Biller Genie Raises $22 Million In Series B Funding Round

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Biller Genie raised $22 million in Series B funding round led by Radian Capital with participation from existing investors, supporting global expansion and product enhancements. This positions the company for accelerated growth in the AR automation market, where small businesses often face cash flow challenges, though market competition and economic factors could influence outcomes.

Biller Genie, founded in 2020, provides a cloud based accounts receivable (AR) automation platform designed to streamline invoicing, payments, and collections for small and medium sized businesses (SMBs). The platform integrates with tools like QuickBooks and partners with over 1,100 banks and payment providers, helping users reduce overdue invoices by an average of 40% and collect payments in about nine days. Features include automated reminders, branded customer portals, late fee management, and reconciliation, addressing common pain points like manual processes and visibility gaps.

The $22 million Series B round was not initially sought by the company but accepted to fuel intentional scaling. Led by Radian Capital, the investment brings total funding to approximately $33.5 million. Prior rounds include a $3.5 million seed in 2021 and a $5 million Series A in 2022, with possible additional capital in 2025.

The funds are earmarked for expanding into the UK and other markets, building a Belfast engineering hub to over 100 engineers, and bolstering the executive team. This could enhance the platform’s capabilities amid a growing AR market, where 59% of SMBs struggle with cash flow forecasting due to manual systems. While promising for job creation, over 100 global positions in 2026, including 50 in Orlando, the expansion introduces risks like integration challenges and competitive pressures.

Biller Genie, an Orlando, Florida-based fintech company specializing in accounts receivable (AR) automation, has secured a significant milestone with its latest Series B funding round of $22 million. This investment, led by growth equity firm Radian Capital and supported by existing investors, underscores the company’s trajectory in a market increasingly focused on digitizing back office processes for small and medium sized businesses (SMBs). Founded in 2020 by Thomas Aronica (CEO) and Garima Shah (President), Biller Genie emerged from Aronica’s extensive experience in payments, spanning 19 years, where he identified persistent challenges in integrating credit card processing with accounting systems like QuickBooks for numerous clients. The platform addresses these issues by automating the invoice to cash cycle, including bill presentation, follow-up, collection, and reconciliation, without necessitating changes to users’ existing systems.

The company’s growth has been robust, with revenue doubling from $5 million in 2024 to $10 million in 2025, achieving a 126% compound annual growth rate (CAGR) since launch. Biller Genie now serves approximately 6,000 subscribers across verticals such as professional services, wholesalers, and manufacturers, with subscription plans starting at $25 per month and an average customer spend of around $300. Its recognition on the Inc. 5000 list, ranking 259th in 2024 and 482nd in 2025, highlights its rapid ascent, driven by features like branded customer portals, payment planners, late fee managers, automated paper and digital invoicing, reminder systems, and batch reconciliation with bank deposits. These tools have proven effective, reducing overdue invoices by an average of 40% and enabling faster payment cycles, typically within nine days.

Biller Genie’s funding journey reflects a shift from bootstrapping to structured venture capital infusions as the company scaled. Initially self funded, it raised a $3.5 million seed round in August 2021 to fuel early expansion of its AR platform. This was followed by a $5 million Series A in October 2022, which doubled the company’s valuation and brought total external funding to $9.5 million at that time. An additional $2 million raise in May 2025 appears to have bridged further growth, though details on its structure remain limited. The recent Series B, announced in early January 2026, elevates total funding to $33.5 million, marking a substantial commitment to global ambitions.

This table illustrates the progressive scaling of investments, with the Series B representing the largest infusion to date. Notably, the company was not actively fundraising when approached for this round, but leadership decided to proceed to “scale with intention,” as stated by CEO Thomas Aronica.

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The $22 million Series B was led by Radian Capital, a firm focused on business to business software and services, co-founded by Jordan Bettman, who commented that the AR market “should experience meaningful growth, and Biller Genie is positioned to be a reason why.” Participation from existing investors signals continued confidence in the company’s model. While specific valuation figures, pre  or post money, are not publicly disclosed, the round’s size suggests a maturing enterprise value, building on the doubled valuation post Series A. The investment closed amid Biller Genie’s recent establishment of a new global headquarters in Orlando and an office in Belfast, UK, which will serve as a key product and engineering hub.

Proceeds are allocated strategically: accelerating international expansion into the UK and beyond, scaling product development, expanding the executive leadership team, and growing the Belfast engineering center to more than 100 engineers. Domestically, the funding supports plans to add over 100 jobs globally in 2026, with at least 50 in Orlando, effectively doubling the local workforce from its current base of 83 employees. This hiring push emphasizes engineering and leadership roles to sustain innovation in AR automation.

The AR automation sector is expanding rapidly, driven by SMBs’ need for efficient cash flow management. A key statistic highlights the challenge: 59% of SMBs identify cash flow forecasting as a top issue with manual processes, often leading to visibility gaps, delayed payments, and reconciliation errors. Biller Genie’s platform mitigates these by offering real time invoice tracking, quicker discrepancy resolution, and seamless integrations, processing billions in annual invoice volume. Competitors include established players like Bill.com and newer entrants focusing on AI driven automation, but Biller Genie’s emphasis on no system change integration and partnerships with 1,100+ financial institutions provides a differentiator.

This table outlines key dynamics in the AR market, where Biller Genie’s positioning, combining automation with accessibility, could drive further adoption.

The Series B funding enables Biller Genie to transition from a US-focused startup to a global player, with the Belfast office symbolizing this shift. For SMB users, enhanced features could mean even greater efficiency gains, addressing persistent issues like overdue payments and manual labor. Economically, the job creation, particularly in Orlando, contributes to local tech ecosystem development, following the company’s move from Miami roots to a new Orlando headquarters. However, success hinges on execution: integrating new hires, navigating international regulations, and maintaining innovation amid competition.

Social media reactions, primarily from venture trackers and local business outlets, echo the announcement’s details without controversy, focusing on the round’s size and expansion plans. Overall, this round reflects investor optimism in AR automation’s potential, with Biller Genie well placed to capitalize, though external factors like market volatility warrant cautious monitoring.

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