October 18, 2011

Personal finance security vendor BillGuard (New York) announced today it has received an additional $10 million in financing.

The company, which last month was a "Best in Show" honor at financial tech conference FinovateFall, tracks millions of billing complaints online and via a transaction flagging system directly in electronic statements. The system is akin to anti-spam technology. BillGuard says its service helps consumers to identify deceptive, erroneous or unauthorized charges on credit card bills.

The company's second-round financing was led by Khosla Ventures, with participation from PayPal co-founder Peter Thiel's Founders Fund, Google Executive Chairman Eric Schmid's Innovation Endeavors and existing investors Bessemer Venture Partners and IA Ventures.

ABOUT THE AUTHOR
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...