Afterward, Finovera debuted its bill management solution:
"The average American household is overwhelmed by more than 20 service provider relationships that require managing dozens of web accounts and passwords. Families are busy, and it's very easy to miss deadlines and due dates, incur finance charges and hurt your credit rating. Despite the widespread availability of paperless bills, statements and many documents, digitization of household information management has still not taken off - primarily because there hasn't been any service that was effortless and convenient.
Finovera does all of the work for busy families. Our mission is to bring order to this chaos by automatically downloading and organizing bills and financial statements every month in a secure digital filing cabinet. Using mobile cameras or scanners, consumers can store documents in the cloud. The service reminds users when bills are due, and a one-click 'Pay Now' button automatically logs them in to their online accounts on external websites so bills can be paid quickly and conveniently."
Product Launched: September 2012
HQ Location: Milpitas, CA
Company Founded: May 2011
Metrics: Privately-funded by Founders and Angel Investors, 12 employees, Pre-revenue
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Purna Pareek (CEO) and Preeti Ray (Sr. Product Manager)