Biller Genie, a cloud-based accounts receivable (AR) software-as-a-service platform (SaaS) that automates online payments, has raised $3.5 million in Seed round led by Henry Helgeson, founder, and CEO of Boston-based fintech enterprise, Cayan.
Additional investors include Newtek Business Services Corporation; Omar Soliman, co-founder and CEO of College HUNKS Hauling Junk & Moving; Shai Stern, co-chairman and CEO of CheckAlt LLC; and Harish Nataraj, managing director at York Capital Management, among others.
Biller Genie plans to use its seed funding to scale operations, accelerate distribution and develop new features.
Company: Biller Genie Software, LLC
Raised: $3.5M
Round: Seed Round
Funding Month: August 2021
Lead Investors: Henry Helgeson
Additional Investors: Newtek Business Services Corporation, Omar Soliman, Shai Stern, and Harish Nataraj
Company Website: https://www.billergenie.com/
Software Category: automated cloud-based A/R platform
About the Company: Biller Genie provides an automated cloud-based A/R platform that integrates existing business processes for small and mid-sized businesses. Biller Genie connects “all major payment processing platforms” with popular account software like Xero and Quickbooks, helping businesses enjoy a shorter invoice-to-cash cycle. The company officially launched its software-as-a-service (SaaS) model in the early part of 2020 and anticipates managing more than $2 billion in yearly invoice volume by the end of 2021.
Source: https://www.pymnts.com/news/b2b-payments/2021/accounts-receivable-biller-genie-funding/