Revolv3 raises $4.5m for recurring billing platform
Summary
Revolv3 is led by Frank Arellano, who brings 20+ years of proven success blending visionary insight and strategizing global change initiatives, specifically in the subscription billing space. So we developed an easy to use platform that does all the work for them, resulting in incremental revenue while reducing card processing fees.Revolv3s recurring billing platform is a simpler, more agile solution for ecommerce merchants offering subscription billing products. According to Visa and Mastercard in a July 29, 2021 report, an average of 15% of recurring payments are declined and for some industries that rate can be as high as 30%.The Revolv3 platform maximizes recurring billing payment captures by identifying and analyzing data used by each bank card processor and issuer in real-time to optimize recurring and recycled attempts, resulting in improved payment capture rates by as much as 14%. For developers, Revolv3s machine learning backend is easily configurable within the platform via the portal or the APIs and is designed for the level of customization and granularity necessary to efficiently manage subscription billing payment capture and support ecommerce merchants as they scale and optimize their subscription business.Plans for this investment include further building out the platform for advanced features and increasing the scope of the product roadmap. Were excited about Revolv3s growth opportunities and believe in this team, says Michael Caso, Rosecliff Ventures Managing Partner.
Funding
Review available funding amount, funding date, investors, and linked company information related to Revolv3 raises $4.5m for recurring billing platform in the interactive ISVWorld profile.