•1 min read•from TechCrunch
Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says
Our take
Y Combinator alum Skio has achieved a remarkable exit by selling to competitor Recharge for $105 million in cash, despite having only raised $8 million in funding. This acquisition marks a significant milestone in the subscription billing fintech space, showcasing Skio's innovative approach and strong market position. According to its founder and former CEO, this healthy exit underscores the potential for growth and transformation within the industry. As subscription models continue to evolve, Skio's journey offers valuable insights into the future of fintech solutions.
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
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