Over six years of development, the new startup 1bill represents the next generation of comparison, connection and consolidation marketplaces
Innovated by the Compare & Connect team under the leadership of seasoned entrepreneursur, Neil Saligrama, 1bill is ready to hunt the 4000 billion dollars utility market opportunity while responding to future market disruptions in the areas of open banking, open energy and Consumer Data Right (CDR)
1bill Holdings has raised over $ 15 million over two years to support the growth and development of breakthrough technology that for the first time houses invoice management and payment capabilities in a single app
1bill has joined forces with BNPL LatitudePay allowing users to pay their household bills over ten weeks, interest-free – making budgeting easier and bills more affordable
Melbourne, Australia, Dec. 1, 2021 / PRNewswire / – New Company 1bill Holdings Launches Android and iPhone App, 1 invoice, which will, for the first time, allow Australians to take control of household bill management and mitigate bill shocks through the ability to consolidate, view and pay bills, move to best deals and unlock a ‘Bill Now Pay Later’ feature all in one place, while earning rewards.
At a time of national economic turmoil coupled with an increase in household bills, in particular; Broadband, Utilities, Energy, Insurance, Consulting, Telco and Pay TV, 1bill offers the only end-to-end solution for bill management, allowing everyday Australians to take back control of their finances.
As a pioneer in the emerging and fragmented industry of household bill management, 1bill is the innovation of the seasoned business creator, Neil Saligrama and its talented team, which this year celebrates its tenth anniversary as one of the australia largest utility connection and comparison platforms with Compare & Connect. Originally a bootstrap startup, Compare & Connect is now moving towards a $ 100 million valuation with a team of 200 talented people through Australia.
Founder and CEO of 1bill, Neil Saligrama, said; “The problem that 1bill seeks to solve is very topical in the need to provide an end-to-end solution to make managing and paying invoices easier and more affordable. By offering both management and payment capabilities in a single application, the platform is well positioned to respond to the evolving industries in which we operate into the future, bringing convenience, control, savings and better data and information not only to consumers, but also to the retailers and businesses we partner with.
How 1bill is supporting Australian households to ease the shock of bills
By leveraging the existing Compare & Connect platform as one of the application’s multi-faceted features, 1bill users can view similar offers from a wide range of providers and switch automatically or manually without ever leaving the 1bill app environment – using its 500,000+ connections and various retailer relationships to ensure customers get a better deal.
Additionally, 1bill users can log in and receive all household bills through the platform, including real-time profitability visualization to ease the bill shock at the end of the month. Users can choose to automatically or manually pay their bills through the app and 1bill will regularly generate budget and expense analysis. Every action taken in the app earns users 1bill points and badges for unlocking and redeeming special offers.
More recently, 1bill has partnered with LatitudePay to provide a “Bill now Pay later‘, helping users avoid financial setbacks when big bills come in by allowing ten-week payments, interest-free.
Originally designed for SMBs, 1bill’s platform technology is white-labeled for businesses looking to improve data capture, customer experience, and retailer engagement processes.
“Bringing 1bill to life is the result of years of thought, foresight, planning and the incredible talent of our team. We are excited to be ready to launch at a time when we believe our technology can make a significant difference for Australians who have had to become more budget conscious, but without the time to research and analyze the options to do so. . 1bill represents an Australian solution to a global problem and we are excited to grow the business locally with consumers, retailers and partners while getting ready to expand beyond our shores, ” Saligram adds.
1bill is an Australian Made ™ certified company, proudly designed, owned and operated by local Australian talent. Founder, Neil Saligrama is the main investor / owner holding the majority of the shares, Doma Group-Canberra also owns a significant stake in the company.
Immediate plans for the start-up include the launch of 1bill in the New Zealand market as the first step in its global expansion, as well as the launch of application functions with targeted support for small businesses, as well as bundled and split payment capabilities.
For more information or to download the revolutionary invoice management application, visit www.1bill.com.
1bill is the most advanced invoice management platform in Australia. Platform technology is available as Android and iPhone apps to make it easier for users to manage, pay, finance and compare household bills including utilities, energy, town hall, insurance, broadband, telecommunications and more. An innovation from the award-winning team of leading utility comparison and connection platform, Compare & Connect, 1bill was created to solve the problem of shocking household bills caused by rising consumption, increases prices and offers and plans difficult to interpret by bringing together management and payment functions under one roof. 1bill offers more control, savings, convenience, and better data and information to help Australians make smarter decisions, saving them time and money.
SOURCE 1 invoice