Billing Better, the leading UK bills management company, has announced that it has acquired Homebox, a utilities comparison and switching service.
The two companies have been working closely together over the past few years, and this acquisition brings together the strengths of both brands to form a powerful and comprehensive solution for customers, whilst also allowing for further growth in the industry.
The acquisition of Homebox will see founder Hedley Smith assume the role of Chief Technology Officer for the newly formed group. The Homebox brand will be relaunched as a fresh offering in the market, and its current white-labelled utilities comparison service will be integrated into Billing Better's new bills management platform.
Jack Ray, founder of Billing Better, said, "We're thrilled to complete this acquisition and expand our offering to home movers. Homebox's free comparison tool is a great complement to our bills bundle product, providing home movers with the right balance of choice and convenience when setting up their home. Hedley's experience in PropTech and utilities makes him a valuable addition to our team, and we're excited to have the Homebox team join us on this journey."
Hedley Smith, founder of Homebox, said, "After working together for some time, it became clear that we have a shared vision and a strong opportunity to simplify and de-stress people's lives. Joining forces with Billing Better gives us the resources and expertise to achieve our goals and I'm excited to be a part of the next chapter."
With this acquisition, Billing Better solidifies its position as a leading provider of streamlined billing solutions, having experienced a remarkable 100% growth in customer numbers over the past year. The company continues to expand its offerings, ensuring its clients have access to a comprehensive and convenient solution for the management of their bills and utilities.