Bill.com, which recently opened a Houston office, files for IPO

Bill.com founder and CEO René Lacerte. Bill.com founder and CEO René Lacerte. Photo: Bill.com Photo: Bill.com Image 1 of / 1 Caption Close Bill.com, which recently opened a Houston office, files for IPO 1 / 1 Back to Gallery

Technology company Bill.com, which recently made Houston home to its first office outside of the San Francisco Bay area, filed for an initial public offering on Friday to raise up to $100 million.

The Palo Alto-based company, founded in 2006, automates financial processes that have traditionally been manual tasks, such as entering bills into a system, approving those bills, making and receiving payments and creating invoices for new customers.

More at HoustonChronicle.com: Bill.com’s new Houston office is its first outside of San Francisco Bay

The company has 25,000 square feet in Houston at 2103 CityWest Blvd. It expects to hire hundreds of Houston employees over the next few years.

Bill.com has applied to list its stock on the New York Stock Exchange under the symbol “BILL.”