• FOUNDING YEAR: 2008
    LOCATION:
    United States
    REGION:
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Web and mobile-based bill payment and file management platform for individuals in the US. doxoPAY: It is a paperless billing and bill pay service that enables customers to make payments to multiple billers from one site. It helps service providers to easily connect their customers, receive payments faster, view real-time market data & activity. It helps customers to make payments quickly and easily, eliminating credit card fees.
REVENUE MODEL:
Viewable by subscribers only
EXISTING PARTNERSHIPS:
doxo has partnered with different types of businesses such as banks, credit unions, utilities, insurance, telecom providers, healthcare providers, and government organizations. Some of the key partners AT&T, Sprint, Puget Sound Energy, Kansas City Power and Light, Sound Community Bank, Oregon Federal Credit Union, etc.
PRIMARY PROBLEM SOLVED:
Paper free billing and low cost payment processing services for service providers.
COMMENT
doxo offers autopay feature that enables users to schedule automatic payments for bills they receive in their doxo accounts, without needing to link out to multiples sites to set up payment credentials for each business. doxoPAY streamlines and reduces the additional costs inherent to most customer-provider interaction by speeding collection, cutting credit card fees (like overdue payments), and make it easy to go paperless. Service providers provided with real-time business intelligence about customer activity, market position, and growth trends.

PEOPLE

FOUNDERS:
Steven Shivers, Mark Goris, Roger Parks
Board Members and Advisors:
Bryan Stolle, Gregory Gretsch, Thomas Layton, Sterling Wilson, David Beitel, Rick Thau
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Bezos Expeditions, Mohr Davidow Ventures, Sigma Partners, Jackson Square Ventures
KEY EMPLOYEES:
Steve Shivers (CEO)

TRACTION

VALUATION / MARKET CAP:
$23.33 MM in 2013
COMMENT:
It has around 2 million users using to making over $175 million in payments to providers (May 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$18.75 Millions
DATE OF LAST FUNDING:
Dec 2013
SEED & PRIOR FUNDING:
$500 K
SEED CLOSED ON:
Sep 2008
FUNDING SERIES:
SERIES A
$4.75 Millions Closed: Nov 2009
SERIES B
$10 Million Closed: Feb 2011
LISTED:
NO
COMMENT:
Venture funding: $3.5 M (Dec 2013).

LATEST RESEARCH