Online bill pay service Billeo has announced a $7 million Series B round of funding. ATA Ventures led the financing, with additional contributions from all of Billeo’s existing investors including Altos Ventures, Claremont Creek and Pacifica Fund.
Billeo provides consumers a free service that is designed to make all online transactions convenient, simple and secure.
Billeo offers consumers flexibility in managing their online bills, as well as their passwords or any other information involved in online transactions.
Billeo is gaining traction and online Banking report has recognized Billeo with the ePayment "Best of the Web" award.
This space is getting a little crowded with similar sites Cake, Zecco, Wesabe, Covestor and Mint.
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