Silicon Canals
No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us
No Result
View All Result
Silicon Canals
No Result
View All Result
Fintech Files is powered by our partner AWS AWS

Visit the AWS Startup Loft to register for the latest events, get free 1:1 support from AWS experts and discover more resources.

Belgian collections software provider startup iController acquired by Billtrust for nearly €50M

Vishal Singh by Vishal Singh
October 14, 2021
in Fintech Files by AWS, Partner content
iController

CEO of iController, Peter Janssens | Image credit: iController

LinkedInTwitterWhatsAppFacebook
Read this article in:

US-based Billtrust, a B2B accounts receivable (AR) automation and integrated payments provider, has announced the acquisition of Belgium-based all-in-one platform for credit management, iController, for $58M (approx €49.9M) in cash.

Speaking on the development, Billtrust Founder & CEO, Flint Lane, says, “Acquiring a great company like iController is consistent with our growth plan of strategic global expansion in targeted ways to broaden our customer footprint and provide extended value to our current customers.”

The credit management platform

In the past, credit management was done using ERP software which had some limitations. There was no overview and a lot of manual work had to be done making it inefficient. This is where founder and CEO of iController Peter Janssens set out to build a modern credit management platform.

Founded in 2007, iController is a SaaS scale-up with headquarters in Ghent, Belgium, and offices in Amsterdam, Manchester, and Frankfurt. The company is empowering the credit controller to follow up on unpaid invoices, helping credit management teams to have a set-up and procedures, and allowing financial directors a clear overview at all times.

Speaking on the development, Janssens says, “Joining the Billtrust family will help us more rapidly scale our business and increase the level of resources we can deploy to better serve our growing customer base. Our shared values and aspirations make this an ideal combination for iController.”

What to expect from this acquisition?

With this acquisition, iController’s team will continue to operate from its offices in Ghent, Belgium, and Amsterdam, expanding Billtrust’s strategic presence in the region.

Billtrust’s President Steve Pinado says, “We are pleased to welcome Peter Janssens and the entire iController team to Billtrust. With 566 European customers, iController is a powerful resource for credit and collections professionals and a strong strategic fit for Billtrust, expanding our physical presence in the European market while enhancing our global collections capabilities.”

About Billtrust

Founded in 2001 by Flint Lane, Billtrust is a provider of cloud-based software and integrated payment processing solutions that simplify and automate B2B commerce. 

According to the company, accounts receivable (AR) is broken and relies on conventional processes that are outdated, inefficient, manual, and largely paper-based. This is where Billtrust steps in to provide solutions such as credit decisioning and monitoring, online ordering, invoicing, cash application, and collections.

The company’s solutions provide services to sectors including financial institutions, enterprise resource planning (ERP) systems, and accounts payable (AP) software platforms. 

Billtrust claims that its customers use the platform to transition from expensive paper invoicing and check acceptance to efficient electronic billing and payments, in order to accelerate revenue, generate cost savings, and provide a better user experience.


Fintech Files Powered by AWS

In the new section Fintech Files, in collaboration with AWS, we are keeping tabs (pun intended) on the thriving fintech industry in the Benelux. Want to learn more about the benefits of the cloud, or talk to one of their experts? Visit AWS Startup Loft to register for the latest events, get free 1:1 support from AWS experts and discover more resources. Build and scale your (fintech) startup with $1,000 in AWS Activate credits, free tools, technical support and training to quickly get started with AWS. Learn more about AWS Startup Loft.

Tags: acquisitionBelgian startupfeaturednews
ShareTweetSendShare

Partner content | Partner with us

Germany’s Sastrify expands market reach; acquires Amsterdam-based Pengu and raises fresh funds

Amsterdam-based startups that are fundraising right now

Founders on Bootstrapping: Insight’s Farzan Najmeddin on when to bootstrap, future of work, and funding

Check out the Amsterdam startups that raised funding in November; 5 of them are hiring

Dutch-Swiss startup Cradle raises €21.9M for pioneering Generative AI in protein design

Silicon Canals | Find a job

Top news | from Amsterdam

Amsterdam’s LAYCO raises €300K to make healthcare more sustainable and accessible

Amsterdam’s ImpactPilot set to revolutionise customer success through HubSpot integration

Meet the winners of the Amsterdam Science & Innovation Award 2023

Amsterdam’s grocery app Crisp bags €35M from Adriaan Mol, Thomas Plantenga, others 

Amsterdam fintech Silverflow raises €15M to fuel its “aggressive” global expansion plans

  • About Silicon Canals
  • Partner with Silicon Canals
  • Impressum
  • Contact us
  • Sign up for our newsletter!
  • Find a job
  • Disclaimer
  • Privacy Policy
  • Cookie Policy (UK)
  • Cookie Policy (EU)
  • Terms & Conditions Silicon Canals

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

No Result
View All Result
  • Home
  • News
    • News
    • Startups
    • Scaleups
    • AI and chatbots
    • FinTech
    • Business Wire
    • Travel & Mobility
    • Coin Canals
    • Software & SaaS
    • Event News
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Exclusive content
    • Partner content
    • Amsterdam
    • Community partners
    • Remote: Tech Talent Report
    • Guest Contributions
  • Find a job
  • Tech Events
    • Technology Events
    • Event News
    • Submit event
  • Contact
    • Contact us
    • Sign up for our newsletter!
    • Contribute your content
    • Team
    • About us
  • Partner with us

Silicon Canals © 2014-2023 | Design: Bright Idiots. Images: Depositphotos

X
X