BillingTree exceeds targets with 49% quarter-over-quarter growth

Accelerating performance in the ARM Industry

On-demand payment processor, BillingTree, reports that it has exceeded growth targets for Q1 and achieved 49% growth compared to the same period last year (view press release). The company had forecast for growth of 25%. BillingTree puts the growth down to repeat business and growth from existing clients within the Accounts Receivable Management (ARM) Industry and to new account acquisitions in Healthcare and Utilities. It has also recently expanded into cloud based solutions with a new partnership deal to integrate its payment services with claims settlement company, Debt Resolve.

“In addition to the moves into the major verticals we have been particularly encouraged by our accelerating performance in the ARM Industry, where we have outperformed our forecasts because of our partner integrations and unique ability to offer compliant payment solutions to agencies,” said BillingTree president, David Roberts.

The company currently processes approximately USD2.5 billion of integrated, on-demand payments annually.

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