Tuesday, December 12, 2023

The startup - Maple makes billing operations seamless.

The founder(s) - Ruchi, Aswinkumar, and Aravindkumar.

The nugget - Looking for introductions to potential customers.

The startup

Maple is a one-stop shop for billing and revenue management.

Industry: Billing and revenue management
Headquarters: Toronto, Ontario
Year founded: 2023
Employee Count: 3
Funding stage: Bootstrapped
Business Model: B2B SaaS
Early Traction: Double-digit paying customers including Ignition, Bluebird, and Hifive. See more customers (and testimonials) on their website.
Competitors:

• Chargebee backed by Tiger Global, Sequoia, Insight Partners, Sapphire, Steadview Capital, and more ($450M+).

• Pandadoc backed by OMERS Growth Equity, G Squared, Altos Ventures, Rembrandt Venture Partners, One Peak Partners, M12, and more ($69.8M raised)

• Baremetrics acquired by Xenon Partners for $4M

The founder(s)

Ruchi Varshney (Co-Founder). LinkedIn. Email.

Aswinkumar Rajendiran (Co-Founder). LinkedIn.

Aravindkumar Rajendiran (Co-Founder). LinkedIn.

The problem they see: Companies are inefficient at tracking business metrics (like MRR). This is because each stakeholder uses a different software to track billing and revenue management.

How they solve it: Maple provides an all-in-one billing and revenue management platform.

The nugget

How you can help? Help Maple get more paying customers. Forward this email to founders, CROs, and CFOs who are looking to improve their revenue management.

Happy panning, 
David Riley
Chief Batea, Klondike

Know a founder who wants to our next feature? Introduce them to me over email at [email protected]