BlackLine, Inc. (Nasdaq: BL) announced on September 21, 2026 that it has acquired NetNow, an AI-enabled B2B customer onboarding and credit risk management platform, extending its Invoice-to-Cash suite upstream into the credit decisions that precede invoicing for nearly 4,300 customers, according to a GlobeNewswire release.
Key points
- BlackLine acquires NetNow to embed AI-driven credit intelligence into its Agentic Financial Operations Platform.
- The deal connects upstream credit onboarding, risk assessment and fraud detection with downstream receivables and cash flow.
- Financial terms were not disclosed. Wilson Sonsini Goodrich & Rosati and Blake, Cassels & Graydon advised BlackLine.
- Lightning Partners acted as NetNow’s exclusive financial advisor, and Fasken Martineau DuMoulin LLP served as its legal advisor.
- BlackLine shares fell 8% after its August 5 Invoice-to-Cash partnership with Nuvei, a prior market reaction to upstream credit expansion.
Acquisition extends Invoice-to-Cash upstream
NetNow’s platform digitises customer credit applications, trade references, risk assessment, fraud detection and ongoing credit monitoring, processes that occur before trading commences and an invoice is created. Bringing these capabilities into BlackLine connects early credit decisions more closely with downstream receivables, working capital and cash flow outcomes. The company said the move advances its Agentic Financial Operations strategy by adding customer and credit risk intelligence to the financial processes it can connect and orchestrate.
Andy Lilley on manual credit decisions
“Credit is one of the earliest and most consequential financial decisions a company makes in the customer relationship, yet the process remains remarkably manual for many organizations,” said Andy Lilley, Managing Director, Invoice-to-Cash at BlackLine. He added that integrating NetNow gives BlackLine an opportunity to connect those decisions with the financial operations that follow, applying greater intelligence across the lifecycle while maintaining trust, transparency and control.
NetNow CEO Nauman Hafeez on combined value
“We share a belief that credit teams should have better information, smarter technology, and more efficient ways to manage customer risk,” said Nauman Hafeez, NetNow CEO. “Together with BlackLine, we can connect that intelligence with a much broader financial operations platform and create even greater value for customers.”
Platform capabilities and market context
NetNow’s digital credit management platform consolidates trade references, third-party credit information, banking data and other inputs to support credit decisions. Its AI-enabled risk and fraud detection is designed to identify potential risks and reduce exposure to losses, while ongoing portfolio monitoring enables credit teams to identify changes in customer risk and respond as conditions evolve. BlackLine’s Agentic Financial Operations Platform is powered by Studio360 and Verity AI and serves nearly 4,300 customers across multiple industries. The company’s shares fell 8% in the 24 hours after its August 5 Invoice-to-Cash partnership with Nuvei, providing a directly relevant prior market comparison for this acquisition’s upstream credit capabilities, according to StockTitan analysis.
