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Billtrust, a B2B provider of cloud-based software and integrated payment processing solutions, will change its name to BTRS Holdings once the transaction closes. With a cash balance of around $200m and no debt, going public will allow it to grow organically and inorganically, the company said.
“We believe AR [accounts receivable] is ripe for innovation, and together we will continue to invest in opportunities to scale the business, growing both organically and inorganically, as we seek to tackle the large total addressable market,” Lane said in a written statement. The company operates under the premise that AR is “broken and relies on conventional processes that are outdated, inefficient, manual and largely paper-based.”
https://finledger.com/2020/10/19/billtrust-to-go-public-via-spac-in-1-3-billion-deal/
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