Diligence memo · auto-generated · as of July 2, 2026
Bill.com Holdings, Inc.
Bill.com Holdings, Inc. looks over-valued against its niche peers and is dormant on financing cadence.
Businessfiled
Bill.com Holdings, Inc. operates in Fintech, based in San Jose. The AP, AR, and spend & expense solution that lets you create and pay bills, manage expenses, control budgets, and get the credit your business/firm needs to grow.
Sub-sector tags: ai/ml, fintech.
Capital & rounds (filed)filed
Bill.com Holdings, Inc. has raised $1.7B in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $1.7B on 2021-06-01.
Most recent recorded round closed around 2021-06-01.
Valuation (modeled)modeled
Provath models Bill.com Holdings, Inc. at approximately $46.3B (range $12.7B–$77.1B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Over-valued. Modeled value is 4.44× the median modeled value of Growth/Late Fintech companies in 2019–2021 (5 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Last raise 5.1 yr ago; this sector typically re-raises about every 12 months.
Only one round on record and long silent — often defunct, acquired, or gone quiet.
Comparablesmixed
Capital scale ranks ahead of 100% of Fintech peers (1063 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Rappi, Inc., FTX Trading Ltd., MNT-Halan, Adumo.
Peoplefiled
15 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
Modeled above niche peers — valuation risk on entry.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.