BillGuard is a personal finance security company harnessing the collective knowledge of millions of consumers to protect Americans from fraud and grey charges.
General company ifno:
Year of founded: 2010
Zip Code: 11036
Employees: 11-50
In sector: Finance & Investment
Revenue Sources: User fees for web or mobile access
Social Impact:
Description:
BillGuard’s mission is to use data to save people money. American consumers lose over $14 billion a year to legal grey charges which result from misleading sales and billing practices. We developed advanced crowd-sourcing technology to collect and analyze billing dispute data from millions of consumers in order to extract patterns of fraud and “Grey Charges”. We use these analytics to monitor our user’s credit and debit card statements, alerting them to similar charges on their cards and helping them get their money back.
Financial Info:
We have raised $13M to date from Google chairman Eric Schmidt, PayPal founder Peter Thiel, legendary VC Vinod Khosla, Bessemer Venture Partners, IA Venture Partners and others. We are still a pre-revenue startup. We plan to generate revenue by certifying trusted merchants with our crowd-powered data.