Company Overview
Snapshot
Founded in April 2010 by Yaron Samid and Raphael Ouzan, BillGuard operates with 1–10 employees. The company has raised a total of $18.5M across 3 funding rounds from 12 investors. In September 2015, BillGuard was acquired by Prosper Marketplace.
Business overview
BillGuard is a personal finance analytics company that develops technology to identify deceptive, erroneous, and unauthorized charges on consumer credit card and debit-card bills. The company's core technology utilizes big-data analytics to leverage collective consumer knowledge, scanning user e-statements daily to alert them to fraudulent charges and assist in recovery. It operates within the Fintech & Insurtech sector, specifically focusing on Personal Finance Management and Cyber Security, with a strong emphasis on Identity Security for consumers.
Strategic signal
In September 2015, BillGuard was acquired by peer-to-peer lending platform Prosper Marketplace for over $30 million. This acquisition signals a strategic consolidation within the fintech industry, where established lending platforms are integrating advanced personal finance and fraud detection capabilities to enhance their service offerings and expand their market footprint. For investors, this highlights the value placed on robust financial security and data analytics solutions in the consumer finance space.
Log in to access full profile ›Company Intelligence Q&A
- What is BillGuard's primary focus?
- BillGuard focuses on personal finance analytics, specifically identifying deceptive, erroneous, and unauthorized charges on consumer credit and debit card bills using big-data analytics.
- When was BillGuard founded and by whom?
- BillGuard was founded in April 2010 by Yaron Samid and Raphael Ouzan.
- What was a significant corporate milestone for BillGuard?
- In September 2015, BillGuard was acquired by Prosper Marketplace for over $30 million.
- How much capital has BillGuard raised?
- BillGuard has raised a total of $18.5M across 3 funding rounds.
- What product did BillGuard release in June 2015?
- In June 2015, BillGuard released identity theft protection tools, as reported by news.nocamels.com.