Foregoing business loans and debt to others, popular and growing 10-year online bill pay service doxo turned to the public for much of its financial backing. doxo was born in 2008 as a response to issues faced by bill payers everywhere. This one-stop-shop for payment services expedited the process while also offering a more convenient and simple method. Financially assisted by three investors — Bezos Expeditions, Mohr Davidow Ventures and Sigma Partners — the budding brand turned to the awaiting public in bringing the dream to life.
With money in hand, doxo used crowdsourcing to lift its project off the ground. Crowdsourcing has become an increasingly popular means for gaining ideas and strategies from others. Additionally, it aids in bringing a product to consumers that is wanted and needed — a product that truly addresses a void in the community. It certainly helped the efforts of doxo and bringing this secure, scam-free, simple bill payment option to life.
Since its initial debut in 2008, doxo has grown regularly. The site now has more than 3 million users with another 45,000 unique billers utilizing the service to collect owed dollars. And it continues the growth, regularly utilizing crowdsourcing still as a means to improve.