# Billtrust

Billtrust is an Asset Manager based in Nashville, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Nashville, United States
- **Region:** North America
- **Address:** 1222 Demonbreun St, Suite 900, Nashville, Tennessee 37203, United States
- **Assets under management:** Undisclosed
- **Website:** billtrust.com
- **LinkedIn:** https://www.linkedin.com/company/99112

## Regulatory record

- **Reports private funds:** No

## About

Billtrust provides AI-powered accounts receivable software that automates the order-to-cash process and accelerates cash flow. The software includes tools for invoicing, payments, cash application, and collections. The company has operated in accounts receivable for over 24 years and processes over $1 trillion in transactions annually.

## Sectors

- Enterprise Software
- FinTech
- AI/ML
- Payments

## Offices

- Kraków, Poland
- Hyderabad, India
- Hamilton Township, New Jersey, United States
- West Sacramento, California, United States

## Questions

### What does Billtrust actually do?

Billtrust provides a suite of AI-powered accounts receivable software that automates invoicing, payments, cash application, collections, and credit decisions. It targets mid-market and enterprise finance teams seeking to lower day sales outstanding and reduce manual reconciliation work. The platform integrates with over 40 ERPs and 260 AP portals to digitize the entire order-to-cash cycle.

### How does Billtrust make money?

Billtrust generates revenue through a combination of SaaS subscription fees for its AR modules and transaction-based fees on the payment volume it processes. Its embedded payments solution, which supports multiple payment modalities, captures a take rate on the $1T in annual transaction volume it reports. The firm does not disclose a specific split between subscription and transaction revenue.

### Who are Billtrust's investors or parent company?

Billtrust was taken private by EQT Private Equity in 2022 and now operates as a portfolio company. Prior to the EQT acquisition, it was a publicly traded firm on Nasdaq under the ticker BTRS after completing a SPAC merger in 2021.

### Does Billtrust offer payment processing or just software?

Billtrust offers both. It embeds payment processing directly into its invoicing and cash-application workflows, allowing customers to accept electronic payments without a separate gateway. This means Billtrust acts as a merchant of record on payment flows, not solely as a SaaS vendor.

### Which industries does Billtrust serve?

Billtrust serves industries with complex, high-volume receivables processes: wholesale distribution, building materials and construction (White Cap is a disclosed case study), healthcare equipment manufacturing, and media and entertainment (Kinepolis cinemas). It also supports general B2B commerce where electronic-invoice presentment and portal integration drive digital adoption.

## Related profiles

- [ThetaRay](https://altss.com/profile/thetaray)

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Last updated: 2026-07-11T16:16:35.000Z

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