Bill.com has agreed to acquire Invoice2go in a stock and cash transaction valued at approximately $625 million.
Invoice2go is a mobile-first accounts receivable (AR) software provider that empowers small businesses and freelancers to grow their client base, manage invoicing and payments, build their brand, and much more.
With offices in Sydney, Australia and Palo Alto, California, Invoice2go serves a large global customer base of small businesses.
The acquisition will enhance Bill.com’s current accounts receivable offering and supports Bill.com’s mission to make it simple to connect and do business. Invoice2go’s AR solution makes it easy for businesses to engage and interact with their customers, generate professional invoices, and simplify their AR operations through mobile and desktop solutions.