SAN JOSE, Calif.--(BUSINESS WIRE)--BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), has once again been named to G2’s annual Best Software Awards, with BILL Accounts Payable and Accounts Receivable maintaining the top position again this year on G2’s Top 50 Accounting and Finance Software Products for 2024 list. G2’s annual Best Software Awards rank the world’s best software companies and products based on authentic, timely reviews from real users. “SMBs ...

BILL Holdings (BILL) reported second-quarter fiscal 2024 earnings of 63 cents per share, beating the Zacks Consensus Estimate by 53.66% and jumping 50% year over year.Revenues of $318.5 million increased 22.5% on a year-over-year basis and comfortably surpassed the consensus mark of $297 million. The top line was driven by 19% year-over-year growth in BILL’s core revenues.BILL processed $75 billion in total payment volume (TPV) in the reported quarter, reflecting an increase of 11.3% year over year. This in ...

Investor Deck February 2024 In addition to financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this presentation contains non-GAAP financial measures, including non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, and non-GAAP net income (loss). The non-GAAP financial information is presented for supplemental informational purposes only and is not intended to be considered in isolation or as a subs ...

Financial Data and Key Metrics Changes - Revenue for Q2 was $318 million, reflecting a 22% year-over-year growth [4][34] - Non-GAAP net income was $73 million, up 48% year-over-year, with a non-GAAP net income margin of 23% [18][34] - Free cash flow reached $74 million, representing a 23% margin, and float revenue increased by 50% year-over-year to $44 million [20][21] Business Line Data and Key Metrics Changes - Subscription revenue was $63 million, up 3% year-over-year, while transaction revenue was $212 million, up 25% year-over-year [35] - Total payment volume (TPV) was $75 billion in Q2, reflecting an 11% year-over-year growth, with stand-alone TPV growth improving to 10% year-over-year [19][34] - BILL's Spend and Expense card payment volume was $4.2 billion in Q2, increasing by 28% year-over-year [19] Market Data and Key Metrics Changes - The number of BILL's stand-alone customers increased by 18% year-over-year, with net new adds for the quarter totaling 10,100 [36] - The company retained the majority of customers who used Simple BILL Pay prior to its sunset, with a 28% year-over-year growth in Spend and Expense spending businesses [20] Company Strategy and Development Direction - The company aims to be the essential financial operations platform for SMBs, focusing on modernizing and streamlining financial operations [4][5] - There is a strategic emphasis on enhancing payment experiences and driving penetration of ad valorem solutions, particularly through card offerings and international payments [31][32] - The company is adapting its go-to-market strategy to leverage partnerships with financial institutions and accounting firms to reach SMBs more effectively [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding SMB spending trends, noting early signs of improvement but expecting continued choppiness in the market [23][45] - The outlook for Q3 includes an expected total payment volume increase of approximately 10% year-over-year, with non-GAAP net income projected between $56 million to $66 million [24][41] - Management highlighted the importance of adapting to macroeconomic conditions and focusing on higher propensity-to-spend customers to drive future growth [66][88] Other Important Information - The company incurred $25 million in restructuring charges in Q2 as part of efforts to enhance profitability and reallocate resources [22][39] - Non-GAAP operating expenses were $229 million, flat sequentially, with G&A expenses elevated due to increased provisions for credit losses [21] Q&A Session Summary Question: Expectations on revenue growth trajectory - Management indicated a conservative approach due to the macro environment, expecting some choppiness ahead [45] Question: Take rate trajectory and payment acceptance costs - Management noted that customers are increasingly focused on costs, impacting payment choices and monetization [46][47] Question: Distribution strategy and embedded finance - The company is focused on enhancing its distribution channels through partnerships and embedded solutions to better serve SMBs [48][49] Question: Customer acquisition and marketing spend - Management acknowledged lower marketing spend impacting customer additions but emphasized a focus on acquiring higher-quality customers [53][66] Question: Partnership with Bank of America - Management clarified that while serving new small business customers continues, the strategy for existing customers is evolving due to changes in BofA's payment strategy [81][113]

For the quarter ended December 2023, BILL Holdings (BILL) reported revenue of $318.5 million, up 22.5% over the same period last year. EPS came in at $0.63, compared to $0.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $296.62 million, representing a surprise of +7.38%. The company delivered an EPS surprise of +53.66%, with the consensus EPS estimate being $0.41.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Shares of Bill Holdings Inc. seesawed in after-hours trade on Thursday, as strong quarterly results ran up against questions about the business-assistance software platform’s more upbeat profit outlook following steep cuts two months ago, amid continued caution on spending among its small-business customers. Shares were down 3.6% after hours, after initially jumping 15% following the closing bell. Shares of Bill are down 24.2% over the past 12 months. For its full year, which ends on June 30, Bill said it e ...

