Leading SaaS revenue management platform collaborates with the world’s first recurring revenue exchange to enable growth with non-dilutive capital.
Chargebee, the industry leading subscription management platform, today announced a partnership with Pipe, the world’s only exchange providing access to non-dilutive, debt-free capital to companies with recurring revenue. Together, the companies are collaborating to empower SaaS companies with the operational tools and capital they need to grow and scale more efficiently.
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The fast-growing cloud services and SaaS market experienced a major uptick throughout 2020 and both Chargebee and Pipe support these businesses by providing both subscription infrastructure and access to capital for growth. Uniquely suited to partner, Chargebee provides the tools for SaaS companies to manage their revenue, while Pipe allows them to monetize those revenues.
“Our customers are focused on scaling their businesses, and not only do they need tools that help with operational efficiencies, but they need access to capital solutions to fund predictable spend and growth,” said Krish Subramanian, co-founder, and CEO of Chargebee. “The work Pipe is doing to provide SaaS companies capital free of debt and dilution is changing the economics and trajectory of the cloud subscription services industry, and our customers are eager to take advantage of it.”
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Chargebee recently raised $55M in funding, for a total of $105M to date, to enhance its product and integration ecosystem and better serve customers. The strategic partnership allows Chargebee customers preferred access to Pipe’s exchange and guarantees the best rates available as they trade their subscriptions for upfront capital. During onboarding, Pipe customers sync their Chargebee accounts in order to access real-time intel about which subscriptions, or contracts, are available to trade for instant capital on Pipe’s exchange.
“This partnership solidifies our companies’ shared goal of empowering the growing SaaS market by providing the best-in-class tools and services for recurring revenue companies,” said Harry Hurst, Pipe co-founder and co-CEO. “Collaborating with Chargebee, the industry’s leading revenue management tool, helps accelerate our mission to give even more companies access to non-dilutive capital.”