Billhop announces SOC 2 Type II Compliance

[Stockholm, 6 March 2023] Billhop, the B2B payment platform specialising in card-based invoice payments, announced the successful completion of their Service Organization Control (SOC) 2 Type II Audit.

SOC 2 is a security framework designed by the American Institute of Certified Public Accounts (AICPA) that details the best practices technology companies should follow when handling sensitive customer information.

Following the audit, Billhop was issued a favourable report that attests to the company's ability to adhere to SOC 2's robust trust service principles of Security, Availability, Confidentiality, Processing Integrity and Privacy. It also serves to demonstrate that Billhop can maintain compliance over an extended period of time.

"Completing the SOC 2 Type II audit is a significant milestone for Billhop as it underscores our steadfast dedication to protecting the data and privacy of our diverse customer base," said Sebastian Andreescu, CEO. "Our team has worked tirelessly to ensure that our processes and controls comply with the strictest industry standards, and this stamp of approval truly validates our efforts."

As the popularity of Fintech companies and the usage of cloud services continue to gain traction, there is a pressing need for stricter compliance measures and greater transparency to ensure sensitive data is handled responsibly. Achieving SOC 2 Type II compliance is thus paramount in today's digital age as it provides our customers and stakeholders with a peace of mind that their information is being stored and managed under the most stringent information security and privacy protocols.