The concept behind the company was born when co-founder Schwark and his wife tried to compare rates when changing their family cell phone plan. Overloaded with data on coverage, features and pricing, Schwark (who conveniently is a data analysis wizard) realized that this was a problem best solved by technology. Two years and many fancy algorithms later, BillShrink saves the average user $1500 and continually provides money-saving recommendations through timely email alerts to keep people saving even more.
It’s great to have options. But since there are literally millions of options to consider when looking at credit cards, cell phone plans and gas stations, it’s just not possible for a mere mortal to sort through them we all. BillShrink puts technology to work by scanning millions of data points and constantly re-calculating your usage and needs against all the possible product combinations. Simply put, we’ve gone to all the trouble so you don’t have to.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 07/01/07 | Series A | 1M | Bessemer Venture Partners | Unknown |
| 10/01/08 | Series B | 8M | Trinity Ventures, Bessemer Venture Partners, Trinity Ventures, Bessemer Venture Partners | 9M |