Enterprise Invoice Payment Platforms sector
Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Enterprise Invoice Payment Platforms
1.1 - About Enterprise Invoice Payment Platforms sector
Companies in this category build platforms that automate and execute supplier payments from approved invoices. Enterprise Invoice Payment Platforms streamline the invoice-to-pay process by consolidating payment methods, remittance data, and approvals into a single workflow, integrated with ERP and procurement systems. They enable finance teams to pay suppliers across ACH, wires, virtual cards, and checks while improving control, visibility, compliance, and payment economics.
Vendors typically offer AP automation paired with invoice-to-pay workflows that route approvals and tokenize supplier accounts, alongside payment orchestration across ACH, wire, virtual card, and check rails. They provide supplier onboarding portals, tax and sanctions screening, and secure bank verification. Remittance delivery and reconciliation tools sync with ERP ledgers, while cross-border payments and FX management, real-time payment status tracking, and APIs support embedded B2B payouts in partner platforms.
These providers serve enterprise AP and finance teams, mid-market organizations, and marketplace operators that need to pay suppliers at scale. Outcomes include faster invoice cycle times and higher straight‑through payment rates, reduced transaction costs through virtual card rebates and ACH optimization, improved cash flow visibility and control, and lower fraud and compliance risk via bank account validation, sanctions checks, and audit-ready reporting.
2. Buyers in the Enterprise Invoice Payment Platforms sector
2.1 Top strategic acquirers of Enterprise Invoice Payment Platforms companies
Bill
- Description: Provider of a cloud-based Cash Flow Command and Control system that manages accounts payable and receivable, offering online bill pay, custom invoicing, unlimited document storage, collaboration tools and mobile access that sync with accounting software and bank accounts to help businesses control financial operations and guard against errors and fraud.
- Key Products:
- Bill.com Platform: Automates accounts payable and receivable, letting businesses pay bills, manage invoices and keep bookkeeping records entirely in the cloud for faster, paperless finance workflows
- Bill.com Connect: White-label, end-to-end payments automation integrated into banks’ single sign-on portals, enabling their customers to initiate and track payments within existing online banking
- Divvy: Expense management solution combining spend-tracking software with corporate smart cards that modernize company finances, control budgets and provide real-time visibility into transactions
- Invoice2go: Mobile-first accounts receivable application for sole proprietors that creates, sends and tracks invoices, accelerating payments and improving cash flow on smartphones.
- Company type: Private company
- Employees: ●●●●●
- Total funding raised: $●●●m
- Backers: ●●●●●●●●●●
- Acquisitions: ●●
2.2 - Strategic buyer groups for Enterprise Invoice Payment Platforms sector
M&A buyer group 1: Accounts Payable Automation
GHX
- Type: N/A
- Employees: ●●●●●
- Description: Provider of cloud-based healthcare supply chain and data management solutions that connect hospitals, suppliers and clinical, finance and supply-chain professionals, automating procure-to-pay, inventory, vendor credentialing, compliance and AR workflows to eliminate costs and improve efficiency in delivering patient care.
- Key Products:
- GHX Marketplace: Cloud platform that shapes demand at point of requisition and automates procure-to-pay processes, guiding users to choose correct products from approved sources, speeding purchasing accuracy
- Order Automation Solutions: Software that automates and standardizes end-to-end order workflows, creating more perfect orders, reducing manual effort and errors for providers and suppliers
- Inventory Software & Count Services: Tools that enhance supply visibility with real-time tracking and physical count services, helping organizations accurately manage stock and avoid shortages or overages
- AR Automation: E-solution that digitizes accounts receivable workflows, improves cash flow and operational efficiency while strengthening supplier relationships through faster, automated payments.
Buyer group 2: ████████ ████████
●● companiesBuyer group 3: ████████ ████████
●● companies3. Investors and private equity firms in Enterprise Invoice Payment Platforms sector
3.1 - Buyout funds in the Enterprise Invoice Payment Platforms sector
2.2 - Strategic buyer groups for Enterprise Invoice Payment Platforms sector
4 - Top valuation comps for Enterprise Invoice Payment Platforms companies
4.2 - Public trading comparable groups for Enterprise Invoice Payment Platforms sector
Valuation benchmark group 1: B2B Payments Automation Companies
WEX
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of corporate payment solutions and fleet management services, offering fuel cards, data and telematics services, and virtual payment solutions to streamline business operations and manage expenses for commercial and government fleets worldwide.
- Key Products:
- Fleet Fuel Cards: Fuel management and payment cards for commercial fleets
- Virtual Payments: Payment solutions for travel agencies and cross-border transactions
- Telematics Services: Data and telematics offerings for fleet management
- Health Benefits Administration: Plan administration services for consumer-directed health benefits
- Analytics Solutions: Expense and capital management tools for fleets.