Invoice2go, A Leader in Accounts Receivable Software for Small Businesses, Will Be Acquired by Bill.Com.

Bill.com announced today that it has agreed to buy Invoice2go for $625 million in stock and cash. Bill.com is a leading provider of cloud-based software for small and medium-sized businesses that simplifies, digitizes, and automates complex back-office financial operations (SMBs). Invoice2go is a leading provider of mobile-first accounts receivable (AR) software that enables small businesses and freelancers to expand their client base, manage invoicing and payments, build their brand, and much more. From offices in Sydney, Australia, and Palo Alto, California, Invoice2go serves a large global customer base of small businesses.

The acquisition will strengthen Bill.com's current accounts receivable offering and contribute to the company's mission of making it simple to connect and do business. Through mobile and desktop solutions, Invoice2go's AR solution enables businesses to engage and interact with their customers, generate professional invoices, and simplify their AR operations. With electronic payments and Bill.com's platform and payments expertise, there is a significant opportunity to help businesses get paid faster and more conveniently.

Details Regarding the Proposed Acquisition
Both the Invoice2go and Bill.com Boards of Directors have approved the transaction. However, subject to regulatory approvals and other customary closing conditions, it is expected to close by the end of this calendar year.

Bill.com will pay approximately $625 million for Invoice2go (75 percent in Bill.com Common Stock and 25 percent in cash), subject to customary adjustments for such transactions.

About Bill.com
Bill.com is a leading cloud-based software provider for small and medium-sized businesses that simplifies, digitizes, and automates complex back-office financial operations. The Bill.com platform is used by customers to manage end-to-end financial workflows and process payments. The Bill.com AI-powered financial software platform connects businesses with their suppliers and clients. It aids in the management of cash inflows and outflows. The company works with several of the largest financial institutions in the United States, as well as the majority of the top 100 accounting firms and popular accounting software providers. The company's headquarters are in San Jose, California.

About Invoice2go
Invoice2go is a technology company that provides simple tools to freelancers and small businesses to help them with their day-to-day workflow. Users can use our software to expand their client base, manage to invoice and payments, maintain financial wellness, build their brand, and much more.