Funding Details
- Awarder
- YCombinator
- Date Award
- July 05, 2022
- Vertical
- Fintech
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2022
- Company Description
- FlyCode Dunning & Payment Management AI that helps subscription merchants maximize revenue. We reduce passive churn by managing payment failures intelligently.
We’re Jake, Etai, and TD and we’re building FlyCode.
TL;DR: If you sell SaaS or B2C subscriptions, we’re here to help you recover lost revenue due to failed payments and involuntary churn.
‘Involuntary’ or ‘Passive’ churn is a hidden Revenue Killer 💳 for Subscription Businesses
❌ THE PROBLEM: Recovering Failed Payments is Complex
Involuntary churn refers to the loss of subscribers due to payment failures, not due to them actively canceling. While it is both possible and a worthwhile strategy to attempt to win back a customer during the cancellation process — involuntary churn is not intentional and in most cases, your customers aren’t even aware that their payment failed.
💰 Bottom line?
Effective payment optimization does reduce involuntary churn and will increase ARR by as much as 5-10%
FLYCODE SOLUTION 💡
FlyCode leverages ML and AI to provide Payment Optimization and smart payment retries to maximize subscription revenue and reduce churn. We apply a unique model tailored to each Merchant and their customers to ensure optimal results.
⚡️Automatically recover failed subscription payments and reduce passive churn
⚡️Use ML & AI based payment optimization to find the best time to charge your customers
⚡️ Improve customer experience by coordinating payment retries with customer emails/SMS
🛠️ We support OOTB + Custom Integrations for Merchants and White-Label for Platforms
- Market
- Fintech
- Coinvestors
- YCombinator
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