Recover failed subscription payments to increase retention and LTV
Company is active
Event Year: 2022
Company is active
Event Year: 2022
FlyCode empowers subscription-based businesses to optimize revenue streams by proactively addressing involuntary churn. The platform offers intelligent management of payment failures, effectively mitigating revenue loss. Founded by Jake, Etai, and Tzachi, FlyCode is dedicated to helping SaaS and B2C subscription services recapture revenue lost due to failed payments, a common cause of unintentional churn.
Involuntary churn, often unseen, significantly impacts subscription businesses. Unlike active cancellations, involuntary churn stems from payment issues, often without the customer's awareness. While customer win-back strategies are valuable during cancellation, FlyCode focuses on preventing churn before it occurs.
FlyCode's solution employs machine learning and artificial intelligence to optimize payment processing and implement strategic payment retries. By tailoring a unique model to each merchant and their customer base, FlyCode ensures optimal results in revenue recovery and churn reduction. Features include automated recovery of failed subscription payments, AI-driven payment timing optimization, and enhanced customer communication through coordinated payment retries via email and SMS. FlyCode offers out-of-the-box and custom integrations for merchants, as well as a white-label solution for platforms.
FlyCode empowers subscription-based businesses to optimize revenue streams by proactively addressing involuntary churn. The platform offers intelligent management of payment failures, effectively mitigating revenue loss. Founded by Jake, Etai, and Tzachi, FlyCode is dedicated to helping SaaS and B2C subscription services recapture revenue lost due to failed payments, a common cause of unintentional churn.
Involuntary churn, often unseen, significantly impacts subscription businesses. Unlike active cancellations, involuntary churn stems from payment issues, often without the customer's awareness. While customer win-back strategies are valuable during cancellation, FlyCode focuses on preventing churn before it occurs.
FlyCode's solution employs machine learning and artificial intelligence to optimize payment processing and implement strategic payment retries. By tailoring a unique model to each merchant and their customer base, FlyCode ensures optimal results in revenue recovery and churn reduction. Features include automated recovery of failed subscription payments, AI-driven payment timing optimization, and enhanced customer communication through coordinated payment retries via email and SMS. FlyCode offers out-of-the-box and custom integrations for merchants, as well as a white-label solution for platforms.
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Summer 2022
Fintech
Fintech
Fintech
Fintech
Team size: 7
Hiring: No
Team size: 7
Hiring: No