Collaboration creates powerhouse software capabilities in automated subscription billing and payments
Orlando-based integrated payments technology provider, Fattmerchant, announces its strategic investment in Fusebill, an agile cloud-based subscription billing and payments platform.
Founded in 2011 in Ottawa, Canada, Fusebill is an award-winning, enterprise-class subscription billing and management platform used by hundreds of leading companies worldwide. Fusebill’s flexible commerce engine empowers clients through powerful revenue recognition capabilities, as well as the automation of payments and recurring, tier, consumption-based, and other billing models. Fusebill simplifies subscription billing management, giving businesses the agility to capitalize on new product opportunities, maintain a competitive edge, and focus on business growth.
“Fusebill has an impressive record as a frontrunner in billing solutions for small and midsize enterprises,” said Suneera Madhani, CEO and founder of Fattmerchant. “This exciting partnership brings international expansion to Fattmerchant, along with enhanced features for revenue reconciliation, deeper subscription billing, and an API-first approach.”
Since 2014, Fattmerchant has experienced solid growth in its software platform and has processed $9 billion in payments, offering businesses a unified commerce experience to manage their operations and facilitate omni-channel payment acceptance. The company provides independent software vendors (ISVs) the ability to integrate payments into their product offerings and operate as a payment facilitator. Last fall, Fattmerchant received a majority investment led by Greater Sum Ventures to further its growth.
“Fusebill’s feature-rich technology is an incredible additive to support our growing partnerships and ISVs to have enhanced billing for their customers, making our API steps ahead of our competitors,” added Sal Rehmetullah, president and co-founder of Fattmerchant.
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“This opportunity is a perfect fit for Fusebill as an avenue to fuel our growth in integrated payments,” said Tyler Eyamie, CEO of Fusebill. “Both companies will have access to a larger pool of ISVs and be able to serve both customer groups with a more robust toolset.”
Fusebill offers integrations with leading customer relationship management (CRM) and enterprise resource planning (ERP) solutions to streamline revenue recognition and accounting. It also has its own branded payments offering, Fusebill Payments, for a seamless customer experience.
