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FT Partners advises Billtrust on its strategic financing from Visa

Overview of Transaction

  • On October 17, 2017 Billtrust announced a strategic investment from Visa
  • Along with the investment, Visa and Billtrust agreed to a strategic partnership which aims to streamline the reconciliation of B2B payments and increase automation of virtual card payments
  • Billtrust is the pioneer of payment cycle management, helping clients automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency and increase customer satisfaction

Significance of Transaction

  • Visa and Billtrust are partnering to integrate Visa’s Straight Through Processing (STP) capabilities with Billtrust’s Virtual Card Capture solution in an effort to automate and streamline the receipt and reconciliation of participating Visa issuers’ virtual commercial card payments
  • Additionally, the investment will help accelerate Billtrust’s growth strategy

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Billtrust and its Board of Directors
  • FT Partners also previously advised Billtrust on its $50 million minority financing from Riverwood Capital
  • FT Partners leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for the Company
  • Transaction demonstrates FT Partners’ continued leadership in the Financial Management Solutions space