Part I. FINANCIAL INFORMATION [Item 1. Financial Statements (Unaudited)](index=6&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) Presents the unaudited condensed consolidated financial statements for BILL Holdings, Inc., including balance sheets, statements of operations, and cash flows, with detailed accounting policy notes [Note 1 – The Company and Its Significant Accounting Policies](index=12&type=section&id=Note%201%20%E2%80%93%20The%20Company%20and%20Its%20Significant%20Accounting%20Policies) The company provides a SaaS platform for payments and spend management, primarily automating accounts payable and receivable, with minimal international revenue - The Company provides a SaaS, cloud-based platform for payments, spend, and expense management, primarily automating accounts payable and receivable for its users[70](index=70&type=chunk) - The company operates as a single operating segment, with revenue from customers outside the U.S. approximately **3% of total consolidated revenue** for the three and six months ended December 31, 2023 and 2022[45](index=45&type=chunk) [Note 2 – Revenue](index=14&type=section&id=Note%202%20%E2%80%93%20Revenue) Details revenue disaggregation by source and remaining performance obligations, noting a key customer contract under discussion Revenue Disaggregation by Source (in thousands) | Revenue Source | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | Small-to-midsize businesses, etc. | $269,845 | $220,406 | | Financial institutions | $5,147 | $10,689 | | **Total subscription and transaction fees** | **$274,992** | **$231,095** | | Interest on funds held for customers | $43,503 | $28,911 | | **Total revenue** | **$318,495** | **$260,006** | - As of December 31, 2023, the company had approximately **$110.0 million in remaining performance obligations**, with a single customer representing about **44%** of this total, and the contract is under discussion for a potential amendment[84](index=84&type=chunk) [Note 3 – Fair Value Measurement](index=15&type=section&id=Note%203%20%E2%80%93%20Fair%20Value%20Measurement) Explains the fair value measurement hierarchy for financial assets and presents a breakdown of assets measured at fair value - The company measures cash equivalents, short-term investments, and certain funds held for customers at fair value using a three-level hierarchy, where Level 1 inputs are quoted prices in active markets, Level 2 are observable inputs, and Level 3 are unobservable inputs[110](index=110&type=chunk)[111](index=111&type=chunk)[85](index=85&type=chunk) Assets Measured at Fair Value (in thousands) as of Dec 31, 2023 | Asset Category | Level 1 (in thousands) | Level 2 (in thousands) | Level 3 (in thousands) | Total (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Cash equivalents | $993,163 | $48,706 | $— | $1,041,869 | | Short-term investments | $— | $972,621 | $— | $972,621 | | Funds held for customers | $1,449,575 | $1,075,787 | $— | $2,525,362 | | **Total Assets** | **$2,442,738** | **$2,097,114** | **$—** | **$4,539,852** | [Note 4 – Short-Term Investments and Funds Held for Customers](index=19&type=section&id=Note%204%20%E2%80%93%20Short-Term%20Investments%20and%20Funds%20Held%20for%20Customers) Provides the composition of short-term investments and funds held for customers, noting unrealized losses on debt securities Composition of Short-Term Investments and Funds Held for Customers (in thousands) | Category | Dec 31, 2023 (in thousands) | June 30, 2023 (in thousands) | | :--- | :--- | :--- | | **Short-term investments** | $972,621 | $1,043,110 | | **Funds held for customers** | $3,655,435 | $3,355,909 | - As of December 31, 2023, approximately **130 out of 440 available-for-sale debt securities** were in an unrealized loss position, primarily due to changes in market interest rates rather than credit issues, with no intent to sell before recovery[97](index=97&type=chunk)[122](index=122&type=chunk) [Note 5 – Acquired Card Receivables](index=22&type=section&id=Note%205%20%E2%80%93%20Acquired%20Card%20Receivables) Presents the aging of acquired card receivables and discusses the provision for expected credit losses, reflecting portfolio growth and delinquencies