Melbourne, Australia 5^th June 2018 – Award winning financial wealth management platform myprosperity and bill payment automation company Gobbill today announced a commercial alliance.

The partnership will see Gobbill offer a version of its digital service through the myprosperity platform, providing seamless bill payment and management services to households currently using the platform in Australia and overseas.

CEO of myprosperity, Chris Ridd, said the deal would create value for its customers, saving time and money on bill payments, as well as providing protection against an increasing number of bill scams.

“With myprosperity we are creating an integrated platform where advisers and their clients can come together to manage and collaborate on their entire financial world. We do this by creating an open and diverse ecosystem of partners whose products and services enhance the financial lives of our customers. As a leading innovator in automated bill payments, we’re excited to be working with Gobbill to streamline another critical element of a client’s financial world, their bills.”

Shendon Ewans, CEO and Co-founder of Gobbill, said the deal would enable the company to reach an important customer segment to offer its bill payment services within an established and trusted platform.

“myprosperity is a rapidly growing company that has successfully established a trusted platform and ecosystem of financial advisors, accountants, and other service providers. Our companies are aligned in their values, customer segments and strategic direction.”

The partnership with myprosperity supports Gobbill’s growth strategy to increase the use of its product through key partners, expand internationally and position itself as the global leader in bill payment automation.

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About Gobbill Australia

Gobbill™ is a digital finance assistant that automates bill payments using artificial intelligence for households and small businesses. Users are protected from online scams, avoid late fees, maximise discounts and protect their credit rating scores. Small businesses have the additional benefit of digitising invoices, scheduling payments and synchronising data with their accounting software.

After two years of R&D, the company launched its automated bill payment process for public use. It is now investing further R&D in AI to help customers easily switch service providers and save money using its One-Click-Switch™ method.

Founded in 2015, Gobbill can pay bills issued from any Australian provider including utilities, telecommunications, council rates, insurance and more. Gobbill is a Microsoft Startup sponsored company, a partner of the Australian Government’s cyber safety initiative, AI partner of Silverpond and member of Stone & Chalk.

For further information, see gobbill.com.au or contact the team at: [email protected]

For media inquiries, contact Account Director, Laura Blue at: [email protected]

About myprosperity

myprosperity is a cloud-based personal wealth platform that makes it easy for accountants and advisers to help their clients get their financial world – sorted. Available on desktop and as a mobile app, myprosperity is a whitelabel wealth portal that boasts live data feeds and digital doc signing, as well as budgeting, cashflow and goal setting tools for an integrated all-in-one approach to personal finance.

Founded in 2011, the company is now the leading personal wealth platform in Australia. In March 2018, myprosperity was awarded Financial Advice Innovator of the Year at the Fintech Business Awards.

For further information, see myprosperity.com.au or contact media:  [email protected]

The Federal Budget is just around the corner. The Australian government has come a long way in offering grants and tax incentives for the startup community and its investors. However, there’s a lot more to do to support innovation.  Shendon Ewans, co-founder and CEO of digital bill payment service Gobbill,says the R&D tax incentive is an important lifeline for startups to continue investing in innovative solutions. “Gobbill has spent the last three years and most of our funding on R&D to develop artificial intelligence in fraud checking and bill payment automation, which has allowed us to file local and international patents and export contract opportunities. “This is testament to the fact that the tax incentive should remain. Any notion to reduce or cap it may have an adverse effect on Australian innovation,” Ewans cautions.

Read more at IT Wire

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CRN (IT News) Impact Awards has announced Gobbill as 2018 Emerging Innovator Finalist.

“Melbourne startup Gobbill seeks to eliminate rampant fraud in bogus bills while returning the precious resource of time to overburdened small business owners and consumers.” CRN

This award is for Australian software startups or other emerging tech firms that have developed their own intellectual property and successfully commercialised it.

Read more at CRN IT News

Co-founders Quentin Marsh and Shendon Ewans originally came up with the idea for Gobbill in a local pub. The initial concept was to help people pay bills on time.

However, when Shendon’s father fell victim to an email scam and lost his savings, Shendon and his brother Simon (a software engineer with Gobbill) took action. Email scams are rapidly increasing across Australia and around the world. Gobbill has now built in extra fraud protection and offers a solution for those looking to protect themselves from potential email scams.

