Bill.com secures funding

Business payment network Bill.com has closed $38 million in financing. Led by new investor Scale Venture Partners, the round also included participation from Bank of America, American Express, Fifth Third Bank, Pete Kight, founder of CheckFree, and Commerce Ventures, as well as all of Bill.com’s previous investors August Capital, Napier Park Global Capital, TTV Capital, Jafco Ventures, Emergence Capital and DCM. With this funding, Bill.com has raised $80 million to date.

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