Aida Álvarez, former director of the US Small Business Administration, will join the board of directors of


SAN JOSE, Calif.–(BUSINESS WIRE)– (NYSE:BILL), a leading provider of cloud-based software that simplifies, digitizes and automates financial operations for small and medium-sized businesses (SMBs), today announced that Aida Álvarez had joined the company’s board of directors. Álvarez is a former director of the United States Small Business Administration, an experienced board member, an accomplished investment banker, an award-winning journalist, and a distinguished public servant.

“Aida’s extensive experience managing the US Small Business Administration and serving on the boards of global corporations is a valuable combination that will bring great perspective as we grow the business,” said René Lacerte, CEO and Founder of “I am honored to welcome Aida, her passion for SMEs and her unique experience to our Board of Directors.”

Álvarez was the first Latino woman to be appointed to a cabinet position of a U.S. president. She entered the Clinton administration as the first director of the Office of Federal Housing Enterprise Oversight and later led the US Small Business Administration from 1997 to 2001.

She has over a decade of experience in investment banking, working as vice president of public finance for Bear Stearns and First Boston. Previously, Álvarez served as vice president of public affairs at New York City Health and Hospitals. She was also an award-winning journalist in print and television in the New York metropolitan market.

“Across the United States, small and medium-sized businesses are at the heart of our local communities. I witnessed this firsthand when I was head of the US Small Business Administration. I also know from personal experience the dreams and challenges faced by entrepreneurs, because as a young teenager I worked alongside my mother running two small restaurants in Brooklyn,” Ms. Álvarez said. “What attracted me to is that it is a mission-driven company focused on helping small businesses. I view my service on the board as a another way to support these important businesses that are so vital to our economy.

Álvarez previously served on the boards of Walmart, PacifiCare (United Health) and MUFG Union Bank. She currently sits on the board of HP Inc., among others. Álvarez is the founding president emeritus of the Latino Community Foundation in California. She is a member of the San Francisco Symphony Board of Governors and the Board of Trustees of the DeYoung and Legion of Arts Museums. Álvarez was previously curator of the Smithsonian American Art Museum. She holds a Bachelor of Arts from Harvard College and served on the Harvard Board of Overseers. She holds honorary doctorates from Bethany College, Iona College, Mercy College, and the Inter-American University of Puerto Rico.

About (NYSE: BILL) is a leading provider of cloud-based software that simplifies, digitizes and automates financial operations for small and medium-sized businesses (SMBs). The company’s mission is to make it easy to connect and do business. Additional solutions include the all-in-one expense management platform Divvy and the mobile billing product Invoice2go. Hundreds of thousands of SMBs worldwide use’s solutions to manage end-to-end financial workflows, process payments and connect with suppliers and customers, helping to manage inflows and outflows cash. partners with leading US financial institutions, accounting firms and accounting software providers. is headquartered in San Jose, California. For more information, visit


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