Bill logo
Founded 2008

Bill

2018 Revenue

$80.0M

YOY

Funding

$259.0M

Overview

About Bill

com is a US-based cash flow management software system, provided as a software as a service that integrates with accounting and banking systems.

Monthly Revenue

$6.7M

Total Expenses

$6.7M

=
Net Income

-$1.0

Ebidta Margin

0.00%

+
YOY Growth

=
Rule of 40

0


How did Latka collect this data?

Podcast Youtube video

Latka collected this data by interviewing Bill CEO Rene Lacerte on 12/01/2020

Watch the podcast


Headquarters

Palo AltoCaliforniaUnited States
Website

bill.com

Bill Revenue vs Funding

$Funding$Revenue

Revenue

In 2018, Bill revenue run rate hit $80.0M in revenue.

$80.0M

Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC's?

Bill has raised $259.0M.

Funding DateRoundTotalValuation

Customers

Bill has 66K customers.

Lifetime Months

×
Monthly ARPU

$101.0

=
Lifetime Dollars


Acquisition Cost

$1.0K

Average Annual Price

$1.2K

$0$1.2K10 month payback period024681012

Churn

Bill has an annual churn rate of 0.00%

Churn vs Expansion

-100-500%50100
Gross Annual Dollar Churn

-0.00%

Annual Dollar Expansion

0.00%

Net Revenue Retention

100.00%

Team

Employees

Bill has 726 employees. They have 106 sales reps that carry a quota They have an engineering team of 163. and a marketing team of 33.

201820192020155.00%▲15.00%▲
DistributionQty

Total Team Size

726

Engineers

163 (22%)

Sales

106 (15%)

Marketing

33 (5%)

CEO/Founder

Rene Lacerte

René Lacerte is a fintech entrepreneur and the founder and CEO of Bill.com, one of the nation's leading business payments networks. At Bill.com, he works with some of the nation’s largest banks and accounting firms to redefine how business payments are made. René founded Bill.com in 2006 after recognizing that business owners needed a way to simplify payments so they could focus on their business. He is a fourth-generation entrepreneur and has over 20 years of experience in the finance, software, and payments industries. Prior to Bill.com, René founded PayCycle, the first and largest online payroll solution which was acquired by Intuit in 2009. Early in his career, he spent five years at Intuit, growing its bill payment and credit card businesses and launching Intuit’s first connected payroll product. René was an E&Y Entrepreneur of the Year national finalist and the Northern California winner in 2017. For seven years in a row he has been named one of the 100 most influential people in the accounting industry by Accounting Today. He is a graduate of Stanford University, where he received an M.S. in industrial engineering and a B.A. in quantitative economics.


CEO Q&A

What's your age?

50

Favorite online tool?

21:53 Google Docs

Favorite book?

The Advantage

Favorite CEO?

Pete Kite (CheckFree), Bill Campbell

Advice for 20 year old self

Don't stress over the hard decisions


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Frequently Asked Questions about Bill

When was Bill founded?

Bill was founded in 2008.


Who is the CEO of Bill?

The CEO of Bill is Rene Lacerte


How many employees does Bill have?

Bill has 726 employees.

How much revenue does Bill generate?

Bill generates $80.0M in revenue.


How much funding does Bill have?

Bill has raised $259.0M.


Where is Bill headquarters?

Bill is headquartered at Palo AltoCaliforniaUnited States

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