brite:bill Secures €1.2M

brite:bill, a Dublin, Ireland-based company that operates a SaaS enabling telecom providers and utilities to deliver an online billing experience for their customer base, has secured €1.2m from the Ulster Bank Diageo Venture Fund, which is managed by NCB Ventures
The company intends to use the funding to expand in the UK and in Europe in 2011.
Launched in January 2010 and led by CEO Alan Coleman, brite:bill has developed an interactive technology that allows service providers including telcos, utility companies, banks and postal operators to provide a customizable environment for the delivery, personalization and payment of bills, invoices and statements over the Internet.
It also enables postal operators, brokerage companies and financial institutions to build financial service portals designed to offer consumers a single destination to access and pay bills from multiple providers.

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