Also known as: Veles Inc
The Sales Calculator
Company is active
Event Year: 2024
Company is active
Event Year: 2024
Veles addresses the challenges businesses face when transitioning from self-service billing on platforms like Stripe to a sales-led approach. While Stripe is ideal for standard subscriptions, it often falls short when dealing with custom contracts demanded by enterprise clients. These contracts frequently involve ramp-up periods, tiered usage, or unique quarterly billing schedules, leading to what Veles terms 'Billing Debt.' This debt manifests as manual invoices, spreadsheets for tracking renewals, and workarounds that ultimately require complex migrations.
Veles acts as a flexible billing layer on top of Stripe, providing a 'Deal Desk' solution that enables businesses to accommodate diverse customer purchasing preferences without manual intervention. It tackles complex pricing models, including usage-based, flat-fee hybrids, and drawdown credits, ensuring accurate billing through the existing Stripe infrastructure. Veles also facilitates custom deal structures, allowing for ramp-ups and non-standard terms without direct manipulation of Stripe objects. Furthermore, it offers deal desk and approval workflows, establishing pricing guardrails for sales teams and ensuring repeatable contract approval processes. Finally, Veles provides presentation flexibility, generating professional quotes in various formats (web portals, slides, documents, or PDFs) that remain synchronized with the backend system.
Veles addresses the challenges businesses face when transitioning from self-service billing on platforms like Stripe to a sales-led approach. While Stripe is ideal for standard subscriptions, it often falls short when dealing with custom contracts demanded by enterprise clients. These contracts frequently involve ramp-up periods, tiered usage, or unique quarterly billing schedules, leading to what Veles terms 'Billing Debt.' This debt manifests as manual invoices, spreadsheets for tracking renewals, and workarounds that ultimately require complex migrations.
Veles acts as a flexible billing layer on top of Stripe, providing a 'Deal Desk' solution that enables businesses to accommodate diverse customer purchasing preferences without manual intervention. It tackles complex pricing models, including usage-based, flat-fee hybrids, and drawdown credits, ensuring accurate billing through the existing Stripe infrastructure. Veles also facilitates custom deal structures, allowing for ramp-ups and non-standard terms without direct manipulation of Stripe objects. Furthermore, it offers deal desk and approval workflows, establishing pricing guardrails for sales teams and ensuring repeatable contract approval processes. Finally, Veles provides presentation flexibility, generating professional quotes in various formats (web portals, slides, documents, or PDFs) that remain synchronized with the backend system.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2024
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2024
B2B
B2B
B2B -> Sales
B2B -> Sales
Team size: 5
Hiring: No
Team size: 5
Hiring: No