Bill.com Raises $38M As Banks Look To Leverage Digital Payment Adoption In The Business World

Bill.com, a platform that connects payments, receivables and manages cash flow, has raised $38 million in anoversubscribedround led by new investor Scale Venture Partners.

The round also included participation from Bank of America, American Express, Fifth Third Bank, Pete Kight, the founder of CheckFree, and Commerce Ventures. Bill.coms previous investors all participated in the funding, which now brings its total raised to $80 million.