How they describe themselves: doxo is a simple, secure all-in-one bill pay service that facilitates secure payment to any biller, with any payment method, on any device. doxo currently serves over 2.5 million users who make payments to over 45,000 local and national businesses, making doxo the largest bill pay directory in the nation. Billers on the network get paid directly, fast and free – and consumers have complete bill pay independence over paying their bills. doxo more than doubled its customer base in 2018 and is expanding its team to further accelerate growth and change the bill pay landscape to focus on the customer.
How they describe their product/innovation: doxo is introducing a money-saving overdraft protection feature powered by its partner Plaid. Within a single web and mobile experience, doxo users will now be able to track their bank balance as they pay their bills – reducing the incidence of overdraft events and helping them better manage their cash flow. According to a 2017 study, nearly 80% of all households need to time their bill payments to match funds from their paycheck. This new feature combined with others like reminders and real-time bill tracking helps users save time and reduce overdraft and late payment penalties.
Product distribution strategy: Direct to Consumer (B2C)
Bus. Dev.: Roger Parks, VP Bus. Dev
Press: Jenny Davis, Dotted Line Communications, email@example.com