Preferred subscription management firm Chargebee reached unicorn status in February with a valuation of $3.5 billion, after fundraising $250 million from Tiger Global, Sequoia, and other investors.
In recent years, companies in almost every sector have adopted software-as-a-service (SaaS) platforms and solutions instead of relying on physically hosting software. As new SaaS companies emerge and veteran companies try to adapt, Chargebee provides a vital service: managing subscriptions and recurring billings. Led by Co-Founder and Chief Executive Officer Krish Subramanian, Chargebee is the preferred platform for large organizations, such as Okta.
The company has grown by evolving on the fly. After founding Chargebee in 2011, Subramanian focused on small to medium-sized businesses (SMBs). As the company grew, it became capable of taking on larger and larger clients, developing and expanding at the same time.
Now, as his company looks to broaden its scope into e-commerce, media, and other new sectors, Subramanian foresees fintech becoming a part of many more companies. Despite Chargebee’s close proximity to payment systems and other fintech elements, he still considers his company SaaS-first. It also operates a remote-first work model, providing employee flexibility that he hopes translates into happiness and retention for his workforce. Subramanian understands that his company depends on people who can do all the work that he can’t.