BillShrink Closes $8 Million in Series B Funding

By Stan Schroeder
|  Thursday, Jan 7, 2010  |  Updated 3:31 PM PDT
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BillShrink Closes $8 Million in Series B Funding

BillShrink is a personal finance site, its main aim being saving you money - whether it’s through better management of your credit cards or your monthly phone bill.

Today, BillShrink announced that they’ve raised $8 million in Series B funding, led by Trinity Ventures and Bessemer Venture Partners. This, together with their Series A funding, led by Bessemer Venture Partners, brings their total funding to $9 million.

They’ll use the money to develop new applications which should, as they say, help users further “shrink their bills;” BillShrink CEO Peter Pham hints that one of these might be “market tracking alerts.” The timing is definitely right for personal finance/savings applications, since the economy is looking everything but good nowadays, and people are desperately seeking advice on how to weather the storm.

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