BILL has selected Adyen to offer advanced acquiring and issuing experiences for its accounts payable and accounts receivable solutions.
The company has integrated Adyen’s card issuing tools into its virtual card offering.
Formerly known as Bill.com, the company rebranded to BILL in 2022.
Small business financial automation solutions provider BILL unveiled this week it has selected payments technology platform Adyen to offer advanced acquiring and issuing experiences for its accounts payable (AP) and accounts receivable (AR) solutions.
BILL has integrated Adyen’s card issuing services into its virtual card offering as part of its AP and AR solutions. The California-based company expects Adyen’s technology to drive more opportunities for SMBs and help them deliver more seamless payment experiences.
“We are proud to be a part of BILL’s focus on helping SMBs thrive as we scale our relationship into card issuing with a category leader in financial operations,” said Adyen SVP of Platforms and Financial Products Blake Breathitt. “With our licensing framework and embedded financial products both integrated together, we look forward to being a part of BILL’s robust ecosystem of card products and services.”
Sweden-based Adyen was founded in 2006 and offers payment acceptance, embedded payments, virtual card capabilities, authentication, risk management, insights, and more. Among the company’s corporate clients are Meta, Uber, H&M, eBay, and Microsoft.
BILL was founded as Bill.com in 2006, went public in 2019, and rebranded to its current name in 2022. The company has a current market capitalization of $8.19 billion. Regarding today’s move with Adyen, company Chief Commercial Officer Loren Padelford said, “Helping our SMB customers manage their cash flow means making their payments easy and secure. Because of their trust in BILL, our customers can easily make their payments and get back to running their business.”
Photo by Pixabay
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