# Billtrust

> Billtrust is a cloud-based fintech that automates the entire order-to-cash and invoice-to-cash cycle for B2B businesses - credit decisioning, online ordering, invoice delivery, payments, cash application, and collections. Founded in 2001 by Flint Lane, it went public via SPAC in 2021 (Nasdaq: BTRS) and was taken private by EQT in late 2022 for about $1.7 billion. Its Business Payments Network connects buyers, suppliers, and banks to move trillions in B2B payments with far less manual work.

- **Founded:** 2001
- **Headquarters:** Lawrenceville, New Jersey, United States
- **Founders:** Flint Lane (Founder & former CEO)
- **Team size:** ~820 employees
- **Products:** Invoicing / Invoice Delivery, Payments, Cash Application, Collections, Credit
- **Notable:** Founded in 2001 and grew into a category leader in AR automation and B2B payments, Went public on Nasdaq (BTRS) via SPAC merger with South Mountain Merger Corp. in January 2021, Acquired by EQT Private Equity for approximately $1.7 billion in December 2022

## Products & services

- **Invoicing / Invoice Delivery** — Electronic and print invoice presentment that delivers invoices through the channels each customer prefers.
- **Payments** — Multi-channel B2B payment acceptance (ACH, card, check, virtual card) with automation from acceptance through cash application.
- **Cash Application** — Automated matching of incoming payments to open invoices and remittance data, reducing manual reconciliation.
- **Collections** — Automated, prioritized collections workflows to chase outstanding receivables and lower DSO.
- **Credit** — Credit decisioning and monitoring tools (including Credit2B data) to assess and manage customer risk.
- **Business Payments Network (BPN)** — A connected network linking suppliers, buyers, and financial institutions to streamline electronic payment delivery and remittance.
- **eCommerce / Online Ordering** — B2B online ordering and buyer payment portal that ties ordering directly to receivables.

## Achievements

- Founded in 2001 and grew into a category leader in AR automation and B2B payments
- Went public on Nasdaq (BTRS) via SPAC merger with South Mountain Merger Corp. in January 2021
- Acquired by EQT Private Equity for approximately $1.7 billion in December 2022
- Processes over $1 trillion in B2B transactions annually
- Named a Best Place to Work in New Jersey for 10 consecutive years
- Founder Flint Lane recognized as an EY Entrepreneur Of The Year

## Latest updates

- **2021-01** — Completed SPAC merger with South Mountain Merger Corp.; began trading on Nasdaq as BTRS.
- **2022-09** — Announced agreement to be acquired by EQT Private Equity at ~$1.7B equity value ($9.50/share).
- **2022-12** — EQT take-private completed; Sunil Rajasekar (ex-Mindbody President, ex-eBay GM) appointed CEO.

## Links

- Website: https://billtrust.com
- LinkedIn: http://www.linkedin.com/company/billtrust
- Twitter/X: https://twitter.com/Billtrust
- YouTube: https://www.youtube.com/c/Billtrust
- Facebook: https://www.facebook.com/BilltrustO2C/

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Profile page: https://yespress.io/billtrust
Published by YesPress — https://yespress.io
Last updated: 2026-06-02