Digital business payments company Bill.com gets a boost from a $100 million investment led by JPMorgan Chase & Co and Temasek Holdings.

According to reports, the investment will be used to expand the Palo Alto, California-based company’s distribution.

Last month, Bill.com and JPMogran announced a partnership on a new B2B platform for electronic invoicing and payments.

Bill.com currently serves a network of about 2.5 million business members using its payment platform, according to a report by Bank Innovation. 

Read more at New York Times and Reuters.