Bill.com’s Volume Jumps 62% and other Digital Transactions news briefs from 2/4/22

Payments technology provider Bill.com processed $56.4 billion in volume in the Dec. 31 quarter, up 62% year-over-year, with 9.8 million transactions on its platform, a 35% increase. It also processed 5.3 million Divvy card transactions worth $1.9 billion.
Abaca, a fintech specializing in cannabis payments, said it has processed $2 billion in transactions so far, including $1 billion since April.
Pay Theory, a startup specializing in family payments to household vendors, announced a $2-million seed round led by Zeal Capital Partners. The round brings Pay Theory’s total funding to $2.5 million.
Mobile bill-payment specialist Papaya named Bryan Haynes chief revenue officer and Shemika Jones chief compliance and risk officer. Haynes was a co-founder of Blackhawk Network in 2001. Jones most recently was an executive with PayNearMe and before that worked for Green Dot Corp.

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