Lago, developer of an open-source billing platform, has picked up the funding across two rounds of funding it’s revealing to coincide with its official launch.
The Lago doing business today as a billing platform got its start in a very classical startup way: it had no idea that it would be a billing platform.
There are even a number of providers already pursuing an open-source approach, including FossBilling, ChargeBee, Kill Bill, AppDirect’s jBilling and the imaginatively named “Open Source Billing.” (Why beat around the bush?)
So it’s an it’s still an unsolved problem.” In Lago’s view, offering open source tools is that best solution to meet a variety of needs and ideas.
For some of those users, the open source ethos also lines up with what they are hoping to espouse themselves as businesses.
The average company was using 130 software-as-a-service (SaaS) apps as of 2022, according to Statista — a volume that’s impacting productivity.
Today, Zuercher leads Prismatic, an iPaaS startup designing a solution to help business-to-business (B2B) SaaS companies connect their products to the other products their customers already use.
Zuercher co-founded Prismatic with Beth Harwood and Justin Hipple in 2019, aiming to streamline app integration development to let SaaS companies more easily connect to third-party software.
“SaaS companies are spending huge amounts of time and resources on integrations,” Zuercher said.
“We’re seeing intense demand across our portfolio of B2B software companies for a platform to help augment integration capabilities.
Clients using Deco.cx see, on average, a 5x increase in PageSpeed score and a 30% increase in conversion rates, Crespo said.
Deco.cx signed over 65 clients, including Brazilian retail brands Grupo Reserva, Osklen and Zee.Dog.
It also amassed a community of more than 2,400 web developers and 36 system integration partner agencies.
He also wants to grow the company by bringing on additional engineers so Deco.cx can go into new markets, particularly the United States.
“We want to be the first choice for the next 10 million web developers who don’t want to spend our time connecting pipes.”
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