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Bill Kill
Combining useful payment tools and rewards programs to motivate users to pay their invoices
- Female Founder, Fintech, Mobile Apps
- Series A
Location
Oslo, Norway
Revenue size
EUR 500,000 -
Year founded
2016
Funding raised
EUR 1.2 million
Founders
Sonni Christine Jakobsen, Stian Strandem and Erik Vasaasen.
Most relevant investors
Innovasjon Norge
Team size
1-9
Problem
Presently there are no incentives for individuals to pay their bills on time. This results in continuous monetary penalties.
SOLUTION
Bill Kill has developed an alternative payment method for invoices that is compatible with any favorite credit/debit card, e.g. Amex, Mastercard and Visa. The system provides a reward system for consumers paying their invoices on time that include companion tickets, Eurobonus, access to lounges all over the world, cashback, etc.
So far the solution has decreased late payments of Bill Kill’s consumers by 20%, with up to 3% incentives for on due time payments through their reward program.
KEY CUSTOMERS AND INTERNATIONAL PRESENCE
Bill Kill has completed over USD 16 million worth of transactions since their launch in 2020. They have an official partnership with American Express Globally and are presently operating in Norway, expanding to Sweden in 2022, and the rest of Europe in 2023/24. American Express helps Bill Kill with a “go to market” strategy through their channels
Team
Behind Bill Kill is an ambitious, functional, and a complete core team with in excess of 50 years of experience in debt collection, IT, finance, and marketing. The founders have worked together before and have known each other since they were university students.
Unique selling point
Bill Kill is the best invoice platform for consumers. Bill Kill motivates users to pay their invoices by the due date. The Bill Kill users are looking forward to the next opportunity to register their payment transactions with their favorite cards. You don't have to do much to have a simple overview and control over your invoices in Bill Kill.
Asia Connection
One of the founders is originally from Korea. Bill Kill is looking for distribution, partners, funding, talent, and new ideas across the East Asian region.
Pitch
