Gobbill ^Companies

Fraud and Scam Protection for Secure Automated PaymentsGobbill is an end-to-end payment automation platform that helps individuals and small businesses to have maximum control over payments with minimal effort. The service digitises invoices, checks for fraud and clears payments saving up to 70% of time on accounts payable.Gobbill has invested 5 years in proprietary research and development to develop Know Your Biller (KYB) technologies. In commercial use, its KYB technologies enable Gobbill to operate a secure payments platform to significantly reduce fraud risk and protect businesses.UK Finance reports that 6.6 billion has been lost in BEC fraud payments over the last 5 years and the trend is escalating with an average loss of 28,000 to small businesses. The Financial Conduct Authority reports a growing epidemic of 3.8 million fraud cases reported 2019 Nicky Morgan MP, Chair Treasury Select Committee.Fraud and scams have exponential increased around the world, growing 7 fold in the last three years with the top 3 regions targeted by Business Email Compromise (BEC) scammers being the U.S. (39 percent of businesses), UK (26 percent of businesses), Australia (11 percent of businesses). Hence Gobbill founded in 2015, has continued to fight fraud and protect vulnerable individuals with the company expanding to other countries. There are 32 million small businesses and 51 million households in its initial customer segment for UK, US and AU.The Gobbill SaaS platform digitises invoices received via email from authorised sources for automated payment processing against the account holders credit card or bank. Gobbill is able to pay a wide range of bills generated by councils, utility, telecommunication, insurance companies and 40,000 other billing organisations.The company is sponsored by Microsoft, a partner of the Australian Governments cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk. Gobbill is an Authorised Representative (1261196) of Australian Financial Services Licence Holder (448066) and registered Australian Government disability insurance scheme provider (4050064402).The company is expanding to the UK and has joined Fintech Scotland, NatWest/RBS FinTech Accelerator and EIE20.