The online cash management company has closed a series D round with participation from a Citigroup subsidiary, taking its financing over the $40m mark.
Business cash management application Bill.com closed a $15.5m series D funding round on Wednesday with investment from Financial Partners Fund (FPF), a division of financial services firm Citigroup among the backers.
Also participating in the round were venture capital firms Doll Capital Management, August Capital, Jafco Ventures, Total Technology Ventures and Emergence Capital Partners. Bill.com has now raised more than $41m in funding altogether.
Bill.com’s platform works by linking the kind of Excel spreadsheets generally used for accounting by businesses…
