OurCrowd portfolio company BillGuard was listed by Forbes as one of ’15 Fintech Startups To Watch In 2015′. BillGuard identifies fraud and “grey” charges, which cost consumers over $25B annually, by analyzing crowdsourcing transaction data from its millions-strong user base.
BillGuard began in 2010 as a service to alert users to hidden fees charged by their banks and credit card issuers. The company earned $3 million of funding on the strength of that product. Since then, it has expanded (and raised another $10 million) to become a nearly comprehensive fraud monitor and spending tracker. Its iOS and Android apps push warnings to your devices when something’s amiss, so you don’t have to worry as much about failing to diligently check all of your monthly statements. To date, BillGuard claims it has raised the red flag on over $60 million in suspect transactions for its users.
Read more on Forbes here.