Acquired Card Receivables Aging (in thousands) | Past Due Status | Dec 31, 2023 (in thousands) | June 30, 2023 (in thousands) | | :--- | :--- | :--- | | Current and < 30 days | $524,440 | $463,704 | | 30 ~ 59 days | $5,570 | $2,507 | | 60 ~ 89 days | $5,584 | $4,544 | | 90 ~ 119 days | $2,511 | $3,196 | | Over 119 days | $384 | $197 | | **Total** | **$538,489** | **$474,148** | - The provision for expected credit losses on acquired card receivables increased to **$26.3 million** for the six months ended Dec 31, 2023, up from **$15.1 million** in the prior year period, due to portfolio growth and an increase in delinquencies[103](index=103&type=chunk)[128](index=128&type=chunk) - As of December 31, 2023, the company and its partner banks had approximately **$2.1 billion** in unused credit available to spending businesses[101](index=101&type=chunk) [Note 6 – Debt and Borrowings](index=23&type=section&id=Note%206%20%E2%80%93%20Debt%20and%20Borrowings) Summarizes the company's debt, including revolving credit facility borrowings and convertible senior notes, detailing terms and effective interest rates Debt and Borrowings Summary (in thousands) | Liability | Dec 31, 2023 (in thousands) | June 30, 2023 (in thousands) | | :--- | :--- | :--- | | Borrowings from revolving credit facility | $135,021 | $135,046 | | Convertible senior notes, net | $1,708,208 | $1,704,782 | | **Total** | **$1,843,229** | **$1,839,828** | - The company has two series of **0% convertible senior notes** outstanding: **$575.0 million due 2027** and **$1.15 billion due 2025**, with an intent to settle conversions via a combination of cash for principal and shares for any excess value[153](index=153&type=chunk)[134](index=134&type=chunk)[131](index=131&type=chunk) - As of December 31, 2023, the company had borrowed **$135.0 million** against its **$225.0 million Revolving Credit Facility**, which matures in June 2024, at an effective interest rate of **8.31% per annum**[142](index=142&type=chunk) [Note 7 – Stockholders' Equity](index=27&type=section&id=Note%207%20%E2%80%93%20Stockholders'%20Equity) Details stock-based compensation by award type and reports on the completion of the company's share repurchase program Stock-Based Compensation by Award Type (in thousands) | Award Type | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | Restricted stock units (RSUs) | $57,495 | $101,266 | | Stock options | $2,784 | $13,117 | | Performance-based awards | $4,253 | $3,157 | | Employee stock purchase plan | $1,462 | $2,961 | | Market-based RSUs | $1,415 | $1,254 | | **Total** | **$67,409** | **$121,755** | - The company completed its **$300.0 million share repurchase program** as of December 31, 2023, having repurchased **2.7 million shares for $196.7 million** during the three months and **2.9 million shares for $212.7 million** during the six months ended December 31, 2023[170](index=170&type=chunk)[146](index=146&type=chunk) [Note 8 – Other Income, Net](index=28&type=section&id=Note%208%20%E2%80%93%20Other%20Income%2C%20Net) Provides a breakdown of other income, net, including interest expense and interest income Components of Other Income, Net (in thousands) | Component | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | Interest expense | $(4,753) | $(3,562) | | Interest income | $33,781 | $20,910 | | Other | $(109) | $(326) | | **Total other income, net** | **$28,919** | **$17,022** | [Note 9 – Income Taxes](index=28&type=section&id=Note%209%20%E2%80%93%20Income%20Taxes) Reports the income tax provision, primarily driven by estimated cash tax liability from R&D capitalization, offset by deferred tax liability reduction - The income tax provision for the three and six months ended December 31, 2023, was approximately **$1.7 million** and **$2.2 million**, respectively, primarily due to an estimated cash tax liability from R&D cost capitalization, partially offset by a reduction in net deferred tax liability from current year losses[171](index=171&type=chunk)[201](index=201&type=chunk) [Note 11 – Restructuring](index=30&type=section&id=Note%2011%20%E2%80%93%20Restructuring) Details the restructuring plan announced in December 2023, including workforce reduction