What Company is Offering:
Billeo streamlines the online payment process by giving consumers and small business owners complete control over when and how they manage, organize, pay bills and shop online. With Billeo, payment is instantaneous and your receipts are automatically captured, saved and filed. And, Billeo offers one-step password log-on to one-click completion of online shopping and bill pay forms.
How It Works:
It provides consumers a free service that makes all online transactions convenient, simple and secure. Powered by the largest biller directory in the industry, Billeo offers consumers the greatest flexibility in managing their online bills, as well as their passwords or any other information involved in online transactions. Online Banking report has recognized Billeo with the ePayment "Best of the Web" award.
What's Its Strength:
Billeo is the only card bill-pay provider featured by more than 40 U.S. banks/issuers, including six of the top ten banks/issuers, including Visa, Bank of America, Chase and Wachovia to name a few. Additionally, the Billeo Biller Directory has nearly 6,000 billing companies across 26 categories, including utility, cable and credit card companies—the largest Biller Directory available.
Billeo’s award-winning payment solution is free to consumers.
How Much They Got From VCs:
They got $7 million Series B round of funding. ATA Ventures led the financing, with additional contributions from all of Billeo’s existing investors including Altos Ventures, Claremont Creek and Pacifica Fund.
What's Purpose Of Raising Fund:
The funding will be used for product development, marketing, and scaling operations. As a principal investor, Mike Hodges, venture partner at ATA Ventures, will join Billeo’s board of directors.
More at:http://www.billeo.com/aboutus.jsp
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