Biller Genie Secures $22M in Series B Funding for Cloud-Based Accounts Receivable Solutions

Money hates friction. It gets loud when invoices linger, reminders feel personal, and accounting systems act like payments are a rumor. That tension is exactly where Biller Genie walked in, calm and unapologetic, asking why accounts receivable still looks like unpaid overtime in a cloud-first economy. Orlando-built with a global stare, Biller Genie just closed $22M in Series B funding led by Radian Capital, and this raise feels earned, not announced.

The story starts with Thomas Aronica seeing the mess up close while running SkyBank Financial. SMBs were working harder to get paid than to do the work itself. So Thomas Aronica sold assets, put $2.1M of personal capital on the line, and built the MVP in 2018. By 2020, the SaaS engine was live, and Garima Shah helped shape a platform that did not ask businesses to change behavior. It simply connected the dots between invoicing, payments, and reconciliation inside QuickBooks, Xero, and Accounting Suite, without training wheels.

The numbers do the talking. 139% CAGR since 2020. 1,595% revenue growth from 2021 to 2024. $5.75M in 2024 revenue. More than $3B in annual invoice volume managed. Customers getting paid 15 days faster, shrinking payment cycles from 47 days to 9, and clawing back 10 to 20 hours a week once lost to chasing checks. This is not noise. This is operational gravity doing its thing.

Radian Capital leaned in with Jordan Bettman joining a board that already includes Henry Helgeson, the mind behind Cayan's $1.05B exit. Backing from Newtek Business Services Corp, Omar Soliman, Shai Stern, and Harish Nataraj reinforces a cap table that understands payments, scale, and distribution. With Scott Wallace leading engineering from Belfast, Biller Genie is building an international R&D engine, 100 roles planned there, 50 more in Orlando, and APIs designed to let the product vanish cleanly into partner workflows.

There are 33M SMBs in the U.S., 83% living in QuickBooks, and 90% still handling AR manually. Change is hard. Integration is harder. Biller Genie did not fight habits. It automated them, white-labeled them, and made cash behave. In a market that runs on trust and timing, this is how momentum compounds, one paid invoice at a time.