and office closure, and associated expenses - On December 5, 2023, the company announced a restructuring plan involving a reduction of its global workforce and the closure of its Sydney, Australia office, expected to be substantially completed by June 30, 2024[175](index=175&type=chunk) - For the three and six months ended December 31, 2023, the company recorded restructuring expenses of **$25.1 million**, which included **$3.4 million** of stock-based compensation[203](index=203&type=chunk) [Note 12 – Net Loss Per Share Attributable to Common Stockholders](index=30&type=section&id=Note%2012%20%E2%80%93%20Net%20Loss%20Per%20Share%20Attributable%20to%20Common%20Stockholders) Explains the calculation of net loss per share, noting the exclusion of potentially dilutive securities due to their anti-dilutive effect - Potentially dilutive securities, including **7.8 million shares** from RSUs and stock options, were excluded from the diluted net loss per share calculation as they would have been antidilutive[176](index=176&type=chunk)[204](index=204&type=chunk) - Approximately **8.5 million shares** underlying the conversion option of the Convertible Notes are not included in the diluted net loss per share calculation as they would be anti-dilutive[177](index=177&type=chunk) Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | Dec 31, 2023 (in thousands) | June 30, 2023 (in thousands) | | :--- | :--- | :--- | | **Total Current Assets** | $6,956,047 | $6,673,164 | | **Total Assets** | $9,872,411 | $9,636,018 | | **Total Current Liabilities** | $4,118,192 | $3,753,436 | | **Total Liabilities** | $5,920,566 | $5,550,049 | | **Total Stockholders' Equity** | $3,951,845 | $4,085,969 | Condensed Consolidated Statements of Operations Highlights (in thousands, except per share amounts) | Metric | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | | :--- | :--- | :--- | | **Total Revenue** | $318,495 | $260,006 | | **Gross Profit** | $260,118 | $212,539 | | **Loss from Operations** | $(67,674) | $(112,463) | | **Net Loss** | $(40,421) | $(95,076) | | **Net Loss Per Share (Basic & Diluted)** | $(0.38) | $(0.90) | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=32&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Provides management's analysis of financial condition, operational results, key business metrics, liquidity, capital resources, and critical accounting estimates [Overview and Key Business Metrics](index=32&type=section&id=Overview%20and%20Key%20Business%20Metrics) Presents an overview of BILL's financial operations platform for SMBs, highlighting revenue growth, net losses, and macroeconomic impacts on customer spending - BILL is a financial operations platform for SMBs, automating payables, receivables, and spend management, experiencing **22% YoY revenue growth to $318.5 million** for the quarter, while net losses narrowed to **$40.4 million** from **$95.1 million** in the prior-year quarter[181](index=181&type=chunk)[209](index=209&type=chunk) - Macroeconomic factors like interest rate increases and inflation have caused SMB customers to moderate expenditures and shift to lower-cost payment methods, impacting payment volume and transaction fee growth[210](index=210&type=chunk) Key Business Metrics (as of Dec 31, 2023) | Metric | Q2 FY24 | Q2 FY23 | YoY Growth | | :--- | :--- | :--- | :--- | | Businesses using our solutions | 473,500 | 435,800 | 9% | | Total Payment Volume (TPV, in billions) | $74.9 | $67.3 | 11% | | Transactions processed (in millions) | 25.6 | 20.8 | 23% | [Results of Operations](index=38&type=section&id=Results%20of%20Operations) Analyzes revenue growth, gross margin, and changes in operating expenses, including sales and marketing, and the impact of a new restructuring expense Revenue Growth (in thousands) | Revenue Component | Three Months Ended Dec 31, 2023 (in thousands) | Three Months Ended Dec 31, 2022 (in thousands) | YoY Growth | | :--- | :--- | :--- | :--- | | Subscription and transaction fees | $274,992 | $231,095 | 19% | | Interest on funds held for customers | $43,503 | $28,911 | 50% | | **Total Revenue** | **$318,495** | **$260,006** | **22%** | - Gross margin remained flat at **81.7%** for the three