Finovate Startup 2009 Video Archives >> BillShrink


Website: www.billshrink.com
Blog:
www.billshrink.com/blog
HQ Location:
Redwood City, California
Company Founded: July 2007
Product Being Demoed: Commute gas pricing with alerts, credit card/wireless plan finder
Product Launched: March 2009
Metrics: $9M raised to date, 11 Employees, March 2009 traffic tripled to over 200,000 unique visitors




Presenter Profile How they describe themselves: BillShrink is a free cost-savings tool that saves consumers money on their everyday bills. BillShrink asks users a few quick questions and then searches millions of data points to find and instantly present money-saving alternatives that match actual usage. BillShrink continues to track market changes and can provide an email alert if a better savings opportunity becomes available. Currently BillShrink helps consumers save money on Cell Phone Plans, Credit Cards, and Gas and will be rolling out more bill-saving opportunities.

What they think makes them better: In under a minute, BillShrink conducts an analysis of the consumer’s bill then instantly scans millions of possible product combinations to deliver an unbiased set of savings recommendations. Recommendations are presented in an easy to use interface, so consumers can compare service provider plans – apples-to-apples - against their actual use or needs. Billshrink automatically repeats the analysis on an ongoing basis to ensure their users are always getting the best deal. The personalized recommendations are possible because BillShrink has the largest dataset for each vertical. We monitor over 10 million wireless data points, our credit data deciphers all the points programs down to a dollar amount, and our commute-based gas savings tool factors in the cost of detouring to any station.

Executives: Peter Pham (CEO), Schwark Satyavolu (Co-Founder/CTO), Samir Kothari (Co-Founder/VP Product)

Investors: Gus Tai, General Partner, Trinity Ventures (www.trinityventures.com)
David Cowan, Managing Director, Bessemer Ventures (www.bvp.com)

Board Members: Gus Tai (General Partner, Trinity Ventures), David Cowan (Managing Director, Bessemer Ventures), Matt Coffin (Founder, Lowermybills.com), Schwark Satyavolu (Co-Founder, BillShrink), Peter Pham (CEO, BillShrink)

Contacts: Biz Dev, Sales and Press: Peter Pham, CEO, peter@billshrink.com

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