Driven by Strong Consumer Adoption, doxo’s Innovative Bill Pay Service Ranks Among Top Third of High-Growth Companies on Inc. 5000 List
NEW YORK & SEATTLE–(BUSINESS WIRE)–Inc. magazine today revealed that doxo is number 1,402 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. 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, allowing users to benefit from the freedom to pay their bills with multiple payment accounts; manage all due dates in a single view; schedule automatic payments; check payment status with real-time tracking; on a mobile phone or any device that’s convenient. 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 growth, expanding both its customer base and the number of billers on the doxo network. To date, over five million doxo users across 97% of U.S. zip codes have paid bills through the payment network across more than 45 different service categories. 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.
“doxo is proud to be recognized as a high-growth Inc. 5000 company,” said co-founder and CEO, Steve Shivers. “We’ve 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 simplify payments, expand innovation, and cut costs for consumers and billers across the country.”
Inc.’s list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
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 five 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 Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
Dotted Line Communications for doxo