Revenew announced that it has raised $4.55 million in venture capital.
The mentioned company provides an all-in-one solution that helps virtual platforms and marketplaces manage their payment transactions, optimize margins, and streamline financial operations. The relevant information was published on the Revenew’s website.
As part of the solution offered by the company, businesses can get an oversight of their platform revenue and margins. Also, in this case, consumers of the firm’s product are allowed to identify their most profitable customers. Another advantage of the solution offered by Revenew is increasing margins through intelligent pricing. In addition, in this case, a business can unlock new revenue streams, per site.
A message published this week on Revenew’s LinkedIn account notes that receiving funding will allow the company to focus on really putting platforms in the driver’s seat and providing them with the tools they need to evolve and grow.
The firm also launched its flagship product Clarity. This product will help accelerate the company’s mission to ensure the platform economy can prosper by providing unparalleled visibility and control.
The company has received funding from Fika Ventures, Dash Fund, and TTV Capital.
Nicholas Thomson, co-founder of Revenew, said the firm is opening its platform to a broader market after working with early adopters to shape the product. It was also noted that thousands of platforms and marketplaces are leading the growth and future of commerce with embedded finance and with the rise of the platform business model.
As we have reported earlier, Aveni Raises $14 Million.
Serhii Mikhailov
Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.
