Utrecht-based Solvimon raises €9 million to enable companies to overcome the flexible pricing barriers
Summary
Co-founded by Kim Verkooij (CEO) and Etienne Gerts (CTO), both former VPs at Adyen, Solvimon’s platform empowers mid to large businesses to effortlessly operationalise modern pricing methods, such as ‘usage-based’, where customers pay only for what they consume as well as hybrid models which combine usage-based and traditional, user-based subscriptions. The engine needed to support their usage-based model, handle the flexibility of tailored, enterprise contracts and enormous volume, as it scaled globally. Their conviction meant that we could close the round in just two weeks and get back to building the business.” Research from the Venture Fund Openview found that as many as three in five software companies already offer usage-based pricing. On Solvimon, businesses can model complex pricing plans, monitor invoices in real-time and unlock insights into product usage to identify opportunities for revenue expansion and customer retention. Having a single source of truth for all product pricing and revenue data not only streamlines operations across the organisation, it will unlock key business insights.