Dutch fintech Solvimon has recently secured €9m in funding from Northzone to develop their next-generation billing platform. The platform, founded by former Adyen vice presidents Kim Verkooij and Etienne Gerts, aims to provide an end-to-end solution for mid to large businesses.
Flexible Pricing Options
The billing platform offers a range of pricing options, including ‘usage-based’ pricing, where customers pay for what they consume, and hybrid models that combine usage-based and traditional subscriptions. This flexibility allows businesses to tailor their billing methods to their unique needs.
The Need for a Comprehensive Solution
Kim Verkooij emphasizes the need for a comprehensive billing platform, stating, ‘While there has been innovation in pricing and metering solutions, businesses are still underserved. Their options are either patching together multiple point solutions or building a homegrown billing solution, which can be expensive and time-consuming.’
Expertise and Insights
Verkooij and Gerts, with their extensive experience in developing Adyen’s billing engine, recognized the potential of usage-based pricing models and identified a gap in billing solutions for this business model. Their unique insights and understanding of the complexity of pricing for larger companies were key factors in securing the investment from Northzone.
A Mission-Critical Solution
According to Northzone partner Michiel Kotting, billing and pricing software are mission-critical for businesses, leading to a strong need for a sophisticated end-to-end solution with a breadth of functionality. Solvimon aims to fill this need and provide businesses with a reliable and comprehensive billing platform.
Continued Investment in Fintech
This investment by Northzone follows their recent seed round investment in fintech Era, a wealth management platform that utilizes artificial intelligence to personalize investment advice. The €9m investment in Solvimon further highlights the increasing interest and support for innovative fintech solutions.