BillGO

Founded in 2015 by Dan Holt, Scott Miller, and Kelly Seidl, BillGO is a financial technology company aiming to modernize bill payment systems. The company originated as BillHero and is headquartered in Fort Collins, Colorado. CEO Dan Holt brings experience from the aerospace and fintech sectors, including leadership at a bank technology firm that was later acquired. His background as a US Air Force Officer complements his entrepreneurial drive. Co-founder Scott Miller serves as Vice Chairman and has a background in business consulting. Kelly Seidl, the third co-founder, acted as the Chief Technology Officer, leading the platform's technical development.

BillGO operates a business-to-business (B2B) model, providing a platform that facilitates bill management and payments for banks, fintech companies, billers, and consumers. The company's core offering is its open biller network, which accepts both consumer and business payments, combined with flexible bill pay technology. This infrastructure is designed to replace slower, paper-based processes with real-time digital transactions. Revenue is primarily generated through transaction fees charged to financial institutions and billers for each payment processed through the network. Licensing agreements with financial institutions that integrate BillGO's solutions provide another recurring revenue stream.

The company's main product is a platform that allows end-users to manage, view, and pay all their bills from a single, centralized interface. Key features include real-time bill presentment, payment scheduling, automated reminders, and instant payment confirmations. A significant component of the service is the BillGO Exchange, which provides a centralized portal for businesses to process same-day digital payments, converting paper checks into electronic payments that can be received in minutes. This service streamlines reconciliation by aggregating payments from various financial institutions into one self-service portal. The platform also utilizes virtual cards to enhance security by preventing the transmission of a customer's direct bank account information to the biller. BillGO has raised approximately $177 million in total funding over seven rounds, with investors including MVB Bank, USAA, BankTech Ventures, and Capital One Ventures.

Keywords: bill payment processing, B2B payments, fintech platform, open biller network, digital payments, real-time payments, payment systems, financial technology, BillGO Exchange, payment aggregation, subscription billing, electronic bill presentment, payment scheduling, virtual cards, accounts receivable automation, payment reconciliation, secure payments, mobile bill pay, financial institution solutions, biller directory