Fenwick & West represented Bill.com, a leading business payments network, in its $88 million financing. The round was led by Franklin Templeton, with participation from Mastercard, Fidelity Investments Canada ULC, Temasek and others.
Bill.com is positioned to scale with a network of more than 3M members paying and getting paid with Bill.com. The company manages more than $60B in annual payment volume and has partnerships with leading U.S. financial institutions and technology companies that reach millions of businesses, resulting in increased market adoption of digital B2B payments. More information about Bill.com’s $88 million financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate lawyers Mark Stevens, Dawn Belt, Andrew Harper, Noah Johnson and Kate Bridge.