Application YC di FlyCode

Summer 2022Active

FlyCode ha partecipato a Y Combinator nel batch Summer 2022 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Summer 2022
Settore: Fintech
Dimensione team: 7
Stato: Active
Lanciata: 2022

Founder

Tzachi DavidovichFounder
Etai AvrahamiFounder
Jake VacovecFounder

Cosa fa 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

Application YC di FlyCode, ricostruita

Domanda per Y Combinator

FlyCode, batch Summer 2022. Le vere domande del form, risposte da dati pubblici.

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 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di FlyCode?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di FlyCode (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come FlyCode si presenterebbe a YC, non il testo che hanno inviato.