Provides an AI-powered payment recovery platform that integrates with subscription management systems like Stripe and Shopify to automate dunning processes and optimize payment retries. By reducing involuntary churn and recovering up to 80% of failed payments, it helps subscription-based businesses increase their annual recurring revenue (ARR) by 3-7%.
Funding
$4.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Subscription-based businesses face significant revenue loss due to involuntary churn caused by failed or declined payments. Many companies lack the resources or expertise to implement effective dunning processes and payment retry strategies, leading to preventable revenue leakage. A significant percentage of businesses are unaware of the exact amount of revenue lost due to these failed payments.
Solution
FlyCode offers an AI-powered payment recovery platform that integrates with existing subscription management systems to automate and optimize dunning and payment retry processes. The platform leverages machine learning models and payment logic to analyze thousands of data points, identify the optimal timing for retries, and personalize communication with customers. By intelligently managing payment retries and customer interactions, FlyCode helps businesses recover a substantial portion of failed payments, reduce involuntary churn, and increase overall annual recurring revenue (ARR). The platform connects to subscription events using webhooks, relays data to its recovery engine, and executes actions via API to trigger payment retries and other subscription management steps.
Target Audience
FlyCode primarily targets subscription-based businesses using platforms like Stripe and Shopify that are seeking to reduce involuntary churn and increase revenue recovery through automated and intelligent payment optimization.
Features
- AI-powered payment retry logic based on machine learning models and extensive data analysis
- Automated dunning process with customizable email notifications sent from the user's domain
- Intelligent segmentation and customer status monitoring for tailored dunning strategies
- Integration with Stripe and Shopify for seamless connectivity with existing subscription workflows
- Real-time monitoring of subscription events via webhooks
- Customizable transactional emails to improve customer experience and increase open rates
- Enterprise-grade revenue recovery accessible to businesses of all sizes