Billhop is a technology company.
Billhop offers an industry-leading buyer-funded solution that enables enterprises to pay any supplier using credit cards, optimizing cash flow and improving efficiency.
Billhop has raised $25.0M across 3 funding rounds.
Billhop has raised $25.0M in total across 3 funding rounds.
Billhop has raised $25.0M in total across 3 funding rounds.
Billhop's investors include EQT Ventures, Kleiner Perkins, Christian Bach, Daniel Gebler, Dylan Field, Koen Bok, Quinn Slack, Element Ventures.
Billhop is a Swedish fintech company founded in 2012 that provides payment solutions enabling enterprises to pay suppliers via credit card, even those not accepting cards, through its Working Capital and Tail Spend platforms.[1][3][5] It serves large businesses across industries like financial services, oil and gas, manufacturing, pharmaceuticals, and logistics, solving pain points in accounts payable such as low B2B card acceptance (under 20% worldwide), cash flow irregularities, and inefficient low-value payments by offering ERP integrations, international payments, approval workflows, and compliance features.[2][3][5] The company has raised $18.9M in funding, including a $12M round, demonstrating solid growth momentum in the European Economic Area (EEA) with scalable tech for process efficiency and working capital optimization.[3][7]
Billhop was founded in 2012 in Stockholm, Sweden, to address the gap in B2B payments where card acceptance rates lag far behind consumer transactions—often below 20% globally.[1][5][7] The idea emerged from recognizing that businesses could benefit from credit card perks like extended Days Payable Outstanding (DPO) and rewards, but lacked tools to pay non-card-accepting suppliers without cumbersome onboarding.[3][5] Early traction came from strategic partnerships with European banks and financial providers, enabling seamless credit card transactions via API and SFTP integrations with ERPs, which revolutionized tail spend and working capital management for enterprises.[2][3] Pivotal moments include adoption by major global financial institutions for decentralizing indirect spend and settling low-value invoices across Europe, yielding massive operational efficiencies.[2]
Billhop rides the B2B payments digitization wave, capitalizing on rising demand for virtual cards, BNPL-like terms, and procure-to-pay automation amid ERP modernization trends.[1][8] Timing aligns with post-pandemic supply chain pressures and inflation, where enterprises seek working capital optimization—extending DPO via cards while capturing rewards—and tail spend control, areas underserved by traditional banking.[2][5] Market forces like PSD2 regulations in Europe favor its EEA focus, competing with players like Slope, Mondu, and Balance by emphasizing buyer-funded models over seller financing.[1] It influences the ecosystem by enabling decentralized spend authority, reducing AP burdens, and bridging the 80% non-card supplier gap, fostering efficiency in fragmented B2B transactions.[2][5]
Billhop is poised for expansion beyond Europe into global markets, leveraging its $18.9M funding to enhance AI-driven approvals and multi-currency scalability amid growing virtual card adoption.[7][8] Trends like embedded finance and real-time payments will amplify its edge, potentially integrating with rising platforms for full order-to-cash cycles. Its influence may evolve from niche tail spend leader to comprehensive AP powerhouse, as enterprises prioritize cash optimization in volatile economies—reinforcing its mission to transform B2B payments universally.[3][5]
Billhop has raised $25.0M across 3 funding rounds. Most recently, it raised $8.0M Venture Round in September 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2023 | $8.0M Venture Round | EQT Ventures, Kleiner Perkins, Christian Bach, Daniel Gebler, Dylan Field, Koen Bok, Quinn Slack | |
| Feb 1, 2022 | $12.0M Series B | Element Ventures, EQT Ventures, Kleiner Perkins, Christian Bach, Daniel Gebler, Dylan Field, Koen Bok, Quinn Slack | |
| Feb 1, 2021 | $5.0M Series A | Element Ventures |