Bill.com provides an online platform for financial transaction optimization and automation targeting small and mid-sized businesses.
Currently, Bill has over 81,000 customers. As per June 30, 2019, the platform had 1.8M+ accounts registered. Among Bill.com partners, there are 70 out of 100 leading accounting firms, as well as some of the largest US banks: Bank of America, JPMorgan Chase, and American Express.
Over 2019 fiscal year, the company revenues went up by 67%, while fiscal Q1 2020 brought a +57% increase. This was backed by both the number of customers and average earnings per customer having increased. Meanwhile, the gross margin, which was 70% in 2018 fiscal year, rose to 74% in fiscal Q1 2020. The sales were primarily boosted thanks to the revenue increase, which, in its turn, was due to launching new products.
Sprout Social was founded in 2010 and serves more than 23 thousand companies and 380 thousand social networks user profiles from 100 countries. The company's investors include Goldman Sachs Group, NEA, Lightbank and AU Special Investments II. Sprout Social has developed a platform for managing accounts and activities in the social networks, which includes the functions of planning publications, analyzing user reactions, customer complaints and other. The platform supports Facebook, Instagram, Pinterest, LinkedIn, Google and YouTube. Over the past two years and nine months, Sprout's revenue has grown by an average of 52%, with costs going down. Revenue is generated by income from platform subscriptions and professional services. In 2018, the revenue growth rate was 76%. The main driver of revenue growth was the expansion of the customer base. From Jan to Sep 2019, the growth rate was 32%. Gross margin in 2017 amounted to 78% and in Jan-Sep 2019 — 74%. Operating margin and net profit margin continue to grow.
Learn more about previous IPOs
Our clients participated in the following IPOs:
IPO (Initial Public Offering) – the initial offering of a company shares. In the whole world people actively discuss IPOs’ investment opportunities: on average, the returns of IPO exceed the return of investments in ordinary securities.
The initial public offering of shares on a stock exchange is aimed at attracting additional funds for various needs of an issuing company. An IPO is a complex and multi-level process organized by special financial companies (investment banks and underwriters). Freedom Finance offers all its customers the opportunity to participate in such public offerings.
In order to minimize risks, our professional analysts carry out detailed research of companies and businesses that go public for the first time.
The successful results of many IPOs confirm the effectiveness of this investment tool. The American company called EventBrite, which provides management and ticketing services, was chosen by our experts as a good investment option in September 2018. Contrary to the low initial assessment of third-party experts, the price for company's shares rose by 58.7% in the opening exchange trades and reached $ 36.50. You can take a look at the results of some other successful IPOs here: Dropbox, Tenable, Elastik, Arlo Technologies, Anaplan.
Freedom Finance offers its customers to make additional money by investing in securities. The opportunities of IPOs are confirmed by impressive results: in the past 5 years, initial public offerings attracted more than $7 trillion. The average annual rate of return from an IPO investment with Freedom Finance is more than 35%. Our analysts will help you choose the most promising offers on the financial market and will make sure you invest in successful projects!