Bill.com is building a single platform to bring together the companies it has acquired over the last year. The work will bring together the company’s original payments operations and the products from the former Divvy and Invoice2Go companies it purchased in 2021.“Our goal is a to develop a single platform, single comprehensive platform,” CEO Rene Lacerte said during the recent webcast for earnings for the year ended June 30. Lacerte said a single dashboard will be created for the business, but gave no date for delivery of enhancements. The acquisitions ballooned results for fiscal 2022. Revenue grew to slightly less than $642 million for the most recently ended year, up sharply from $232.2 million in fiscal 2021. The company’s GAAP loss was $326.4 million for fiscal 2022, compared to $98.7 million the prior year. That was overwhelmingly from stock-based compensation, $197.2 million last year, versus $68.3 million for fiscal 2021. The non-GAAP loss was $24.3 million for 2022 up from $10 million for 2021. For 2023, Bill.com expects 50 percent organic revenue growth for the Divvy operations and 40-percent for historical Bill.com
