BillGuard is a technology company.
BillGuard has raised $13.0M across 2 funding rounds.
Key people at BillGuard.
BillGuard was founded by Yaron Samid (Founder & CEO).
BillGuard has raised $13.0M in total across 2 funding rounds.
Key people at BillGuard.
BillGuard was founded by Yaron Samid (Founder & CEO).
BillGuard has raised $13.0M in total across 2 funding rounds.
BillGuard's investors include .406 Ventures, First Round Capital, GPO Fund, iNovia Capital, Moment Ventures, Neu Venture Capital, Openview Venture Partners, Practical Venture Capital, The General Partnership, Uncork Capital, Zinc, Kevin Hart.
BillGuard was a personal finance technology company that developed mobile and web apps to help consumers monitor credit and debit card transactions, detect fraudulent charges, billing errors, hidden fees, and scams.[2][1] It served individual users seeking to track spending, budget, protect against unauthorized charges, and access credit scores, addressing the problem of billions in wrongful payment card charges overlooked by banks through crowdsourced data, algorithms, and alerts.[1][2] By 2015, it had over 1.3 million users, flagged $70 million in suspect charges, and earned top awards like "one of the top banking innovations of all time."[1][2]
The company showed strong early growth with 5-star rated iOS and Android apps downloaded over 1.5 million times, but was acquired by Prosper Marketplace in 2015, rebranded as Prosper Daily, and discontinued in 2017.[1][2]
BillGuard was founded in 2010 by Yaron Samid (CEO) and Raphael Ouzan (CTO), both based in Tel Aviv, Israel, with $3 million in seed funding from investors including Bessemer Venture Partners, Founder Collective, SV Angel, IA Ventures, Social Leverage, and Yaron Galai.[2][3] The idea emerged from a focus on personal finance security, pioneering crowdsourced transaction monitoring to flag the $8 billion in annual wrongful charges missed by banks, evolving from a web-based "set-and-forget" tool to mobile apps in 2013 (iOS) and 2014 (Android).[1][2]
Early traction included rapid user adoption, with the apps winning industry awards and flagging over $60 million in suspect charges by 2014 across $1 billion in monitored transactions; a pivotal moment was the 2015 acquisition by Prosper Marketplace, which integrated its tech into Prosper's platform but led to its rebranding and eventual shutdown in 2017.[1][2]
BillGuard rode the early 2010s fintech wave of mobile personal finance and big data analytics, capitalizing on rising smartphone adoption and consumer demand for transparency amid frequent data breaches and payment fraud.[1][2] Its timing aligned with post-2008 financial crisis awareness of billing errors—$8 billion annually—and the shift to real-time, crowdsourced insights over traditional bank alerts, influencing peers in transaction monitoring.[1][2]
It shaped the ecosystem by proving scalable fraud detection via user-generated data, paving the way for modern apps like those from Clarity Money (recommended post-shutdown), and highlighting Israel's engineering talent, as noted in its Prosper acquisition.[1][3] Market forces like regulatory pushes (e.g., CFPB data integration) favored its model, though acquisition and discontinuation underscored consolidation risks in fintech.[2]
BillGuard's legacy endures in today's fraud-detection features embedded in banking apps, but as a standalone entity, it ceased operations in 2017 after its Prosper integration failed to sustain momentum.[2] Founders like Yaron Samid transitioned to new ventures, carrying forward crowdsourcing innovations.[3]
Looking ahead, trends like AI-driven anomaly detection and open banking will amplify BillGuard's early playbook, potentially reviving similar models amid escalating cyber threats—though its influence now shapes incumbents rather than leading as an independent player, tying back to its pioneering role in empowering consumers against invisible financial risks.[1][2]
BillGuard has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series B in October 2011.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2011 | $10.0M Series B | .406 Ventures, First Round Capital, GPO Fund, iNovia Capital, Moment Ventures, Neu Venture Capital, Openview Venture Partners, Practical Venture Capital, The General Partnership, Uncork Capital, Zinc, Kevin Hart, Marc Benioff, Roger Ehrenberg, Sean Flynn | |
| May 1, 2010 | $3.0M Series A | Neu Venture Capital, The General Partnership, Kevin Hart, Sean Flynn |
