BILL in Final Stages of Acquiring Digital Payments Platform Melio

Bill Holdings, the parent company of Bill, a cloud-based invoicing and payments system, is negotiating a reported $1.95 billion deal to acquire Melio Payments.

The deal is likely to include cash and stock in the transaction, according to an initial report by Bloomberg News, which cited unnamed sources familiar with the negotiations.

Bill recently announced that CFO John Rettig would also serve as president of the company, in a newly created role, reporting to company CEO and founder Rene Lacerte.