Today: Jul 22, 2024

FTV Capital ignites BillingPlatform’s expansion with $90m backing.

6 months ago

BillingPlatform, an enterprise revenue lifecycle management platform, has received a $90m investment from FTV Capital. The capital injection will support BillingPlatform’s expansion efforts in a $10bn market. The company offers a comprehensive suite of solutions that unlock new revenue streams, fortify go-to-market strategies, and amplify customer satisfaction for enterprises. The investment from FTV Capital is a testament to BillingPlatform’s impressive growth, customer acquisitions, and recognition from industry analysts and awarding bodies. With a three-year revenue growth rate of 296%, BillingPlatform has been named to Deloitte’s Technology Fast 500™ for four consecutive years and received high rankings from Forrester Research, MGI Research, and Ventana Research. FTV Capital has a track record of success in enterprise technology and financial services and will work with BillingPlatform to fuel accelerated growth and expansion. BillingPlatform joins other companies in FTV Capital’s portfolio and will have two partners from FTV Capital joining its board of directors. BillingPlatform CEO Dennis Wall expressed excitement about the partnership and the resources it provides to support its customers and maintain its market leadership. BillingPlatform is unique in its offering as the only billing and revenue management solution that empowers enterprises to monetize any product offering, from simple subscriptions to complex usage-based pricing models. The platform provides end-to-end support for the monetization process, including product setup, quoting, billing, invoicing, revenue recognition, payment, and collections. This versatility positions enterprises to optimize profitability, trim operational costs, and enhance the customer experience.