Smith and NFL Hall of Famer Steve Young, along with educational sessions and networking opportunities. Attendees will learn current trends in AR and payments, aiding in digital transformation. More details are available on Billtrust.com/Summit2021.
BTRS Holdings Inc. reported a 7% increase in total revenue for the year 2020, reaching $145.7 million, with software and payments segment revenue growing 17.9% to $81.2 million. The company achieved a 12.6% rise in net revenue to $108.6 million. Despite net losses narrowing to $17 million from $22.8 million, adjusted EBITDA remained a loss of $2.2 million. For 2021, BTRS expects total revenue between $159 million and $165 million, indicating a projected growth of approximately 15%.
BTRS Holdings Inc. (BTRS) will hold a conference call on March 23, 2021, at 5:00 PM ET to discuss its fourth quarter and full year 2020 results. Founders Flint Lane and CFO Mark Shifke will host the call, which will be available via live webcast on the company’s investor relations website. A replay will be accessible shortly after the call and through April 6, 2021. Billtrust offers cloud-based software and integrated payment solutions aimed at transforming accounts receivable processes to enhance efficiency in B2B transactions.