Chargebee, which helps subscription-based businesses automate revenue operations, announced the acquisition of numberz, a platform that automates accounts receivable and collections. The move will allow the company to provide additional services through the newly formed Chargebee Receivables.
Chargebee Receivables will enable subscription businesses to automate their receivables process from purchase to payment, in addition to other services like managing products and invoices.
Krish Subramanian, CEO and co-founder of Chargebee, said the company acquired numberz in order to address a common bottleneck in business operations.
“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,” he said in a statement. “With the acquisition of numberz, we are focused on solving bottlenecks that often occur due to clunky accounts receivable systems that leave collections delayed and bills unpaid.”
The numberz team is joining Chargebee in offices across India and remotely, and its executive team members will join Chargebee’s leadership team.
This is Chargebee's third recent acquisition. In January, it acquired customer management retention technology provider
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