Bill.com Snags Ex-PayPal Exec As Partnerships Leader

Bill.com has tapped former PayPal executive Josh Goines to lead its strategic relationships with technology companies.

As senior vice president of strategic partnerships, Goines will help Bill.com align with tech firms like Intuit and with big financial institutions. He’ll also search for partnership opportunities, Bill.com said in a press release. 

“Bill.com is proud to be partnering with some of the nation’s leading and most innovative financial institutions, banks, and accounting software providers. I’m delighted to have Josh on our team to lead and grow these relationships,” said Bill.com CEO Renė Lacerte. “His creativity and deep experience in the industry will serve us well.”

At PayPal, Goines formed strategic partnerships with payment networks and global financial institutions that included JPMorgan Chase, Bank of America, and Citibank. He was also behind numerous customer and merchant-facing programs. 

“Businesses of all types, sizes and industries rely on financial institutions for a range of financial services,” Goines said in the release. “I’m excited to join a company that values the opportunities that technology partnerships provide and enable us to bring innovative solutions to small and mid-size businesses.”

The B2B payments company is also gearing up to go public just weeks after announcing an $88 million investment round led by JPMorgan and Franklin Templeton. At the time of the investment in June, Bill.com was valued at $1 billion.

In July, the company reported a 124 percent increase in its international payment volume, with monthly transactions growing by 135 percent. Bill.com also said international payments went up and support increased to include more than 70 countries and 50 unique currencies worldwide.

The company also rolled out a new platform for automated workflows designed with artificial intelligence (AI). The Intelligent Virtual Assistant automates invoice processing and approval and uses machine learning to automatically capture invoice data and identify potential errors.