How Utilibill CEO Morgan Duncan grew Utilibill to $2.8M revenue with a 28 person team in 2023.
Utilibill is a market leading subscription billing and payment platform that supplies an end to end solution for utilities companies including Electricity, Water, and Telco services. With our cloud based utility billing system we provide provisioning, rating and payments with CRM and major accounting software integration in an innovative way. The CRM module tracks all customer communications from one location for instant access to statements, details and service information. This is complemented by an extremely flexible rating and pricing engine, which takes feeds from some of the world's prominent carriers. Utilibill's billing engine is fully configurable through our easy to use rate plan tool, making it simple for users to add in or modify rate plans to their exact requirements. We integrate with third parties in order to automate as many system interactions as practical and we strive to minimise manual tasks by embracing web services, XML, SOAP along with other tools and techniques.
Last updated
Utilibill Revenue
In 2023, Utilibill's revenue reached $2.8M. The company previously reported $3.4M in 2021. Since its launch in 2014, Utilibill has shown consistent revenue growth.
| Year | Milestone |
|---|---|
| 2023 | Utilibill Hit $2.8m revenue in December 2023 |
| 2021 | Utilibill Hit $3.4m revenue in April 2021 |
| 2014 | Launched with $0 revenue |
Utilibill Valuation, Funding Rounds
Utilibill is a bootstrapped Billing Software startup. Founded in 2014, Utilibill has grown to $2.8M in revenue without raising any venture capital or outside funding.
As a self-funded Billing Software SaaS company, Utilibill has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold |
|---|
Utilibill Employees & Team Size
Utilibill employs approximately 28 people as of 2026, down from 35 in 2022.
Utilibill has 28 total employees in different roles and functions and 2 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2023 | Reached 28 employees (December 2023) |
| 2022 | Reached 35 employees (December 2022) |
| 2021 | Reached 42 employees (December 2021) |
| 2021 | Reached 41 employees (April 2021) |
Founder / CEO
Morgan Duncan
Experienced Executive creating solutions that drive disruption in the utilities and Telco industries. Co-Founded Telcoinabox which went from concept to IPO to exit on sale to MNF and 5GN. Co-founder of Utilibill, provider of market leading billing and payments to over 200 utilities small and large across the globe. 3 cozy offices 65 amazing staff. Learning something new everyday. Loving Father and husband distracted by kitesurfing, wing foiling, restoring 1960's cars. Now preparing to ramp up Electricityinabox® to provide a transition path for brands looking to enter the energy space.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
We do not have customer count information for Utilibill yet.
Frequently Asked Questions about Utilibill
What is Utilibill's revenue?
Utilibill generates $2.8M in revenue.
Who founded Utilibill?
Utilibill was founded by Morgan Duncan.
Who is the CEO of Utilibill?
The CEO of Utilibill is Morgan Duncan.
How much funding does Utilibill have?
Utilibill raised $0.
How many employees does Utilibill have?
Utilibill has 28 employees.
Where is Utilibill headquarters?
Utilibill is headquartered in United States.
People Also Viewed
NextME
NextME makes it simple for businesses to manage waitlists and serve more customers. Track visits and wait times, engage your customers in real-time with a custom virtual waiting room, and grow your business like never before. NextME leverages proprietary historical data to help businesses quote more accurate wait times during peak hours. We believe in superior customer service and that waiting in line can be done virtually, not physically. NextME's digital waitlist for businesses is available to download in the App Store today: http://apple.co/1IUTQWw We're hiring! See our current opening positions here: https://bit.ly/3llzOho Need an extra hand with a product demo? Give us a call at (877) 639-8631
BluAgent
BluAgent Technologies is a fully integrated SaaS platform that streamlines and simplify the entire safety and compliance process
Headway Essex
Headway Essex is a charity that supports people living with acquired brain injury, ensuring they can live a fulfilling life.
Digital Horizon
Digital Horizon is a VC firm focused on backing exceptional entrepreneurs building B2B software-based solutions and marketplaces. With a presence in London, Tel Aviv and Moscow, Digital Horizon aims to seek out early-stage technology companies with the ultimate goal to assist them in building and scaling their business.
Trefis
Provider of a business analysis technology. The company provides a data analytics technology for investors and decision-makers in business that allows users to share, use, and collaborate on analysis.
Liquid Logics
Liquid Logics, a True cloud-based SaaS Full Cycle Lending Software Solution for the residential Mortgage banking Industry. Based in the greater Kansas City area, Liquid Logics developed a full cycle Loan creation, Automated Underwriting and Mortgage Brief Case empowering borrower transparency and direct control of the loan process, changing their experience the way Travelocity did to the travel market. Liquid Logics unlike other legacy Loan Origination System who promise future roadmaps for online systems, provides today, online secure products that are focused on allowing consumers and lenders to effectively self-manage the flow of information and bi-directional direct communication between all interested parties of the transaction on all platform mobile, PC or tablets. The suite of products will provide real efficiency and profitability while gaining a competitive advantage. For more information please visit liquidlogics.com or contact us directly at 816-295-6240
Compare Utilibill to the industry
Utilibill operates across multiple industries. Browse revenue, funding, and growth data for Utilibill in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .