Legado Acquires B2B Tech From WonderBill

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Legado, an open document and data platform specialist, recently announced the acquisition of consumer and B2B bill management technology from WonderBill. Established in 2016, London-based WonderBill helps manage customers’ household bills and subscriptions. According to Legado, the company plans to repurpose WonderBill’s technology to support its B2B personal data management and engagement platform M&G, one of the UK’s oldest investment managers among the company’s client base. FNZ a global wealth management platform and M&G were a few of the major backers of Legado in an investment round in 2019.

Josif Grace, CEO, and founder of Legado said: “WonderBill has invested significantly in its technology over the last few years. The integration of the consumer and B2B bill management technology into Legado’s platform will provide our corporate partners with a market-leading and compliant solution to manage, share, and access personal data in a way that is meaningful for customers.”

Nathaniel Mead, Director at WonderBill said: “We are delighted that Legado will integrate our innovative technology into their platform to deliver on their vision of managing important customer data in a single, secure place that’s easy to navigate. By offering the WonderBill functionality to its rapidly growing set of large B2B clients, Legado will provide increased ease and comfort to millions of households in the UK and beyond.”

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CEO Grace added: “Consumers are tired of being inundated by various means of communication. Our advanced digital vault streamlines personal document management, with machine learning and analytics capabilities providing powerful insights that are used to help manage personal affairs, reduce the fragmentation of personal documents, and ensure consumers have greater peace of mind.”

Josif Grace said: “We’ve got the backing of some of the biggest institutions in the financial services sector. This blend of scale and technology has provided us with an opportunity to create a globally leading proposition that solves a number of challenges faced by organisations and their customers.”


 

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