FinovateSpring 2011 Video Archives >> Billeo


Website: www.billeo.com
Blog:
blog.billeo.com
HQ Location:
Santa Clara, CA
Company Founded: June 2003
Product Being Demoed: ShopSmart
Product Launched: Q2 2011
Metrics: Since being founded in 2003, Billeo has raised $11 million in funding, works with six of the top 10 card issuers, hosts the largest biller directory with more than 20,000 billers, and has more than 1.2 million installed apps. The profitable company saw revenues grow at a CAGR of 73% over five years through 2010.




Presenter Profile How they describe themselves: Billeo creates browser applications that help consumers save time and money while shopping or paying bills online. By helping consumers take full advantage of their financial relationships and loyalty programs, Billeo's free apps save users 6 to 11 percent per purchase. Billeo also provides financial institutions, like Visa and American Express, with context-aware shopping and bill pay technologies, helping them better interact with their customers online. Over 40 banks, six of the top 10 card issuers, and more than 1,000 merchants are part of the trusted Billeo network.

How they describe their product/innovation: ShopSmart is the first app that allows financial institutions to interact with online shoppers on the iPad. The app’s integration with loyalty programs, Facebook and daily deal sites helps financial institutions tap into the enormous potential of social commerce. Consumers save time and money by taking full advantage of all their financial relationships and daily deals. They also benefit from the advice of their Facebook friends while shopping on their iPads.

Key Executives: Murali Subbarao (Founder & CEO), Allwyn Lobo (Co-founder, VP Engineering and Operations)

Key Board Members: Our Board of Advisors includes Eric Dunn (Senior Vice President, Intuit), Nancy Langer (Senior Vice President, Fidelity Information Systems), and Scott Loftesness (Founding Partner, Glenbrook Partners)

Key Investors: ATA Ventures, Altos Ventures, Claremont Creek Ventures, Pacifica Fund

Key Partnerships: Visa

Customers: Billeo's customers are credit and debit card issuers and prepaid card companies - including Visa, American Express, Discover, Wells Fargo, US Bank and NetSpend. Billeo also serves consumers directly with its popular browser apps Offer Assistant and Bill Pay Assistant.

Contacts:
Bus. Dev., Sales: Murali Subbarao, Founder & CEO, murali@corp.billeo.com, 408-512-2120
Press: Lauren Moreno, lauren.moreno@atomicpr.com, 415-593-3334

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