French tech-startup, Hyperline, is already turning heads with its cutting-edge billing platform. Garnering profound interests for its offerings, which include recurring subscriptions, one-time purchases, and usage-based billing, the company has attracted an additional investment of $10 million.
The pioneering startup held an initial seed round in 2023, generating €4 million ($4.1 million as per current rates) from the esteemed Index Ventures. This investment firm is now injecting another $10 million into Hyperline, firmly backing their vision and growth.
Hyperline’s raison d’être revolves around making billing convenient and efficient for businesses. Its founder and CEO, Lucas Bédout, speaks about the complexities of billing. As companies grow, billing requirements become intricate and challenging to manage and track. With a substantial number of customers, someone has to check the billing details regularly, creating potential for error.
Hyperline is distinct from traditional tools as it emphasizes automation. The frequently manual tasks of processing invoices, sending reminders, and creating quotes can be efficiently automated with Hyperline’s platform.
Hyperline’s adaptive billing models cater to businesses’ diverse needs. They provide custom pricing and usage-based components to bill based on the product or service’s usage. The company manages everything except payments, positioning itself as an orchestrator.
The platform acts as an interface with payment providers, such as Stripe, GoCardless, and Airwallex, leading to seamless interactions. Customers can connect their CRMs for sales teams to generate quotes and link their accounting software to reconcile payments and process invoices.
Hyperline anticipates expanding its workforce from 14 to 25, with current notable clients, including Lokki, Malou, ScorePlay, Gladia, and Formance. The company believes it can cater to larger corporations generating more considerable invoice volumes.
Through creative solutions and compelling partnerships, Hyperline continues to reimagine the billing landscape. Its recent $10 million funding injection will further mobilize this vision.
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