Doxo surpasses 30,000 payable billers on its platform
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Seattle-based consumer bill pay service Doxo now has more than 30,000 billers on its platform, allowing users the ability to pay even more companies from a single website, reports Julie Muhn at Finovate (Banking Technology’s sister company).
This achievement also gives Doxo a new status – the company now has more billers on its platform than any other bill paying service in the US.
The company attributes the growth to the network effect between users and billing service providers. That is, Doxo’s user base of two million consumers add billers who they want to pay to the platform while billers join the platform to offer their clients a “fast, easy way to pay”.
The company’s CEO and co-founder Steve Shivers says that the accomplishment is an “important milestone” for the company, especially when coupled with the fact that it surpassed two million users earlier this year.
“The most compelling service we provide to our users is the ability to pay all of their bills from a single, secure, mobile-friendly account,” Shivers adds.
Doxo is compatible with existing billing systems and allows billers to electronically connect for free. The platform offers a “simplified experience for end users and provides a complete online payment system for billers who have yet to go digital”.
Among the company’s list of billing partners are AT&T, National Grid, Puget Sound Energy, Kansas City Light, and more providers across finance, utilities, healthcare, telecom, banking and insurance sectors.
Founded in 2008, Doxo has raised $18.8 million.
