Competitors
COMPETITORS FOR BILL MANAGEMENT
Bill Payment Providers
USA
Mint
Year of Establishment : 2007
Name of the Founder(s) : Aaron Patzer
Legal Name : Mint Software Inc
Product URL : Click here
Product Description : Mint is a personal finance management app that helps users track their spending, set budgets, and save money. Mint also has the facility to schedule bill payments.
Performance : Mint operates in the personal finance management market, which is a rapidly growing market. The global personal finance management market was valued at $50 million in 2021 and is expected to grow to $3 billion by 2027.
Doxo
Year of Establishment : 2006
Name of the Founder(s) : Ed Dwoskin
Legal Name : Doxo Inc.
Product URL : Click here
Product Description : Doxo is a bill payment and management service that allows users to pay their bills, store their bills, and schedule their bills. They provide all these services in a single application.
Performance : Doxo operates in the bill payment and document management market, which is a large and growing market. The global bill payment and document management market was valued at $100 million in 2021 and is expected to grow to $120 million by 2027
Paytrust
Year of Establishment : 2012
Name of the Founder(s) : Manoj Agarwal and Prateek Agarwal
Legal Name : Paytrust Payment Gateway Private Limited
Product URL : Click here
Product Description : Paytrust is a bill payment application that helps users pay their bills, and automate their bill payments. Paytrust helps set reminders for deadlines and ensure the late payment of bills.
Performance ; N/A Numbers not disclosed
India
Freecharge
Year of Establishment : 2010
Name of the Founder(s) : Kunal Shah and Sandeep Tandon
Legal Name : Freecharge Payment Technologies Private Limited
Product URL : Click here
Product Description : Freecharge is an online payments platform that allows users to make payments for goods and services using their various payment options, such as credit cards, debit cards, or netbanking accounts. Freecharge gives rewards for paying bills.
Performance : Freecharge operates in the online payments market, which is a rapidly growing market. The global online payments market was valued at $1.8 billion in 2021 and is expected to grow to $6 billion by 2027.
Smart Pay (by HDFC)
Year of Establishment : 2012
Name of the Founder(s) : Aditya Puri and Suresh Kumar
Legal Name : HDFC Bank SmartPay
Product URL : Click here
Product Description : Smart Pay by HDFC is a personal finance management app and bill payment application that helps set up automatic bill payments. Smart Pay offers rewards for all payments through its application.
Performance : Smart Pay (by HDFC) operates in the mobile payments market, which is a rapidly growing market. The global mobile payments market was valued at $1 billion in 2022 and is expected to grow to $10 billion by 2027.
Mobikwik
Year of Establishment : 2009
Name of the Founder(s) : Bipin Preet Singh and Upasana Taku
Legal Name : One MobiKwik Systems Private Limited
Product URL : Click here
Product Description : MobiKwik is a fintech platform that operates businesses in consumer payments, payment gateways, and financial services. MobiKwik’s payments network is one of the largest in India, with 120 million users, 3 million merchants, and 300+ billers.
Performance : Ipaymy operates in the bill payment market, which is a large and growing market. The global bill payment market was valued at $1 billion in 2022 and is expected to grow to $3 billion by 2025.
Australia
Ipaymy
Year of Establishment : 2016
Name of the Founder(s) : Mike Carney and Michael Cohen
Legal Name : iPaymy Technologies Pte Ltd.
Product URL : Click here
Product Description : iPaymy is a bill payment service that allows users to pay their bills online, in person, or over the phone. Ipaymy offers world class security to keep your payments safe.
Performance : Ipaymy operates in the bill payment market, which is a large and growing market. The global bill payment market was valued at $40 million in 2021 and is expected to grow to $90 billion by 2028.
Citi PayAll
Year of Establishment : 2007
Name of the Founder(s) : Mark Smith and John Carney
Legal Name : Citibank PayAll, Inc.
Product URL : Click here
Product Description : Citi PayAll is a payment processing company that allows users to make bill payments online, in stores, or over the phone. Citi PayAll offers rewards for each and every bill payment and has the facility to Schedule the bill payment.
