One of the competitors in the bill management space, doxo, announced that it had raised $3.5 million in new funding just before the holidays. The additional capital brings the Seattle-based startup’s total to $19 million.
doxo makes it easier for businesses and consumers to move toward more efficient, paperless financial management processes. The company includes Jeff Bezos and Open Table CEO Thomas Layton among its investors, and its cloud-based document storage and online payment system has been compared favorably to PayPal. Among doxo’s customers are AT&T, Sound Community Bank, Puget Sound Energy, as well as the State of Washington.