“Can an AI-powered B2B order-to-cash platform become the definitive intelligence and automation layer for enterprise AR — from credit decisioning through payment collection and cash forecasting?”
Founded in 2001 as an invoice-to-cash automation platform for B2B suppliers, Billtrust expanded from paper invoice management into a full order-to-cash (O2C) suite covering credit, invoicing, payments, cash application, and collections. The company went public via SPAC in 2021, then was taken private by EQT in 2023. Since then, Billtrust has leaned heavily into AI-driven capabilities — including Agentic Credit Lines and AI-powered cash forecasting — positioning itself as the intelligence layer for B2B AR workflows rather than just a payments processor.
Billtrust discloses Fifth Third Bank as its banking provider, according to the Embedded Finance Index 2026.
Billtrust does not disclose a bank charter of its own; its banking services are provided through Fifth Third Bank.
Billtrust processes payments through Worldpay.
The Embedded Finance Index 2026 maps 4 layers in Billtrust's stack: Payments / PSP (Worldpay); Banking / BaaS (Fifth Third Bank); Lending (Agentic Credit Lines, Credit Application and Credit Management Software); Tax (Avalara).
Billtrust is founded in 2001 and headquartered in Hamilton Township, New Jersey, USA.
Get a read on where your own stack stands against Billtrust and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.