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Stock impact report

Aquilance Receives $16M Investment From Private Equity Firm Ten Coves [Yahoo! Finance]

Bill.com Holdings, Inc. (BILL) 
Last bill.com holdings, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Aquilance, which provides personal financial management for ultra-high-net-worth families and family offices, has raised $16 million in funding from Ten Coves Capital, a fintech-focused private equity firm that was an early investor in Bill.com. It represents the first institutional capital raise in Aquilance's 39-year history. Aquilance rebranded in 2021 from its original name, My Accountant. At that time, it also went through a recapitalization, executed with a group of private individual investors, including some of the firm's customers. My Accountant was founded in 1987 by Bill Farren and Norb Janis as an outsourced bill pay and accounting firm. Over the last couple of years, Aquilance has been expanding its C-Suite to bring in executives with experience in both wealthtech and banking and payment sectors. In June 2024, the company hired John Carey, the former head of consumer experiences for Envestnet, as CEO. Carey took over for Kenneth Eyler, who moved to Cresset as managin Show less Read more
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