Bill.com banks USD38m for payment platform

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Bill.com, a cloud-based payment platform, has raised USD38m backed by Scale Venture Partners. Contribution also came from Bank of AmericaAmerican ExpressFifth Third Bank, and an unnamed angel investor. The Palo Alto-based startup intends to use the funds for growth, customer acquisition and additional integration with third-parties.

The funding means total captial raised by Bill.com now amounts to USD80m.

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