On a mission
Seattle startup, doxo is on a mission to help the world go paperless and reduce printing, paper and postage costs and help individuals and businesses to stay organized and keep bills paid on time.
The company offers free cloud storage for your bills, bank statements, and business documents that can be organized in folders to help businesses stay organized and save time. All files stored have color-coded labels, “pay documents,” “review documents,” “receipt documents,” and “generic documents” for easier reference.
The service offers pre-populated details from service providers like Sprint, and users can set up automatic bill paying and even controls over auto payments including choosing between paying on the due date or seven days after reception, or not paying if it is over a certain amount. Several regional and national providers promote doxo as the paperless payment option for their customers.
doxo is available on iTunes for iPhone users to take their “digital file cabinet” anywhere they go and users can even take a photo of a document on the fly to be stored in their doxo account.
The company has been funded to the tune of $15.3 million with their 2008 seed funding totaling $500,000, followed by a $4.75 million Series A round in 2009 led by Mohr Davidow Ventures and Bezos Expeditions (which manages Amazon.com Founder and CEO, Jeff Bezos’ personal venture capital investments). Early in 2011, the company received their Series B round of $10 million from Sigma Partners, and again Mohr Davidow Ventures and Bezos Expeditions.
The company is led by executives who have driven businesses that have scaled to serve tens of millions of users and processed billions of dollars in consumer mobile and Internet transactions. The service is free and perfect for small businesses looking to get their finances in order, particularly for keeping bills paid on time.