Billtrust, the Hamilton-based payment services company, has acquired trade credit risk firm Credit2B, it announced Tuesday.
The addition of the South Plainfield-based company expands Billtrust’s Quantum solutions services, including adding business credit reports, online credit applications and more.
“Acquiring Credit2B allows us to expand the ways in which we can support our current customers while attracting new customers looking for a total, automated (business-to-business) payments solution,” Billtrust founder and CEO Flint Lane said in a prepared statement. “By joining our teams, technology and talent, we are able to offer the most comprehensive and cutting-edge (accounts receivable) solution on the market.”
Financial terms of the deal were not disclosed.
Credit2B leverages crowdsourcing and other technologies to provide companies with a distinctive approach to credit decision-making.
“We are longtime believers that an end-to-end solution is the best value proposition for our customers,” Credit2B CEO Shyarsh Desai said in a statement. “We are excited to join Billtrust and offer our customers a best-in-class A/R solution suite, while continuing to innovate by delivering smarter credit solutions that provide timely, relevant and actionable information.”
