Magazine article American Banker

Billing Portal Doxo Gets First Payee

Magazine article American Banker

Billing Portal Doxo Gets First Payee

Article excerpt

Byline: Stephanie Bell

Doxo Inc. has announced the first biller to accept payments through doxoPAY, the bill-management website it launched this month.

The Seattle vendor's doxoPAY service allows consumers to pay and manage their bills from multiple providers in one location. It went live Feb. 1 and Doxo announced its first payment-accepting provider, Puget Sound Energy of Bellevue, Wash., on Wednesday. The utility's customers now may receive, pay and file their energy bills through their doxoPAY account.

Companies such as Sprint and KCP&L, an energy provider based in Kansas City, Mo., are connected to the doxoPAY platform but are unable to accept payment.

Doxo also said Wednesday that it secured $10 million in financing from Sigma Partners in Boston; Mohr Davidow Ventures in Menlo Park, Calif.; and Bezos Expeditions, the investment fund of Amazon.com Inc. founder Jeff Bezos.

Doxo plans to use the funds to support product development, expand sales and marketing and hire employees. It also said the funding will help attract providers to connect to the site.

When connecting with a biller through doxoPAY, consumers grant permission for that business to turn off paper mail and deliver documents securely and privately to their Doxo account, said Steve Shivers, Doxo's chief executive officer.

Users may check which bills are due by clicking on the "to-do list" within their account, Shivers said. The list shows users which bills are ready to pay and enables them to view the entire bill, he said.

Account holders may pay bills by linking their doxoPAY account with a bank account, which Doxo then uses to pay the biller, Shivers said. …

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