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BillGuard raises $3m to beat hidden card charges

03 February 2011  |  6740 views  |  0 credit card

BillGuard, a US start-up that crowdsources information on hidden credit card charges and then alerts users, has raised $3 million in angel funding, according to TechCrunch.

The service, still in private beta, is designed to let people know when hidden fees, billing errors, scams and fraud appear on their credit card bill.

Users that register their cards receive an alert when another member flags a charge that also appears on their bill.

In addition, BillGuard analyses bank transactions and scans for complaints online, feeding the information into its system which is continually watching customer bills.

According to TechCrunch, the start-up has now received $3 million in funding from Bessemer Venture Partners, Chris Dixon, Ron Conway, IA Ventures, Howard Lindzon and Yaron Galai.

BillGuard Raises $3M To Track Hidden Fees, Billing Errors On Credit Card Bills - TechCrunch

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