Press Releases

Consumers are More Loyal and Spend More Money with Brands They Subscribe To

SAN FRANCISCO, Calif., April 26, 2022 – According to a new U.S. survey conducted by Recurly, the leading subscription management and billing platform, consumers feel more loyal (51%) and tend to spend more money (42%) with brands and businesses they subscribe to. As pandemic restrictions ease, in-person dining (46%), domestic travel (45%), and in-person entertainment and events (43%) are the top categories where consumers want to spend their time and money.

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Recurly Recovers Nearly $800 Million in Revenue for Customers in 2021

SAN FRANCISCO – March 23, 2022 – Recurly, Inc., a leading subscription management and billing platform for high-growth, digital brands, announced it recovered over $794 million in revenue for its customers in 2021 through industry leading dunning technology. This milestone is a 32% YoY growth from 2020. Each year, businesses lose on average 7.2% of subscribers monthly due to “passive churn,” customers who have lapsed because of changes to their payment methods or expired cards. Recurly utilizes machine learning to identify opportunities to reduce churn and recapture revenue that could disappear due to declined subscription payments, customer behaviors or outdated payment methods.

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Recurly to Exceed $10 Billion in Transaction Payment Volume as Pay-As-You-Go Subscription Models Accelerate

SAN FRANCISCO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Recurly, Inc., the leading subscription management and billing platform, today announced that it will exceed $10 billion in annualized transaction payment volume this year, representing a 40% increase over the prior year. This milestone comes on the heels of Accel KKR (AKKR) taking a majority stake in the company. Additionally, Recurly announced that it is cash-flow and EBITDA positive, with year-over-year net revenues up 37% and gross margins of 74%.

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Recurly launches Wallet in a strategic expansion of its subscription platform

San Francisco, CA, April 22, 2021 – Recurly, Inc., the leading subscription management and billing platform powering over $7 billion in annual transactions, today announced that it has launched Wallet as part of a major expansion to its industry-leading portfolio of payment capabilities that now includes Venmo, local payment acceptance in LatAm, prepaid account balance and enhanced pricing precision.

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Subscription Commerce Leader Recurly Closes $19.5M Investment Led by F-Prime Capital

Recurly, Inc., the leading platform powering subscription commerce, announced that it has closed $19.5 million in new funding led by F-Prime Capital along with Polaris Partners, Greycroft and Silicon Valley Bank. The financing comes after several years of strong growth that has seen Recurly become the platform of choice for thousands of subscription businesses worldwide.

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Recurly Expands in Boulder

Recurly, Inc., the enterprise-grade subscription management platform, announced a significant expansion in Boulder, Colorado. The new office space will accelerate the pace of investment in the organization, including engineering, customer success, and sales.

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