ChargeBee will utilise this fund in product engineering to expand its offering and customer support team to accelerate their product roadmap.
ChargeBee, a Delaware and Chennai based start-up in Subscription Management and Recurring Billing space has raised $5 million Series B round from Tiger Global.
ChargeBee will utilise this fund in product engineering to expand its offering and customer support team to accelerate their product roadmap.
The start-up has raised $800k Series-A funding of from Accel Partners in last year which was utilised in accelerating growth and invest more in customer support worldwide across time zones.
ChargeBee was founded in 2011 by a group of engineers with extensive experience building business applications in Zoho. ChargeBee now delivers sophisticated recurring billing system as an abstraction layer on top of 30 plus payment gateways globally, including PayPal Payments Pro, Stripe, Authorize.Net and Braintree Payments.
“Billing is an amazing opportunity for conversation with customers but also a point of friction if not done well. In a subscription-based business model it becomes crucial to deliver amazing customer experience in billing as much as your product and we focus on delivering this on top of global payment gateways like Stripe & Braintree,” said, Krish Subramanian, Co-founder & CEO of ChargeBee.
ChargeBee has developed a tight knit relationship with payment gateways globally to provide a robust transaction management and reconciliation framework for customers. Started with a simple idea to solve a globally relevant problem for businesses, ChargeBee today has over 500 customers from more than 10 countries. With increased adoption of recurring revenue model across several business categories, ChargeBee is positioned to deliver best-in-class SaaS solution that helps drive the growth of subscription businesses globally.
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