Current portfolio


Leading business-to-business accounts receivable automation and integrated payments provider

Founded in 2001, Billtrust provides accounts receivable automation and B2B payments for suppliers across the United States and Europe.


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.

  • Chairperson
    David Post
  • Board member
    John Coughlin
  • Board member
    Arvindh Kumar
  • Board member
    Flint Lane
  • Board member
    Eric Palmer
  • Board member
    Sunil Rajasekar
  • Board member
    Yael Zheng


  • CEO
    Sunil Rajasekar
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