Candidature YC de FlyCode

Summer 2022Active

FlyCode a été sélectionné par Y Combinator dans le cadre du batch Summer 2022 en tant qu'entreprise Fintech. Ci-dessous : ce que fait l'entreprise, qui l'a fondée, et sa candidature à YC, reconstruite question par question dans le vrai formulaire YC.

Batch YC: Summer 2022
Secteur d'activité: Fintech
Taille de l'équipe: 7
Statut: Active
Lancé: 2022

Fondateurs

Tzachi DavidovichFounder
Etai AvrahamiFounder
Jake VacovecFounder

Ce que fait FlyCode

FlyCode helps subscription merchants maximize revenue. We reduce involuntary churn by managing payment failures intelligently. We’re Jake, Etai, and Tzachi and we’re building FlyCode. TL;DR: If you sell SaaS or B2C subscriptions, we’re here to help you recover lost revenue due to failed payments and involuntary churn. ‘Involuntary’ or ‘Passive’ churn is a hidden Revenue Killer 💳 for Subscription Businesses ❌ THE PROBLEM: Recovering Failed Payments is Complex Involuntary churn refers to the loss of subscribers due to payment failures, not due to them actively canceling. While it is both possible and a worthwhile strategy to attempt to win back a customer during the cancellation process - involuntary churn is not intentional and in most cases, your customers aren’t even aware that their payment failed. 💰 Bottom line? Effective payment optimization does reduce involuntary churn and will increase ARR by as much as 5-10% FLYCODE SOLUTION 💡 FlyCode leverages ML and AI to provide Payment Optimization and smart payment retries to maximize subscription revenue and reduce churn. We apply a unique model tailored to each Merchant and their customers to ensure optimal results. ⚡️Automatically recover failed subscription payments and reduce passive churn ⚡️Use ML & AI based payment optimization to find the best time to charge your customers ⚡️ Improve customer experience by coordinating payment retries with customer emails/SMS 🛠️ We support OOTB + Custom Integrations for Merchants and White-Label for Platforms

Candidature YC de FlyCode, reconstruite

Candidature Y Combinator

FlyCode, promotion Summer 2022. Les vraies questions de candidature, répondues à partir de données publiques.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

FlyCode

Describe what your company does in 50 characters or less.

Recover failed subscription payments to increase retention

What is your company going to make? Please describe your product and what it does or will do.

FlyCode is a service that helps subscription merchants recover lost revenue by managing failed payments more intelligently. We use machine learning and AI models tailored to each merchant's customer base to find the best times to retry declined payments. Our product automatically executes optimized retries and coordinates payment attempts with customer communications via email or SMS to reduce involuntary churn and increase subscription lifetime value.

Where do you live now, and where would the company be based after YC?

We live and work in Boston, MA, and the company would remain based here after YC.

Explain your decision regarding location.

We are based in Boston because that's where the three of us live and built the initial product. Boston has a strong tech community and access to subscription-based companies, which helps us test and refine our solution.

21 réponses supplémentaires dans la candidature complète

se trouvent dans la version complète. Créez un compte gratuit pour l'ouvrir dans YC Insights, à côté de tous les autres batches YC.

Voir la candidature complète

Questions fréquemment posées

Est-ce la vraie candidature YC de FlyCode ?

Non. Y Combinator garde les candidatures soumises privées. Ceci est une reconstruction : les vraies questions du formulaire YC, répondues à partir des données publiques de FlyCode (notes de lancement, parcours des fondateurs, description du produit). Cela montre comment une entreprise comme FlyCode se présenterait à YC, pas le texte qu'ils ont soumis.

À quel batch YC FlyCode appartenait-il ?

FlyCode faisait partie du batch Summer 2022 de Y Combinator.

Qui a fondé FlyCode ?

FlyCode a été fondé par Tzachi Davidovich, Etai Avrahami, Jake Vacovec.

Que fait FlyCode ?

Recover failed subscription payments to increase retention and LTV

Comment lire la candidature complète reconstruite ?

Créez un compte Round Funded gratuit. La version complète de la candidature de FlyCode en 26 réponses, et de chaque autre promotion YC, se trouve dans YC Insights.