Philadelphia-area fintech Billtrust makes $58M acquisition in its first deal since SPAC IPO
Yahoo! Finance
When Billtrust went public via a SPAC deal earlier this year, founder and CEO Flint Lane said the chief motivation was to enable the business-to-business online payments company to become more acquisitive. On Tuesday, Billtrust (NASDAQ: BTRS) completed its first acquisition since it closed the IPO, buying Belgian collections management software provider iController for $58 million. Lawrenceville, New Jersey-based Billtrust said it financed the deal with cash on hand – and it has quite a bit of...
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