Prior to going public through a SPAC merger in 2020, Billtrust made nine acquisitions — most recently of Order2Cash, a cash processes management platform — and raised over $100 million in venture capital. At one point in time, its customers included a number of newspaper groups, which used Billtrust to power online billing for subscriptions. “This transaction marks the beginning of an exciting new chapter for Billtrust, our customers and employees while providing shareholders an immediate and substantial cash value with a compelling premium,” Lane said in a statement. “We believe business-to-business payments and accounts receivable continue to be ripe for massive disruption and innovation, and our partnership with EQT will provide us with greater resources and flexibility to build on our leadership position.”

https://techcrunch.com/2022/09/28/eqt-acquires-billtrust-a-company-automating-the-invoice-to-cash-process-for-1-7b/