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ACQUIRED COMPANY
 
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Truaxis  Acquired by MasterCard (2012  amount undisclosed)

601 Marshall Street
Redwood City, CA 94063
USA
(650) 866-5900
Website Company Summary Management Team
Management

General Management: Samir Kothari (08/31/2007)
Technology: Balki Nakshatrala
Sales/Marketing: Carlo Cardilli ; Jeff Millard
Board

Outside board: (May no longer be on the board) Gus Tai (Trinity Ventures) Anil Arora (Envestnet | Yodlee Former CEO) David Cowan (Bessemer Venture Partners) Matt Coffin (LowerMyBills.com Founder)
Company

Business description: BillShrink is a free, personalized savings service for everyday services like wireless and credit cards. It's hard enough to understand complicated bills, let alone to figure out where you might be able to save money. And these days, time is money. That’s where BillShrink comes in. Our vision is to save you time and money through highly-personalized analysis of your particular usage. Not only will Billshrink find the best wireless plans and credit cards for you today, but we can automatically repeat the analysis for you on a regular basis to keep you optimized as your usage changes, better product offers come to market, etc. And soon we'll offer this same free, personalized service for other complicated everyday services. To make all this work easily and intuitively for you, we’re putting modern technology to work on our end to find you savings. Our computer algorithms scan millions of data points , constantly re-calculating your usage and needs against the millions of possible product combinations. Simply put, we've gone to all the trouble so you don't have to. For free. With the launch of StatementRewards℠, BillShrink brings the power and breadth of its money-saving platform directly to users within their online bank statement. BillShrink is working with the country’s leading financial institutions and merchants to give users money-saving deals from their favorite merchants and service providers directly within their credit card statement.
Partners include: Jack HenryAndAssociates ;  Consumer Reports
Capital

Rounds: 2
Recent Fundings: Oct 2008   Jul 2007
Capital raised: 9.0M
Last Round: 8.0M
Ownership: Acquired by MasterCard (2012  amount undisclosed)

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Overview
Record updated: Oct 2011
Sector: Internet
Rounds: 2
Recent Fundings: Oct 2008   Jul 2007
Capital Raised: 9.0M
Last Round: 8.0M
Ownership: Acquired by MasterCard (2012  amount undisclosed)