With the dawn of the internet, many people perhaps thought that paying bills would become easier, but instead it got more complicated. Today, bills arrive through several channels – the physical mailbox as well as e-mail, directly to the internet bank or even as text messages.
“We wanted to invent a smarter way of paying bills. That’s how we came up with the idea of a mobile application that automatically gathers all bills and let’s you pay them with a click,” say Klever founders Jeanette Samuelsson and Simon Sandvik. Despite their young age, the two are real start-up veterans, as they earlier founded Finland’s first peer-to-peer lending company Fixura.
Apparently, there are a lot of people who believe in the business idea of making bill paying easy and hassle-free. By the end of 2017, Klever had raised €2.2 million from investors and had been granted a loan of over €0.5 million from Tekes – the Finnish Funding Agency for Innovation.
Nobody loves paying bills, but still everybody needs to do it. By downloading the Klever app to your phone, you pay your bills simply by fingerprint sensor or even by facial recognition. Once you have paid a bill via Klever, all bills from the same sender will in future arrive directly to your phone. If you get a paper bill, the app lets you take a photo of it, after which it can be paid with a swipe.
Klever is currently available for private individuals in Finland and the company is preparing to launch the app in Sweden during 2018. At the same time, Klever is about to finalise partnership agreements with major companies in the financial sector. In the end of 2017, the first agreement was signed with Lindorff, who will use the Klever application to send invoices directly to customers’ phones.
“For companies, Klever is an easy way to improve the cash flow and lower the costs of invoicing,” Sandvik points out.
In addition to expanding to new markets, Klever also wants to expand its services to users. Klever’s mission is to help people have full control over their finances, and thus the natural next step is a personal finance management tool within the app.
“My vision is that everyone should have a financial advisor in their pocket,” says Samuelsson.
Business sector: Application for bill paying and financial management
Raised funding: €2.2 million