I remember that first product roadmap session with Derek, Uwe, and Mick in May 2021 — whiteboarding what would soon become the AI risk assessment model. And now we’ve had our very first exit: this week Biller announced their strategic acquisition by Banking Circle that will further accelerate their path to democratise B2B commerce globally. 🙌
We began this journey with the strong conviction that we were in the right space, working with the right team, with the ability to give them the right support. Even with all the right things in place, I still didn’t think it was possible to build a new company at such a fast pace!
We clearly defined what was needed for Biller to succeed in this hot and competitive space:
✅ A differentiated data and AI proposition: combining their market knowledge with our machine learning expertise, we’ve developed market-leading technology in credit assessments and fraud checks.
✅ Get to market — FAST!: Deploying our dedicated venture building applied AI software squad, Biller went live in 3 months.
✅ Go beyond the home turf advantage: Biller was built with international expansion and hyper-scaling in mind; expanding beyond the Netherlands was the next big goal for Biller.
We were fortunate to meet the exceptional team at Banking Circle at the perfect moment for both of us. Banking Circle was looking to add BNPL capability to their portfolio of products, serving their global customer base. And Biller was looking for a partner with global infrastructure through which to power its international expansion. There was an immediate match in vision, ambition, and culture. Beyond the synergies of strategy and tech, it is these qualities that will help Derek, Mick, and Uwe continue to build their business with Banking Circle.
It’s been a brief but absolutely thrilling journey, and we couldn’t be happier for the Biller team.
For you (future) founders out there, I’ve reflected on our experience building Biller and would like to share my Top 5 Do’s and Don’ts for building a great business:
As we have been since we met the team last May, we are passionate believers in Biller’s ability to democratise B2B commerce. We are thankful for the journey we’ve been on with Derek, Mick, Uwe, and the rest of the Biller team. We’ve learned a lot from our experiences together; we’re proud of Biller and can’t wait to see their continued success.🚀
What’s next for Slimmer AI? Stay tuned: we are already working on exciting new opportunities with amazing founders focused on disrupting their industries.
If you have an idea for a product or company and are driven to make a real difference in your industry, I’d love to hear from you.