Skip to main content

Fintech Co. Bill.com Announces Expansion into Houston

Published Feb 12, 2019 by A.J. Mistretta

Palo Alto, Calif.-based business software company Bill.com has announced plans to open a second office in Houston.

The fintech company that specializes in digital business payments will take 25,000 square feet of space inside the CityWest development in West Houston. The new office will open in the spring and will eventually employ 125 workers, from software developers to customer support personnel, according to a report from the Houston Business Journal.

“We conducted an extensive national search to select our first location outside the San Francisco Bay Area. We’re growing at a high speed and it’s critical to find the right mix of talent, quality of life and business-friendliness in our next office location. We found all this and more in Houston and are delighted the city can support our next phase of growth,” said René Lacerte, CEO of Bill.com.

Bill.com

Bill.com worked with the Greater Houston Partnership in recent months as the company considered Houston for its new office.

“Houston has always been at the cutting edge of technology--we put a person on the moon and created the first artificial heart, and we continue to build on that legacy,” said Susan Davenport, the Greater Houston Partnership’s chief economic development officer. “We’ve been working hard over the last couple of years to develop our community as a hub for digital tech, and the Bill.com expansion here is a validation and confirmation that we’ve made great progress.”

The company plans to ramp up its operations over the next three years, with a goal of 125 employees at the end of that period. Bill.com said it will kickstart the hiring process with recruitment events coordinated with tech accelerator Station Houston and Rice University later this month.  

“The City of Houston is thrilled to welcome the Bill.com team,” said Houston Mayor Sylvester Turner. “We’ve always been a global and innovative city and the Bill.com announcement is another great example of Houston’s building momentum as a leading digital tech hub. We offer a great place to live, work and grow a business, especially for startups and entrepreneurs.”

The Houston region is expected to add 71,000 new jobs this year, according to the Partnership's Houston Employment Forecast

For more information about Bill.com's expansion read the press release here, and coverage in the Houston Business Journal and  San Francisco Business Times.

                     

Related News

Economic Development

Texas Leads Nation, Houston Leads Texas in Fortune 500 Companies

5/24/22
For the first time in more than a decade, Texas is home to the most Fortune 500 companies in the nation, and Houston is now home to the largest concentration of Fortune 500s in the Lone Star State thanks to several recent headquarters relocations.  The 2022 Fortune 500 list ranks the largest corporations in the U.S. by revenue for the 2021 fiscal year. Twenty-four companies on this year’s list are headquartered in metro Houston, with 21 of those based within the city limits. Statewide, 53 companies made this year’s list.  The 2022 list marks the first time that two Fortune 500 firms, NRG Energy and Hewlett Packard Enterprise (HPE), were counted in Houston's column. NRG announced in May 2021 that it would relocate its headquarters from Princeton, NJ to Houston. HPE completed its headquarters move from San Jose, Calif. to the Spring area earlier this year.  ExxonMobil, which ranks No. 6 on the Fortune 500 list, announced earlier this year that it would move its corporate headquarters from the Dallas area to Houston. That move is not expected to be complete until 2023 and the company remains in the Dallas count in this year’s list.  Among states with the largest concentration of Fortune 500 companies, New York fell to No. 2 on this year’s list with 51 companies after seven years at the top. California was No. 3 with 50 companies.  A total of 97 Texas companies made the expanded Fortune 1000 list this year. Forty-three of those based in the Houston area.  Below are the Houston-area Fortune 500 firms and their respective rankings.  No. 29 Phillips 66 No. 70 Sysco Corp. No. 77 ConocoPhillips No. 88 Plains GP Holdings No. 89 Enterprise Products Partners No. 123 Hewlett Packard Enterprise No. 133 NRG Energy No. 135 Occidental Petroleum Corp. No. 170 Baker Hughes No. 193 EOG Resources No. 203 Waste Management No. 216 Targa Resources No. 223 Kinder Morgan No. 233 Cheniere Energy No. 241 Halliburton Co. No. 273 Group 1 Automotive No. 285 Quanta Services No. 320 Westlake No. 410 Huntsman No. 414 CenterPoint Energy No. 431 APA No. 460 KBR No. 481 Academy Sports and Outdoors  No. 486 Southwestern Energy See the full Fortune 500 list. 
Read More
Digital Technology

