The acquisition comes directly on the heels of the recent additions of Brightback and RevLock to Chargebee, and a new round of funding co-led by Sequoia and Tiger Global, signaling rapid product and talent growth for growing global startup Chargebee.
The company said that subscription businesses will now be able to automate their entire receivables process from purchase to payment, in addition to managing subscription products and invoices, leading to better data collections and insights for better decision-making.
“Over the last year, we have focused on strategic acquisitions that grow our platform and solve a wide range of customer problems by building a unified solution that connects data points from all aspects of the business,” said Krish Subramanian, CEO and cofounder of Chargebee.
He said that with the acquisition of Numberz , Chargebee is focused on solving bottlenecks that often occur due to clunky Accounts Receivable systems that leave collections delayed and bills unpaid.
“When businesses are growing at a fast rate, it’s critical that decision-makers have full visibility into receivables so they have clarity into available working capital needed for growth,” Subramanian said.
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The Numberz team joins Chargebee in various offices and remotely across India, including the addition of executive team members to Chargebee’s leadership team.
“We are excited to be a part of Chargebee and to add Accounts Receivable Management capabilities that help finance leaders better manage their entire order-to-cash cycle, aid business growth and unlock massive value,” said Aditya Tulsian, Cofounder and CEO of Numberz .
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