Performance : Citi PayAll operates in the payment processing market, which is a large and growing market. The global payment processing market was valued at $50 million in 2021 and is expected to grow to $3.2 trillion by 2027.
Sniip
Year of Establishment : 2014
Name of the Founder(s) : Andrew Moor and John Garvey
Legal Name : Sniip Limited
Product URL : Click here
Product Description : Sniip is a bill payment and management application that allows users to pay their bills, manage their bills, and schedule their bills. They provide all these services in a single application. Sniip rewards users for bill payments in general.
Performance : Sniip operates in the mobile payments market, which is a rapidly growing market. The global mobile payments market was valued at $3.6 million in 2021 and is expected to grow to $15.4 million by 2027
COMPETITORS FOR TAX REFUND
Tax Refund Advance Providers
United States of America
TurboTax
Year of Establishment : 2001
Name of the Founder(s) : Renee Lorton
Legal Name : Intuit
Product URL : Click here
Product Description : TurboTax builds software that helps get taxes done right and makes it easy to get the biggest tax refund. TurboTax is available for both federal and state income tax returns. The software is designed to guide users through their tax returns step-by-step hassle free.
Key Differences : No Loan Fee, No Interest Rate With high and Instant approval rates, the maximum refund advance is $4000. Do not provide a monthly refund, Instant withdrawal is not possible.
Jackson Hewitt
Year of Establishment : 1982 Name of the Founder(s) : John Hewitt Legal Name : Corsair Capital Product URL : Click here
Product Description : Jackson Hewitt Tax Service is an industry leading provider of full service individual federal and state income tax preparation, with franchised and company-owned office locations throughout the United States. Jackson Hewitt assists in taking a loan for a tax refund in advance.
Key Differences : Jackson Hewitt offers High and Instant approval rates, and there is no application fee. The maximum refund advance is $3500, Do not provide a monthly refund, the annual percentage rate (APR) is 34.22%, and instant withdrawal is not possible.
United State of America and Australia
H$R Block
Year of Establishment : 1955 Name of the Founder(s) : Henry Bloch, Richard Bloch Legal Name : Ameriprise Financial Product URL : Click here
Product Description : H&R Block is a global consumer tax services provider, having prepared more than 680 million tax returns since 1955. H&R Block helps in No loan fees and 0% interest.
Key Differences : H&R provides an advance with no loan fees, 0% interest, and high approval rates. Instant credit without delay. They do not provide a monthly refund.
Australia
Beforepay
Year of Establishment : 2019 Name of the Founder(s) : Dean Mao, Tarek Ayoub Legal Name : Beforepay Group Ltd Product URL : Click here
Product Description : Before Pay, in partnership with H&R Block, helps tax payers claim their tax refund in advance. The minimum estimated tax refund should be $1,000 or more. This service can be availed of through the Beforepay mobile app or website.
Performance : Before pay give the advantage of High approval rates. The Minimum tax refund should be $1,000 . Do not provide a monthly refund, provide an advance only up to 50%.
Liberty Tax
Year of Establishment : 1997 Name of the Founder(s) : John T. Hewitt Legal Name : Franchise Group Product URL : Click here
Product Description : Liberty Tax specializes in tax planning, personal income tax preparation, business tax preparation, and providing Tax refund advances. Liberty tax also provides solutions in Accounting, Consulting, financial services,Wealth and wealth management.
Key Differences : Liberty Tax offers Instant credit without delay, the user should have a verifiable source of monthly income. Liberty Tax does not provide a monthly refund. Liberty Tax charges up to 35.99%.
India
Tax Spanner
Year of Establishment : 2007 Name of the Founder(s) : Chirayu Patel, Sudhir Kaushik Legal Name : ZikZuk Product URL : Click here
Product Description : TaxSpanner is India’s largest and most trusted website that offers online preparation and filing of individual Income Tax Returns (ITR). Established in 2007, TaxSpanner is based in New Delhi and Bangalore. Since then, it has grown to build the largest customer base in this market segment.
Key Differences : TaxSpanner does not provide Tax refund advance, They mainly offer Income Tax return filling (ITR). During the consulting of Tax returns, filling Tax spanner refers the Tax payer to the Loan provider if a tax refund advance is required.