Business payments software company Bill.com is eyeing a $100m initial public offering (IPO), just months after it closed an $88m funding round.
Bill.com has issued a filing with the US Securities and Exchange Commission (SEC) detailing that Goldman Sachs, BofA Securities, Jefferies, KeyBanc Capital Markets, Canaccord Genuity, Needham & company, and William Blair will serve as underwriters for the sale.
The US-based payments company recently closed an $88m funding round from Franklin Templeton, Mastercard, Fidelity Investments Canada and Temasek, among others. Following the round, the company had raised a total of $275m in venture funding.
Small and medium-sized businesses can leverage Bill.com to handle accounting and bill payments. Its cloud-based software automates back-office financial operations including accounts payable and receivable, and accounting.
Earlier in the month, it was reported InsurTech platform Lemonade was postponing any IPO it might launch due to fears of a lacklustre appetite in the marketplace for technology startups. The company noted the WeWork failed IPO as one of its causes of concern.
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