Billtrust

Billtrust’s software platform helps its customers digitize and streamline their finance operations by removing manual processes across order management, credit management, invoicing, payments processing, collections, and cash reconciliation. In addition, Billtrust’s Business Payments Network (“BPN”) is a fast-growing 2-sided network connecting buyers and suppliers and represents a unique and differentiated offering in the market. The company has over 800 employees across the globe.

Market Trends and Drivers
The market is largely underpenetrated, with nearly half of B2B invoices and payments still sent via paper. The Company is well positioned to benefit from underlying market penetration, including the continued mix shift toward digital invoices and payment modalities.

Investment Potential
EQT X will support Billtrust in its next phase of growth across a number of value creation initiatives including driving cross-sell of software modules, accelerating growth in payments offerings, enabling operational efficiencies, and continuing product expansion (both organic and through strategic M&A), with a vision to build Billtrust into a broader "Office of the CFO" platform.