As of now, about a decade after their establishment, doxo can point to millions of users and they can rightfully claim to have changed the way those millions pay their monthly bills. It is the first crowd-sourced, consumer-centered bill paying solution ever conceived and it should come with a warning. Thanks to doxo, those millions of people can take full control of how they pay their bills, whether they do so via credit or debit card, direct transfer from a checking account or anything else that’s viable.
The reason the founders of doxo and created the doxo bill payment system is because bill payment is a segment of the economy that represents approximately half of all household spending, which makes up most of the economy. That is why the folks at doxo started the company in the first place. For example, if your usual electric bill is $150 or less, and you set the auto-pay limit to that level, you’ll know immediately when the bill goes above that. Many who use doxo compare it to a filing cabinet, where users can scan and keep all their bills, statements and related documents in a secure place, and they can pay their bills as they come up. This free service (this is no scam – it’s truly free!) includes many features that make bill-paying a much easier monthly chore than otherwise.
Located in Seattle, doxo was founded as a partnership between several venture capitalists, including Amazon CEO Jeff Bezos’ firm, Bezos Expeditions. Their goal with this venture was to make it easier for people and small businesses to pay their bills no matter where they are when they’re due, all from one single account.