FlyCode
Recover failed subscription payments to increase retention and LTV
About
FlyCode helps subscription merchants maximize revenue. We reduce involuntary churn by managing payment failures intelligently.
We’re Jake, Etai, and Tzachi and we’re building FlyCode.
TL;DR: If you sell SaaS or B2C subscriptions, we’re here to help you recover lost revenue due to failed payments and involuntary churn.
‘Involuntary’ or ‘Passive’ churn is a hidden Revenue Killer 💳 for Subscription Businesses
❌ THE PROBLEM: Recovering Failed Payments is Complex Involuntary churn refers to the loss of subscribers due to payment failures, not due to them actively canceling. While it is both possible and a worthwhile strategy to attempt to win back a customer during the cancellation process — involuntary churn is not intentional and in most cases, your customers aren’t even aware that their payment failed.
💰 Bottom line? Effective payment optimization does reduce involuntary churn and will increase ARR by as much as 5-10%
FLYCODE SOLUTION 💡 FlyCode leverages ML and AI to provide Payment Optimization and smart payment retries to maximize subscription revenue and reduce churn. We apply a unique model tailored to each Merchant and their customers to ensure optimal results.
⚡️Automatically recover failed subscription payments and reduce passive churn
⚡️Use ML & AI based payment optimization to find the best time to charge your customers
⚡️ Improve customer experience by coordinating payment retries with customer emails/SMS
🛠️ We support OOTB + Custom Integrations for Merchants and White-Label for Platforms
Topics
- Location
- Boston, MA, United States
- Team size
- 7 employees
- YC batch
- Summer 2022
- Status
- Active
- Stage
- Early stage