months ended December 31, 2023, compared to the prior year period[266](index=266&type=chunk)[267](index=267&type=chunk) - Sales and marketing expenses decreased by **$46.4 million (28%) YoY** for the quarter, primarily due to a **$56.6 million decrease** in personnel-related costs, which included **$52.2 million** in stock-based compensation for a former executive in the prior year period[233](index=233&type=chunk)[272](index=272&type=chunk) - A new restructuring expense of **$25.1 million** was recorded in the quarter due to the restructuring plan announced in December 2023[233](index=233&type=chunk)[277](index=277&type=chunk) [Liquidity and Capital Resources](index=43&type=section&id=Liquidity%20and%20Capital%20Resources) Discusses the company's principal sources of liquidity, summarizes cash flow activities, and reports on the completion of its share repurchase program - As of December 31, 2023, principal sources of liquidity were **$1.6 billion** in cash and cash equivalents, **$1.0 billion** in short-term investments, and **$90.0 million** available under its Revolving Credit Facility[336](index=336&type=chunk) Summary of Cash Flows (Six Months Ended Dec 31, in thousands) | Cash Flow Activity | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | Operating activities | $133,342 | $73,382 | | Investing activities | $251,593 | $(94,538) | | Financing activities | $78,811 | $386,872 | - The company completed its **$300.0 million share repurchase program** as of December 31, 2023, having repurchased **$212.7 million** in shares during the six-month period[285](index=285&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) Details the company's exposure to interest rate risk on investments and borrowings, credit risk from card receivables, and foreign currency exchange risk - The company is exposed to interest rate risk on its corporate investments, funds held for customers, and borrowings under its Revolving Credit Facility, with the annualized interest rate earned on its investment portfolio and customer funds increasing to **over 5%** in the quarter from around **3.3%** in the prior year due to the higher rate environment[353](index=353&type=chunk) - Credit risk arises from the potential inability of spending businesses to repay card receivable balances, managed by reviewing credit exposure, but acknowledging default risk from unforeseen events like fraud or economic downturns[493](index=493&type=chunk) - Foreign currency exchange risk exists from cross-border payment services and the operations of subsidiaries in Australia and Canada, though a **10% change** in the U.S. dollar's value is not expected to have a material effect on cash flows and operating results[328](index=328&type=chunk)[380](index=380&type=chunk)[358](index=358&type=chunk) [Item 4. Controls and Procedures](index=49&type=section&id=Item%204.%20Controls%20and%20Procedures) Reports on the effectiveness of the company's disclosure controls and internal control over financial reporting, as evaluated by management - Based on their evaluation as of December 31, 2023, the CEO and CFO concluded that the company's disclosure controls and procedures were effective at a reasonable assurance level[359](index=359&type=chunk) - There were no changes in internal control over financial reporting during the quarter ended December 31, 2023, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[383](index=383&type=chunk) Part II. OTHER INFORMATION [Item 1. Legal Proceedings](index=50&type=section&id=Item%201.%20Legal%20Proceedings) Discloses that the company is not currently involved in any legal proceedings expected to have a material adverse effect on its business or financial condition - The company is not currently party to any legal proceedings that management believes would have a material adverse effect on its business, operating results, financial condition, or cash flows[361](index=361&type=chunk) [Item 1A. Risk Factors](index=50&type=section&id=Item%201A.