Invoice2go Money
“Can BILL use Invoice2go's mobile-first SMB base as a distribution channel for its broader payments and financial operations stack?”
Founded2002
HQRedwood City, California, USA / Sydney, Australia
FoundersChris Strode
Total raised$60M (pre-acquisition)
Latest roundAcquired by BILL (2021)
IndustryVertical SaaS / SMB Invoicing
The story
Invoice2go started as a pure mobile invoicing tool for micro-businesses. It expanded into embedded finance in 2019-2020 with Square Capital lending and its own 'Money' bank account, first sponsored by TransPecos Banks SSB and later transitioned to Blue Ridge Bank. After being acquired by BILL in 2021, Invoice2go has been progressively integrated into BILL's stack — ACH payments are now explicitly 'powered by BILL' — and marketed as 'Invoice2go from BILL', suggesting a strategic shift toward being BILL's SMB front-end rather than an independent embedded-finance platform.
Last 12 months
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Product timeline
2002
Invoice2go founded in Erina, Australia by Chris Strode as a mobile invoicing app for small businesses· founding
2019
Partnered with Square Capital to embed access to business loans inside the Invoice2go mobile app — Square Capital's first embedded partner· lending
2020
Launched Invoice2go Money — a zero-fee small business bank account and debit card, initially in partnership with TransPecos Banks, SSB· banking
2021
Acquired by BILL (Bill.com) to expand BILL's SMB reach· acquisition
2023
Business Deposit Account Agreement lists Blue Ridge Bank, N.A. as the sponsor bank (transition from TransPecos)· banking
2025
ACH payments now powered by BILL (parent company); Money product rebranded as 'Invoice2go from BILL'· pivot
Same company
Invoice2go Money was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
6 layers disclosed in Invoice2go Money’s embedded-finance stack
Payments / PSP
BILLInvoice2go Money (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Sponsor bank
in the full report
Accounting
in the full report
Accounting gap: minor
7 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.