Dutch fintech Solvimon has secured €9m from Northzone to power the next-generation billing platform.
-Founded by former Adyen vice presidents Kim Verkooij (CEO) and Etienne Gerts (chief technology officer), the end-to-end billing platform is aimed at mid to large businesses.
-It offers the option of ‘usage-based’ pricing methods where customers pay for what they consume, and hybrid models combining usage-based and traditional subscriptions.
-Solvimon’s seed funding round was led by Northzone with participation from angel investors
What does this mean?
“Having previously built Adyen’s complex internal billing engine, Kim and Etienne bring a wealth of unique insights and a deep understanding of the complexity of pricing for larger companies which are increasingly adopting hybrid business models,” Northzone partner Michiel Kotting said.