Connect with us

Top Stories



Nikhil Shah, CEO of SmartBill, announced the launch of the UK’s first subscription management platform. The Y-Combinator advised startup has createda robot for locating, tracking and managing bills to avoid “subscription traps” and save money.

It comes at a time when the Government is considering new proposals to combat the subscription trap problem, which costs the UK £4bn every year. Subscription traps commonly begin with companies requesting credit or debit card information for a free trial,and then automatically charging the customer,usually on a recurring basis,without any further notice once the trial ends.

SmartBill is a free service that enables individuals to automatically identify subscription payments that often go unnoticed in their monthly bank statements. Given such subscription fees are typically small and occur infrequently they are tough to spot, however if not managed,they can total thousands each year.

Users can use SmartBill to identify and cancel unwanted services in a single click, eliminating the need for cancellation calls to multiple providers. The software takes just minutes to set up and uses the same back-end provider as Money Supermarket group companies,operating with bank level security.

“This is just the tip of the iceberg” says CEO, Nikhil Shah. “In the future, we will save people money across the entire spectrum of household payments.We want to take the hassle of contract monitoring and deal sourcing away from the consumer so they have the best deal for everything, all of the time.”

International Data Corporation (IDC)estimates that approximately 30 percent of applications will be in the form of “robot as a service” models by 2020 and 60 percent of those will be via robotic software. SmartBill is ahead of the trend toward cloud-based robotic software, which provides a great backdrop for the continued expansion ofits services.

SmartBill hopes to lead the way by transforming the way individuals currently manage their subscriptions and monthly expenditures for essential services. The potential of personal financial management as a service is expanding and SmartBill is strategically positioned to take advantage of evolving technology and the growing marketplace for robotic services.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate


Newsletters with Secrets & Analysis. Subscribe Now