1bill launches app to help Aussies manage and pay bills
A new venture, 1bill Holdings, has launched an Android and iPhone app, 1bill, that will enable Australians to take control of household bill management and ease bill shock, with the ability to consolidate, view and pay bills, switch to better deals, and unlock a ‘Bill Now Pay Later’ function, all in one place, while earning rewards. At a time of national economic unrest with rising household bills, 1bill offers an end-to-end solution to bill management, to help Australians get back in control of their finances.
1bill is the innovation of business builder Neil Saligrama and his team, who recently marked 10 years running one of Australia’s largest utility connection and comparison platforms with Compare & Connect. Originally a start-up, Compare & Connect is now approaching a $100 million valuation with a team of 200 individuals across Australia. 1bill CEO Saligrama said the company aims to provide an end-to-end solution to make bill management and payment easier and more affordable. By offering management and payment capabilities in one app, the platform is well placed to meet the evolution of a range of industries, bringing convenience, control, savings and better data and insights for consumers, retailers and businesses.
Leveraging the existing Compare & Connect platform as one of the app’s functionalities, 1bill users can view similar offers from a range of providers and automatically or manually switch without leaving the 1bill app environment — using its connections and diverse retailer relationships to help customers get a better deal. 1bill users can also connect and receive all household bills via the platform, including viewing real-time cost effectiveness to alleviate bill shock at the end of the month. Users can elect to automatically or manually pay bills via the app and 1bill will regularly generate budget and spending analysis. Every action taken within the app enables users to earn 1bill points and badges, to unlock and redeem special offers.
1bill has partnered with LatitudePay to provide a ‘Bill Now Pay Later’ service, supporting users to avoid financial setbacks when large bills come in by enabling payments to be made over ten weeks, interest free. Originally conceived with SMEs in mind, 1bill’s platform technology is available to be white-labelled to companies looking to enhance data capture, consumer experience and the retailer engagement process. Saligrama said 1bill represents an Australian solution to a global problem, adding that the company will grow the business locally with consumers, retailers and partners while getting ready to expand internationally.
“Bringing 1bill to life has been the result of years of careful thought, foresight, planning and the incredible talent of our team. We’re thrilled to be ready to launch at a time when we feel our technology can make a meaningful difference for Australians who have needed to become more budget conscious but without the time required to research and analyse the options to do so,” Saligrama said.
Immediate plans for the startup include launching 1bill into the New Zealand market as a first step in global expansion, as well as launching app functions with targeted support for small businesses, along with Bundle & Split payment capabilities.
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