Bill.Com, not to be confused with Bills.Com, was founded in 2006 by Rene Lacerte. Lacerte realized that most companies were still doing invoicing, accounting, and paychecks manually with paper. He realized that there must be a better way.
The company is a provider of cloud-based software that automates back-office financial operations for small and midsize businesses.
Bill.Com is partnered with some of the largest financial institutions in the US and over 70 percent of accounting firms use Bill.Com.
The company went public on the NYSE (BILL) in December 2019. The stock rose 60 percent on its first day of trading. Some speculate that Bill.Com stock is growing over the speculation that the company will be acquired.
Headquarters for Bill.Com is located in Palo Alto, California.