%20Risk%20Factors) Discusses significant risks including business and industry challenges, reliance on partnerships and technology, regulatory compliance, and financial risks related to indebtedness - **Business & Industry Risks:** The company has a history of operating losses and may not sustain profitability; its growth depends on attracting and retaining SMB customers vulnerable to economic downturns; the BILL Divvy Corporate Card offering exposes the company to credit risk; and the business faces significant competition and fraud risks[387](index=387&type=chunk)[390](index=390&type=chunk) - **Partnership & Technology Risks:** The business relies on relationships with financial institutions, accounting firms, and Issuing Banks (Cross River Bank, WEX Bank), and depends on integrations with third-party accounting software and the reliability of cloud infrastructure providers like AWS[364](index=364&type=chunk)[424](index=424&type=chunk)[459](index=459&type=chunk) - **Regulatory & Compliance Risks:** The company is subject to extensive regulation, including money transmission laws, anti-money laundering (AML) rules, and data privacy laws like CCPA/CPRA and GDPR, with non-compliance potentially resulting in significant fines, penalties, and reputational damage[636](index=636&type=chunk)[643](index=643&type=chunk) - **Indebtedness & Financial Risks:** The company has significant debt from its convertible senior notes, which could affect its financial condition, and there is a risk it may not have the funds to settle conversions or repurchases in cash[389](index=389&type=chunk)[662](index=662&type=chunk) [Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=88&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Details recent unregistered sales of equity securities, including a warrant issuance, and reports on the completion of the company's share repurchase program - On November 28, 2023, the company issued a warrant to JPMC Strategic Investments I Corporation to purchase up to **13,027 shares of common stock** at an exercise price of **$0.01 per share**, in reliance upon the exemption from registration under Section 4(a)(2) of the Securities Act[710](index=710&type=chunk)[503](index=503&type=chunk) Issuer Purchases of Equity Securities (Q2 FY24) | Period | Total Shares Purchased (in thousands) | Average Price Paid per Share | | :--- | :--- | :--- | | Oct 2023 | 535 | $100.99 | | Nov 2023 | 1,819 | $63.78 | | Dec 2023 | 369 | $71.32 | | **Total** | **2,723** | **N/A** | - The company completed its **$300 million share repurchase program** as of December 31, 2023, having repurchased the full authorized amount[712](index=712&type=chunk) [Item 6. Exhibits](index=90&type=section&id=Item%206.%20Exhibits) Lists the exhibits filed with the Quarterly Report on Form 10-Q, including certifications and the Interactive Data File - The exhibits filed with this report include the Form of Warrant issued to JPMC, certifications from the Principal Executive Officer and Principal Financial Officer pursuant to Sarbanes-Oxley Sections 302 and 906, and the Interactive Data File (XBRL)[507](index=507&type=chunk)[716](index=716&type=chunk)[508](index=508&type=chunk)

Wall Street expects a year-over-year decline in earnings on higher revenues when BILL Holdings (BILL) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 8, 2024, might help the stock move higher if these key numbers are better than ...

Adyen's embedded financial product suite now supports BILL's card products and services for its AP and AR solutions AMSTERDAM, Feb. 1, 2024 /PRNewswire/ -- Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, today announced that it is partnering with BILL, a leading financial operations platform for small and midsize businesses (SMBs), to deliver advanced acquiring and issuing experiences for BILL's accounts payable (AP) and accounts receivable (AR) solutions. The ...

Block stock has been on the outs with investors over the past two years or so. It was once a skyrocketing, expensive, and popular stock, but investors lost interest after the company began to lose focus and the price looked too high to sustain.It's been gaining some momentum over the past few months as it continues to demonstrate growth and looks like it's getting back to its original mission. However, if you're excited about financial technology, I would recommend you take a look at StoneCo (STNE 2.10%) an ...