New Generation of Startups Aim to Fuel Resurgence of Advanced Manufacturing in Houston

5/13/22
An autonomous rover dubbed the “layout Roomba” that marks architectural and engineering designs directly onto unfinished concrete floors is one of many examples of the innovation happening in Houston’s advanced manufacturing sector. The city boasts a thriving tech ecosystem and is considered a global manufacturing powerhouse due to its central geographic location, unparalleled infrastructure and talented workforce.  Funding is now flowing into Houston to help drive the next wave of manufacturing innovation. According to the Partnership’s 2022 Houston Tech Report, more than 900 investors have funded over 1,500 venture capital transactions in the Houston region over the last five years. Data shows that 8.6% of all VC deals are funding manufacturing projects with another 8.7% funding AI and machine learning ventures.  “I think Houston is a great place to start a company. It hosts a diverse pool of exceptional talent, a reasonable cost of living and a welcoming start-up community,” said Derrick Morse, CEO and founder of Rugged Robotics. “Houston is also home to a number of innovative companies that solve really hard and really important problems.”  Rugged Robotics, a Houston startup company founded in 2018, hopes to revolutionize the construction industry by tackling the challenge of field layout by using its small robot to create a more detailed, more accurate and faster way of doing the work. Traditionally, a construction worker must do the marking manually using tape measures, chalk lines and surveying equipment. Morse, a construction industry veteran, said he saw a need to solve a pain point in the construction industry. “By focusing on the problem, and by developing a practical solution, we’ve unlocked a very exciting opportunity” Morse said. Rugged Robotics is operating out of the East End Maker Hub, a makerspace and manufacturing center in Houston’s East End. Morse said it was a no-brainer to choose the incubator as they started growing. “The East End Maker Hub was initially attractive for two reasons,” Morse said.  “First, access to the machine tools and rapid prototyping equipment we were familiar with at TXRX, and second, flexibility.” He added that the flexibility of the leases allows the company to move into bigger spaces as they evolve. Next month will mark a year since the $38 million innovation hub opened. Urban Partnerships Community Development Corporation says the facility is 95% occupied with 49 tenants from candle making to biotech/manufacturing, a sign of a successful first year. The East End Maker Hub aims to create 1,000 new companies over the next five years to boost Houston’s advanced manufacturing jobs. Houston has one of the largest manufacturing workforces in the country with more than 213,100 workers, but it declined by 8.6% between 2015 and 2020, according to the Partnership’s analysis. “We've retained or created over 330 jobs thus far and aim for 500 in the coming years. We're a model for how to use public funding to jump start development to support the entrepreneurial ecosystem,” said Natasha Azizi, Executive Director of UP CDC and East End Maker Hub. The East End Maker Hub is part of several landmark projects to position Houston as a national leader in tech innovation.  According to the Houston Tech Report, venture capital investments have grown  from $423 million in 2017 to $2.02 billion in 2021, a near five-fold increase and an unprecedented 47.4% growth rate per year. Click to expand Rugged Robotics team Rugged Robotics recently raised $9.4 million in Series A funding to help the company hire more people, expand its products and more. “We’ve built an amazing foundation, and I’m excited by the road ahead.  Our team is truly inspiring.  I can’t wait to see what we’re capable of,” Morse said. Learn more about Houston's advanced manufacturing sector and innovation ecosystem.   
Read More

Related Events

COVID-19

Economy Series: September Economic Update

The Partnership's monthly Economy Series presents exclusive data and examines trends impacting our economy on a local and state level. Analysis by the Partnership's Research Division is frequently used by executives…

Learn More
Learn More