Billbox

Billbox

Incentivized medical payments, made for patients.

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Security Type
SAFE
Categories
Financial Services
Min Investment
$100
Location
Los Angeles, CA
Offering Date
January 06, 2021
Expected Close Date
April 29, 2021
Target Raise
$50.00K-$1.07M

Company Description

Billbox is a medical billing solution that handles the patient-responsibility part for healthcare professionals. We send friendly text reminders instead of paper mail, make it easy to pay online from any device, and then reward patients by reporting paid bills to credit bureaus to help improve their score.

Five years from now, we hope to be in 15% of family physicians processes and have begun expanding to hospitals, specialists, and radiology. We also want medical debt being sold to a collection agency to be obsolete- something we are shocked we ever did. 

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $500+ for Billbox T-shirt or coffee cup
$5,000+ Zoom meeting with the founder - an opportunity to help shape the future of Billbox!
$25,000+ Dinner with founding team (when it's safe!)
Invest $500+ for Billbox T-shirt or coffee cup
$5,000+ Zoom meeting with the founder - an opportunity to help shape the future of Billbox!
$25,000+ Dinner with founding team (when it's safe!)

Key Deal Facts

Early Traction: We already have a commit from a Pediatric Care clinic as our first BETA partner
Woman founder with 10 years startup experience in product design and web strategy
Med-tech is a booming industry
⚡️Moving fast: went from idea, to company, to website, to partnership, to Seed round in > 6 months.
VC-backed business

Use of Proceeds

$50,000

  • 92.5% of our minimum goal will go toward MVP development (MVP development is $100k)
  • 7.5% will go towards WeFunder fees

$1,070,000

  • 10% MVP development
  • 15% toward additional product development/engineering (including API)
  • 10% distributor acquisition/sales
  • 12.5% marketing
  • 10% legal fees and licensing for credit reporting
  • 25% working capital
  • 7.5% WeFunder fees
  • 5% legal fees
  • 5% facility fees

Management Team / Advisory Board Bios

Lex Oiler
CEO at Billbox
10 years working in tech as a product designer and web strategist. Holistic health coach + eating disorder peer coach. Mom.

Adrian C. Jackson
CTO at Billbox
Brilliant full-stack developer who started his career in 2004. Previous CTO and deep experience working in healthcare.

Evan Robinson
Chief of Staff at Billbox
NYU graduate. Worked and organized political and policy campaigns. Experience in media and marketing.

Josue Martinez
Design at Billbox
Successfully delivered experiences that have met the needs of users in the edtech, healthcare, human resource systems and fintech product spaces.
Amount Raised : $100,720
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Valuation

Security Description

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