Cloud payment software producer Bill.com raised the cash at a valuation of more than $1bn, securing investments from Mastercard and Fleetcor in the process.
US-based business payments software provider Bill.com received $88m on Tuesday in a funding round led by investment manager Franklin Templeton that included payment services provider Mastercard and payment product supplier Fleetcor.
Fidelity Investments Canada, a branch of investment and financial services group Fidelity, also took part in the round, alongside boutique investment firm Kayne Anderson Rudnick, venture capital firm Cross Creek and Singaporean state-owned investment firm Temasek.
Bill.com runs a cloud payment platform designed for use by small and medium-sized…
