Bill.com lost $31.1 million for the most recently ended year, compared to a loss of $7.3 million the year before,  Revenue for fiscal 2020 of $157.6 million was 45.5 percent higher than the $108.4 million recorded the prior year. The increase in spending was broad. R&D expenses rose to $53.4 million, an increase of 88.1 percent from $28.9 million in 2019. Sales and marketing spending reached $45.4 million, up 50.5 percent from $30.1 million.  G&A expenses of $53.9 million were 84.6-percent higher than the $29.2 million the prior year. The company said there were more than 98,000 customers at the end of the fourth quarter, a 28-percent increase from a year earlier. It ended the year with more than 2.5 million network members, a 39-percent rise. CEO Rene Lacerte said the company ended 2020 with 80 of the Top 100 accounting firms in its program, up from70 the prior year, and 5,000 total firms on June 30, an increase from 4,000 on June 30, 2019.