Payments News

On The Web

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Deals

Subscription Billing Platform Chargebee Becomes Unicorn After $125M Series G

“Chargebee , a subscription billing and revenue management platform, is valued $1.4 billion following a $125 million Series G. The San Francisco-based company developed an infrastructure for companies to create a subscription business in as little as 10 days and be able to bring in a reliable source of revenue, Krish Subramanian , co-founder and […]
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Deals

Gravy Raises $4.5M for Its Service That Helps Subscription Businesses Recover Failed Payments

“Gravy , a startup helping subscription-based businesses recover failed payments, has raised $4.5 million in Series A funding for its specialized combination of technology and a human workspace that works to reacquire customers lost to what’s known as “involuntary churn.” That means the customer didn’t choose to end their subscription, but — for any one […]
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Deals

Chargebee Raises $55 Million to Help Businesses Move to Subscriptions

“Chargebee allows individuals, small businesses and enterprises to automate subscriptions, billing, invoicing, payments and revenue recognition processes. It supports dozens of popular payment gateways, including Stripe, Braintree, WorldPay and PayPal, and its global tax management coverage also helps businesses to expand to new markets. MakeSpace, an on-demand storage company, used Chargebee’s services to scale from […]
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Grubhub Now Delivering Subscription Service

“Grubhub is jumping on the subscription model bandwagon with its launch of Grubhub+, a membership program offering members unlimited free delivery for $9.99. Members also receive 10% cashback and donation matching to organizations like No Kid Hungry, according to a company press release.”
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WordPress.com Sites Can Now Accept Subscriptions With New ‘Recurring Payments’ Feature

“The subscription model is today sustaining a number of businesses, including artists, creators , news publishers, game developers , entertainment providers and more. Now, top publishing platform WordPress.com is making it easier for any creator or web publisher to add a subscription feature to their own website, so they can begin to generate repeat contributions […]
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67% Of Retailers Report Higher Revenue After Launching Subscription Services – Retail TouchPoints

“By design, subscription services are primarily tools for customer retention, but new research indicates they deliver other benefits as well: encouraging shoppers to try additional channels and new product categories, and increasing the spend levels of already valuable customers. These benefits are derived from the way subscription services build relationships between shoppers and retailers, a […]
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Publishers Chafe at Apple’s Terms for Subscription News Service

“Apple Inc.’s plan to create a subscription service for news is running into resistance from major publishers over the tech giant’s proposed financial terms, according to people familiar with the situation, complicating an initiative that is part of the company’s efforts to offset slowing iPhone sales.”

On The Wires

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Chargebee Fuels Subscription Ecommerce Market Through Integration With BigCommerce

“Chargebee , a leading subscription management platform, today strengthens its ecommerce offering through an integration with BigCommerce (Nasdaq: BIGC ), a top Open Saas ecommerce platform for fast-growing and established brands. Through the integration, merchants of all sizes using the BigCommerce platform will be able to more easily take advantage of Chargebee’s powerful subscription infrastructure to […]