Overview of Transaction

• On May 25, 2017 Billtrust announced it has raised $50 million in a minority financing round from Riverwood Capital
• Riverwood joins existing investors, Edison Partners, Goldman Sachs and Bain Capital Ventures
• As part of this financing, Francisco Alvarez-Demalde of Riverwood joined Billtrust's Board of Directors
• Billtrust is the pioneer of payment cycle management, helping clients automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency and increase customer satisfaction
• Riverwood Capital is a private equity firm that invests in high growth technology companies

Significance of Transaction

• The transaction will further help Billtrust expand as the leading independent provider of payment cycle management solutions
• Firmly positions the Company to continue to grow its core business (Quantum Payment Cycle Management) with expanded services as well as pursue opportunistic acquisitions and continue global expansion

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Billtrust and its Board of Directors
• FT Partners leveraged its deep knowledge, extensive experience and broad industry relationships to help achieve a highly favorable outcome for the Company
• Transaction demonstrates FT Partners' continued leadership in the Financial Management Solutions space