Read the Sydney Morning Herald article.

Read The Age article.

The University of Melbourne – Melbourne Business School interviews 2014 Master of Enterprise graduate Shendon Ewans about making bill payments a breeze. He shares about co-founding Gobbill with Quentin Marsh, his masters degree and management tips. “Have a go. You won’t know until you do. You’d be surprised at how many people are supportive and keen to help.”

To read more, visit https://fbe.unimelb.edu.au/newsroom/adding-to-your-bill

The Australian Taxation Office has ruled that technology start-up company Gobbill satisfies the requirements to be an Early Stage Innovation Company (ESIC). “The ESIC rules, whilst offering major incentives to start-ups and investors alike are complex.” says EY’s R&D and Technology Incentives Partner Mark Chan. Read more…

About Australian FinTech

The Australian FinTech site is Australia’s only online space dedicated to promoting and discussing all things FinTech. Whether it be for Personal Finance, Payment Platforms, Apps, Venture Capital, Accelerators or Incubators, Australian FinTech has it covered. See australianfintech.com.au

Gobbill was featured in Crowdfund Insider. The article covered the ATO ruling that Gobbill is an ESIC affording its investors Australian tax incentives such as Tax offset of 20% of the value of their investments and capital gains tax exemptions.

This is great news for Gobbill as it will provide another reason for investors to support the company. Read more..

About Crowdfund Insider

Crowdfund Insider is the leading news and information web site covering the emerging global industry of disruptive finance including crowdfunding, peer-to-peer / marketplace lending and other forms of Fintech. Our site provides extensive coverage, and industry leading perspective, from a team of staff writers and leading industry expert contributors from around the world.

Crowdfund Insider was envisioned and created by dedicated industry professionals and is supported by an independent group of investors.

MELBOURNE, Australia – 16 May 2017: ATO recognises fintech start-up Gobbill as Early Stage Innovation Company.

The Australian Taxation Office has ruled that technology start-up company Gobbill satisfies the requirements to be an Early Stage Innovation Company (ESIC).

Gobbill is a new digital service that automates and centralises all bill payments, giving users a streamlined solution offering greater security and increased control of their finances. The start-up is sponsored by Microsoft’s BizSpark program and is also a partner of Stay Safe Online, a Commonwealth initiative to protect Australians from cyber related crimes. New users can sign up for a free account at gobbill.com.au

The ATO ruling states, “Gobbill’s email bill innovation is the first holistic product that provides end-to-end processing using a digital service platform that includes the detection of fraudulent bills… It has been identified as having a wider global addressable market.”

“We are very pleased to receive this positive ruling from the tax office,” says Gobbill co-founder Shendon Ewans, “Our experience dealing with the ATO for this ruling has been very positive. They seem to be supportive of innovation and entrepreneurship for the Australian start-up eco-system.”

Although ESIC was introduced in the 2016 Budget, many investors and startups are unclear of their eligibility for tax benefits. “The ESIC rules, whilst offering major incentives to start-ups and investors alike are complex.” says EY’s R&D and Technology Incentives Partner Mark Chan. “Given this complexity and the ongoing compliance requirements, startups and investors should obtain legal and tax advice to ensure they are applying the rules correctly.”

Australian start-ups and investors interested about the tax incentives for investing in early stage innovation companies can refer to ATO’s website “Tax incentives for early stage investors” or contact their legal and tax advisors.

 About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. For more information about our organisation, please visit ey.com.

About Gobbill

Gobbill is an Australian digital start-up company focused on household and small business bill payment automation. Gobbill users simply forward their email bills to their @gobbill.com account. Gobbill checks for fraudulent and suspicious email bills and ensures that payments are made on time, helping users avoid late fees, receive their pay-on-time discounts and protect their consumer credit rating score. Gobbill is a wholly owned and operated Australian company sponsored by Microsoft since 2015.

Media enquiries:

Ms. Grace Stephenson, Media and Communications
Gobbill Pty. Ltd. (ABN 87 607 293 612)

Email: [email protected]

Level 1, 382 Little Collins Street, MELBOURNE VIC 3000

Business IT news: “Gobbill takes care of paying bills on time”  Click here to read the article.

Gobbill was featured in Business Insider Australia debuting its new online service. Read the article here.