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Financial Software - Monday, July 30, 2007

BillShrink To Launch Out of Bessemer

Yodlee founder Schwark Satyavolu has been an Entrepreneur-in-Residence at Bessemer Venture Partners for the past 10 months and the firm has now invested $1M in Series A funding into his new firm BillShrink, says PEHub. The pre-launch Menlo Park-based startup vaguely casts itself as a provider of online data to consumers for the selection of certain consumer services. Satyavolu was with consumer finance technology's Yodlee as co-founder and CTO for over 7 years.

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