Bill.com Raises Another $8.5 Million To Streamline Business Bill Payments

Bill management and payments service Bill.com has raised another $8.5 million in additional funding. The new round was led by Jafco Ventures with DCM , Emergence Capital and August Capital participating. This brings Bill.com's total funding to over $25 million. Bill.com helps businesses streamline the confusing processes that are involved in paying bills at large companies. Unlike your typical personal bill payments, which simply require hopping onto your bank’s website and transferring funds, large busineses typically have fairly complex approval processes in place before a bill gets paid: various managers have to sign off on the bills, and then they have to get sent to the finance department that handles the actual payments. In fact, businesses are still shuffling and filing paper and printing, signing and mailing paper checks.