6 SaaS Startups in the Billing Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Billing industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 6 VC funded SaaS startups in the Billing industry.

Libeo

Libeo is a special tool for gathering, managing, and paying all of your supplier bills. In one click and without IBAN. We are reimagining how businesses interact with their partners and make payments. No more hours wasted manually inputting invoices, responding to irate supplier email reminders, or accruing late payment penalties. * Payment of supplier bills with a single click of the IBAN; automated invoice input; bulk or individual uploads; and Work in teams: customized approval processes, mobile alerts. Consolidated financial indicators that show your finances in real time. The Ile-de-France Ordre des Experts-Comptables, the Banque Postale, the Société Générale, the French Tech, Wilco, Finance Innovation, and BNP Paribas all sponsor Libeo.

Company details:
Founders:
Jeremy Attuil, Pierre Dutaret, Pierre-Antoine Glandier
Founded:
2019
Based in:
Paris, Ile-de-France, France
Website:
Libeo
Industries:
B2B, Billing, Financial Services, FinTech, Payments, SaaS
Latest funding:
$24,262,010
Series A
11 February 2021
Total funding:
$30,814,797
Investors
LocalGlobe, DST Global, Roosh Ventures, Serena, Breega

Monetize360

We take great pride in having developed the industry's leading no-code pricing and billing solution. Even in the most complicated situations, our customers may easily automate repetitive financial operations and monetize their goods and services. No expensive bespoke development or difficult onboarding is necessary.

Company details:
Founders:
Murali Saravu
Founded:
2017
Based in:
Milpitas, California, United States
Website:
Monetize360
Industries:
Billing, Financial Services, Payments, SaaS, Software
Latest funding:
$3,200,000
Seed
4 October 2021
Total funding:
$3,200,000
Investors
SVQUAD

RecVue

RecVue simplifies billing by leveraging the most robust and complete Order-to-Cash platform on the market. RecVue reduces the time to revenue, optimizes billing and revenue processes, and boosts customer satisfaction. Our customers have cut the bill-to-invoice cycle by up to 61% and streamlined Days Receivable Outstanding by up to 25%. The platform integrates with any front end ERP or back end CRM applications. It includes transaction mediation tuned to support high volumes of transactions, complete billing-to-invoice capabilities, advanced pricing support, partner management/revenue sharing, and robust analytics and reporting. For more information, visit: https://www.recvue.com For more information, visit http://www.recvue.com

Company details:
Founders:
Nishant Nair
Founded:
2016
Based in:
Palo Alto, California, United States
Website:
RecVue
Industries:
Billing, Cloud Computing, Enterprise Software, SaaS
Latest funding:
$13,191,580
Series A
14 January 2021
Total funding:
$20,191,580
Investors
Cota Capital, EPIC Ventures, Long Light Capital

Upflow

Upflow is the software company revolutionizing how B2B businesses get paid. The platform help companies manage their unpaid invoices and improve their cash collection by using the company's SaaS-based payment platform. Alexandre Louisy and Barnaby Malet started the company in 2018.

Company details:
Founders:
Alexandre Louisy, Barnaby Malet, Thibaud Elziere
Founded:
2018
Based in:
New York, New York, United States
Website:
Upflow
Industries:
B2B, Billing, E-Commerce Platforms, Financial Services, FinTech, Payments, SaaS, Software
Latest funding:
$15,000,000
Series A
15 June 2021
Total funding:
$17,908,624
Investors
Y Combinator, eFounders, Kima Ventures, 9Yards Capital, AltaIR Capital

vasyERP

vasyERP is a comprehensive cloud-based ERP platform that handles everything from eCommerce to ERP, Production, Inventory, Cloud-POS, Smart Retail, Omnichannel eCommerce, Self - Checkout, Smart Cart, mPOS, Self Ordering, Cloud Printing, ERP, Customer Loyalty & Memberships, CRM, Self-Kiosk, Offers & Discounts, GST Returns, Accounting, and Hybrid POS and much more!

Company details:
Founders:
Dharmendra Ahuja, Khushi Motiyani
Founded:
2017
Based in:
Ahmedabad, Gujarat, India
Website:
vasyERP
Industries:
Apps, Billing, CRM, Enterprise Applications, Enterprise Resource Planning (ERP), Enterprise Software, Retail, Retail Technology, SaaS, Software
Latest funding:
$4,200,000
Seed
10 August 2021
Total funding:
$4,200,000
Investors
Reliance Industries

Zenoti

For the spa, salon, and med spa businesses, Zenoti offers an all-in-one cloud-based software solution. Large spa, salon, med-spa, and fitness chains are supported by the system, which provides the capabilities needed to grow the network while boosting unit-level performance. It assists small and medium-sized organizations and is a real enterprise solution for this sector. The all-in-one technology aids clients in business expansion and management. With online appointment booking, POS, CRM, staff management, inventory management, integrated marketing programs, and more, the firm gives customers the ability to manage any part of a business on the go. It assists companies in streamlining operations, lowering expenses, and increasing consumer spending and retention. The company's headquarters are in Bellevue, Washington, and it was created in 2010.

Company details:
Founders:
Dheeraj Koneru, Saritha Katikaneni, Sudheer Koneru
Founded:
2010
Based in:
Bellevue, Washington, United States
Website:
Zenoti
Industries:
Billing, Cloud Data Services, CRM, Enterprise Software, Marketing, Point of Sale, SaaS, Scheduling, Software
Latest funding:
$80,000,000
Series D
7 June 2021
Total funding:
$331,000,000
Investors
Advent International, Norwest Venture Partners, Accel, TPG, Tiger Global Management

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