Chargebee acquires PE-backed collections management platform numberz

Chargebee, which operates a software-as-a-service (SaaS)-based subscription management platform, has announced acquisition of private equity-backed collections management platform numberz.

The financial details of the transaction remained undisclosed in the company’s statement.

Chargebee Inc that operates in India through its subsidiary Chargebee Technologies Pvt Ltd, which became unicorn in April in last year, has also launched Chargebee Receivables with this strategic acquisition. The platform will now help subscription businesses to smartly automate their entire receivables process from purchase to payment, and will also manage subscription products and invoices.

“With the acquisition of numberz, we are focused on solving bottlenecks that often occur due to clunky Accounts Receivable systems that leave collections delayed and bills unpaid. When businesses are growing at a fast rate, it’s critical that…

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