Solvimon, founded by ex-Adyen execs, has built a usage-based billing platform. It just raised $9.6 million with this 10-slide pitch deck.

  • Dutch fintech startup Solvimon has raised $9.6 million in seed funding.
  • The startup, founded by former Adyen execs, enables SaaS firms to offer usage-based pricing.
  • Solvimon will use the additional capital to expand its footprint in Europe and the US.

Solvimon, a payments and billing startup, recently raised $9.6 million in seed funding.

The 2022-founded Dutch company has created a billing platform centered on usage-based pricing. SaaS products have traditionally relied on predictability, but customers are increasingly demanding more usage-based deals.

“What we have seen is that the world is moving towards more flexible pricing,” Solvimon cofounder and CEO Kim Verkooij told Insider.

“From AWS, to Stripe, and HubSpot, dealings per transaction or user are more common and a new era of pricing requires a new way of billing.”

Verkooij and cofounder Etienne Gerts witnessed this shift firsthand while working on the internal billing platform at former employer Adyen. To give users more flexibility, Solvimon’s billing engine generates invoices and processes payments in real-time rather than monthly.

According to Verkooij, the emergence of AI as a tailwind has boosted the broader market for usage-based pricing. Furthermore, the rise of AI will most likely result in SaaS companies embedding AI services into their offerings, which will be by definition usage-based, according to Verkooij.

Solvimon, based in Utrecht, the Netherlands, intends to use this funding round, which was led by Northzone and included a number of angel investors, to expand its customer base and further develop its product. Verkooij added that the round took only two weeks to put together.

Hiring will be focused on product engineers and the formation of a commercial team tasked with expanding the company’s footprint in Europe and the United States, according to Verkooij.

Similar Posts

Leave a Reply