Data platform Legado has acquired bill management technology from WonderBill.
Launched in 2016, London-based WonderBill allows consumers to manage household bills and subscriptions. The company was backed by Shell’s corporate venture capital arm Shell Ventures.
Edinburgh-based Legado plans to repurpose the technology to support its business-to-business personal data management and engagement platform, which counts investment manager M&G among its client base.
M&G and fellow investment firm FNZ are both also backers of Legado through an investment round in 2019.
Josif Grace, chief executive and founder of Legado, said: “The integration of the consumer and B2B bill management technology into Legado’s platform will provide our corporate partners with a market-leading and compliant solution to manage, share, and access personal data in a way that is meaningful for customers.
“Our advanced digital vault streamlines personal document management, with machine learning and analytics capabilities providing powerful insights that are used to help manage personal affairs, reduce the fragmentation of personal documents, and ensure consumers have greater peace of mind.”
Grace founded the business in 2018, after having returned from Silicon Valley where he was chief of staff at RocketSpace, the technology campus in San Francisco that helped to incubate tech giants like Airbnb, Uber and Snapchat.
Nathaniel Mead, director at WonderBill, added: “By offering the WonderBill functionality to its rapidly growing set of large B2B clients, Legado will provide increased ease and comfort to millions of households in the UK and beyond.”
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