Billtrust acquires Order2Cash, expands global reach for AR automation

Billtrust, the Lawrenceville-based business-to-business payments company, acquired Netherlands-based Order2Cash, a leading B2B order-to-cash platform provider, according to a Tuesday announcement.

Financial terms of the deal were not disclosed.

The acquisition follows the $58 million purchase of iController in October 2021, broadening the company’s European footprint, global presence and ability to expand its innovative business payments network.

For over 20 years, each company has pursued a similar vision to streamline and accelerate B2B payments for its customers. Now, those customers will gain access to a broader platform of Software-as-a-Service modules and a global B2B payments network at a time when it is critical to digitally transform accounts receivable to maximize cash flow.

“We are thrilled to welcome Frank Hoekstra, Marco Eeman and the Order2Cash team into the Billtrust family,” said Steve Pinado, Billtrust president. “This strategic acquisition aligns perfectly with our growth plan of expanding globally with companies that offer complementary expertise, shared values and local market presence. Our EU team now exceeds 100 members, serving more than 700 customers, and is accelerating our global expansion.”

The Order2Cash team will continue to operate from Netherlands locations in Amsterdam and Joure, as well as offices in Krakow, Poland, and New York City.