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New funding accelerates innovation, product development and go-to-market expansion for industry-leading enterprise revenue lifecycle management platform
denver, January 24, 2024 /PRNewswire/ — BillingPlatform, the enterprise revenue lifecycle management platform for today’s innovative business models, today announced $90 million Growth stock investments from FTV Capital. He is a sector-focused growth equity investor with over 25 years of experience in enterprise technology and services, financial services, payments and transaction processing. This investment will fuel BillingPlatform’s continued expansion. 10 billion dollars This market has grown annually as companies increasingly focus on a comprehensive portfolio of CFO office solutions that enable new revenue streams and go-to-market strategies, reduce revenue leakage, and improve customer satisfaction. It has grown by more than 10%.
FTV Capital’s investment comes as BillingPlatform has recorded significant growth, customer acquisition, industry analyst and award winning results over the past year. BillingPlatform announced new agreements with JP Morgan, CooperSurgical, Juniper Square, and Class, joining its roster of major enterprise customers including Carrier, CCC Intelligent Solutions, Cloudera, Panera, DIRECTV, GoCardless, and Vantage Towers. BillingPlatform has been recognized as a Fastest Growing Company in Deloitte’s Technology Fast 500™ for the fourth year in a row, with 3-year revenue growth of 296%, and as a No. 1 vendor in the influential Billing and Subscription Management Report it was done. Forrester Research, MGI Research, Ventana Research.
FTV Capital implements a flexible financing approach, aligning equity investments with company management teams’ goals to accelerate growth and expansion. Since our company was established in 1998, 6.2 billion dollars and invested $5.2 billion With 140 portfolio companies. With this funding, FTV Capital joins Columbia Capital as a minority institutional investor in BillingPlatform. Kyle Griswold and Richard Liua partner at FTV Capital, will join BillingPlatform’s board of directors.
“Given our long-standing focus and expertise in the financial technology space and sub-sectors such as CFO offices, BillingPlatform has long been on our radar and we continue to be impressed by the company’s consistent growth and top-notch performance. We offer a variety of products,” Griswold said. “Businesses are hungry for cloud-based solutions, but until now, automated billing software has been difficult to implement and inflexible.As the industry seeks further product leadership, BillingPlatform is a new We are poised to accelerate growth and drive market leadership in both our verticals and core areas.”
“In conversations with customers and industry participants, the feedback on BillingPlatform has been outstanding and reinforces the company’s strong position,” Liu added. “BillingPlatform provides a modern, highly configurable and automated approach that not only helps customers drive significant operational efficiencies, but also enables businesses to leverage recurring, pay-as-you-go, and subscription , and can also help create new revenue streams encompassing other hybrid business models.”
“In addition to FTV’s financial investments, the company adds significant value through its deep domain expertise and understanding of sector trends, as well as its extensive global partner network of more than 500 executives from 150 of the world’s largest companies. “There is,” he said. Dennis Wall, CEO of Billing Platform. “With this new partnership, we will have the financial and strategic resources to continue supporting our customers, advance our ambitious growth goals, and expand our leadership as the leading enterprise revenue lifecycle management platform. I can.”
With customers around the world serving multiple industries such as technology, financial services, media and entertainment, logistics, and communications, BillingPlatform helps businesses manage everything from simple to advanced subscriptions. It’s the only billing and revenue management solution on the market that allows you to monetize any type of product offering. Usage-based pricing models and everything in between. BillingPlatform provides complete lifecycle support for the monetization process, from product setup, quoting, billing and billing, and revenue recognition to payment and collections, all on a secure next-generation cloud platform. The platform’s unparalleled flexibility gives businesses control to differentiate themselves in the marketplace, maximize profitability, reduce operating costs, and improve the customer experience.
“Columbia’s confidence in BillingPlatform’s market opportunity has only grown since our initial investment. The company’s clear vision, blue-chip customer base, and world-class management team have proven to be a winning formula. We are excited to embark on the next chapter of our journey in partnership with BillingPlatform and FTV.” Jason Boumaa partner at Columbia Capital.
In connection with this transaction, Stifel served as financial advisor to BillingPlatform, and DLA Piper and Kirkland & Ellis served as legal advisors to the parties. william blair Served as exclusive financial advisor to FTV Capital.
About FTV Capital
FTV Capital is a sector-focused growth equity investment firm. 6.2 billion dollars We invest in high-growth companies that offer a wide range of innovative solutions in three areas: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and track record in each of these areas to help motivated management teams accelerate growth. FTV also provides companies with access to the Global Partner Network®, a group of the world’s leading companies and executives who have supported FTV portfolio companies for 20 years. Founded in 1998, FTV Capital has invested in 140 portfolio companies including Agiloft, Docupace, EBANX, Lean Solutions Group, LoanPro, LogicSource, Neptune Flood Insurance, Patra, PlateIQ, Vagaro, and Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (capitalization), RapidRatings (capitalization), Strata Fund Solutions (acquisition) alter domus), Vpay (acquired by Optum), WorldFirst (acquired by Ant Financial). FTV has offices at San Francisco, new york, connecticut and London. For more information, visit www.ftvcapital.com and follow the company on LinkedIn.
About Billing Platform Co., Ltd.
BillingPlatform empowers businesses with innovative software solutions to optimize revenue generation through every stage of the customer lifecycle and drive growth through operational agility with a frictionless customer experience. Our industry-leading cloud-based platform is used by global companies to optimize the customer journey from idea to revenue. With customers around the world spanning multiple industries including software, finance, media, transportation, and communications, BillingPlatform processes billions of transactions and dollars each year, helping businesses grow revenue, reduce costs, and improve overall improve customer experience. For more information, please visit billingplatform.com.
Press contact:
Abigail Rapoport
billing platform
[email protected]
Prosek Partners representing FTV Capital
Josh Hess
[email protected]
646-818-9291
SOURCE Billing Platform
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