BTRS Holdings Inc. is the combined company formed when South Mountain Merger Corp. (Nasdaq: SMMC), a blank-check vehicle sponsored by South Mountain Equity Partners, completed its business combination with Billtrust in January 2021. South Mountain Merger Corp. completed its initial public offering in 2020, targeting the financial technology sector. Billtrust, the acquired operating company, provides B2B accounts receivable automation and electronic payment solutions to enterprise clients seeking to modernize order-to-cash workflows. The combined entity filed this Form 10-K with the SEC on March 24, 2021, its first annual report as a public operating company. Sign up at SpacDesk for complete filing histories, sponsor profiles, and deal analytics across the SPAC universe.