Strong Consumer Adoption of All-in-One Bill Pay Service Lands doxo on Esteemed List Of High Growth Companies
SEATTLE, November 17, 2021— doxo today announced its inclusion on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year. The innovative web and mobile bill pay service helps empower consumers to improve their financial health by offering secure, all-in-one bill payment to any biller, with any payment method, on any device.
Many U.S. households struggle to stay on top of bills, a challenge that has only grown more pronounced with the ongoing impact of the pandemic. doxo’s core value has proven to be especially timely — the all-in-one bill management app simplifies the task of staying on top of bills and helps improve financial health. doxo’s disruptive, customer-centered bill pay experience is independent of any individual bank or biller, giving users the freedom to pay their bills with multiple payment accounts; manage all due dates in a single view; schedule automatic payments; and check payment status with real-time tracking on a mobile phone or device. doxoPLUS adds 5 essential financial protections including $1M in protection from potential losses to identity theft or online financial fraud.
As people shifted more bill payments online and to mobile over the past year, the company experienced rapid organic growth, vastly expanding both its customer-base and the number of billers on the doxo network. To date, over six million doxo users across 97% of U.S. zip codes have paid bills through the payment network, across more than 45 different service categories. This consumer demand and accelerated growth drove doxo’s placement on the list, at #352 out of 500 of North America’s highest growth companies. With more than 100,000 payable billers, doxo’s proprietary, crowd sourced provider directory is uniquely representative of how all consumers pay their bills no matter where they live. doxo grew its user base by more than 70 percent in the past year and is expanding its team to further accelerate growth and change the bill pay landscape to focus on the customer.
“We are honored to be recognized alongside this prestigious group of disruptive technology companies,” said co-founder and CEO, Steve Shivers. “doxo has seen incredible adoption from recent innovations like introducing free bill pay to users and our doxoINSIGHTS reports that provide a more transparent look at household financial health and spending activity across the country. These efforts underscore our commitment to simplifying payments and saving money for consumers and billers nationwide.”
“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”
“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”
doxo provides simple, secure all-in-one bill payment to any biller, with any payment method, on any device. A doxoPLUS subscription adds free bank payments and five essential financial protections that boost household financial health. Through these services, doxo currently serves over six million paying users who can make payments to over 100,000 local and national businesses, making doxo the largest bill pay directory in the nation. Billers on the network get paid directly, fast and free – and consumers have complete bill pay independence over when and how they pay their bills. doxo expanded its user base by more than 70 percent in the past year and is expanding its team to further accelerate growth and change the bill pay landscape to focus on the customer. doxo investors include MDV, Sigma Partners, and Bezos Expeditions. doxo is based in Seattle, WA. For more information visit www.doxo.com.
About the 2021 Deloitte Technology Fast 500™
Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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