MENA’S FIRST&ONLY SUBSCRIPTION MANAGEMENT PLATFORM – RAISES US$2.4 MILLION, IN SEED ROUND LED BY GLOBAL VENTURES
SubsBase, the first and only subscription and recurring revenue management platform catering to the MENA region, announces it has successfully closed its seed round at US$2.4 million.
The investment round was led by Global Ventures, a leading MEA-focused venture capital firm. Other participating investors included: HALA Ventures, P1 Ventures, Plus Venture Capital (+VC) , Plug and Play, Ingressive Capital, and Camel Ventures, plus existing investors Falak Startups and Arzan Venture Capital.
Founded in 2020, SubsBase is a cloud-based subscription, recurring revenue, and billing management platform, that empowers subscription and recurring-based businesses with the collection, operational, analytics, and billing tools to efficiently manage their clients.
All business face the operational challenge of managing revenues and collection; specifically the diversification of payment forms and providers. SubsBase’s no code / low code platform removes the overhead for companies completely, by managing the full subscription lifecycle of invoicing, payments, and notifications. An extra, material benefit is that SubsBase’s platform easily integrates with its clients’ existing systems.
SubsBase’s removal of a subscriber’s lifecycle management overhead allows businesses to focus on their core products and services. By offering comprehensive subscription and recurring payments management solutions, SubsBase is a catalyst for businesses, helping businesses acquire and retain more customers, and scale rapidly without the overhead distraction.
SubsBase works with different customer segments and verticals, such as SaaS companies; lending companies on the recurring collection of instalments and insurance premiums; and real estate companies on mortgages and utility payments.
Subsbase Raises Us$2.4 Million, In Seed Round Led By Global Ventures.Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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