FinTech Startup BillGO Scores Bank Investor
Summary
The $634 million logged in the latest week shows that the initial low volume of deals marking the start of 2017 may, in fact, yield to investors putting capital to work. Trailing well behind was the $50 million in Upside, via Priceline.com Founder Jay Walker, as the site aims to help small business travelers save money and find deals. The startup produced a free mobile app that enables users to connect, manage and pay to any number of disparate billers. “Instead of using PayPal or Venmo or Google Wallet each month to pay each other back, BillGO automatically pulls from multiple accounts to pay one biller.” Earlier this month, MVB Financial Corp. invested in BillGO, bringing the startup’s total funding to over $3 million, Holt said, including prior family, friend and self-investments. Further, while the company isn’t looking to encroach on personal financial management territory, Holt said BillGO has plans to build out its account information features.
Classifications
AskAI Classifications
LabelsLinked Companies
