Market

Company

Maxio

Date

Select Date

    Maxio

    B-

    SCORE: 50

    PEER AVERAGE: 54

    OUTLOOK: Neutral

    LETTER GRADE*

    B-

    SCORE**

    50

    PEER AVERAGE

    54

    OUTLOOK

    Neutral

    Summary

    We upgrade the MGI 360 Rating of Chargify in the Agile Billing market from 48 to 50 and maintain a Neutral outlook. Chargify is one a few SaaS billing management vendors that is profitable and majority owned by management. Software companies find it relatively easy to integrate with Chargify. 24×7 support and a simple pricing model with no transaction fees are points of distinction for the company. Chargify lacks the resources to compete against larger, better funded competitors. However, we consider the company to be more stable than many of its peers due its conservative management and financial stability.

    Ideal Use Case

    Chargify is an option for small companies and start-ups launching subscription-based solutions.

    Company Description

    Chargify is focused on the SMB segment of subscription billing. With a small team comprised of seasoned industry veterans, Chargify provides an easy to use, well-supported solution for recurring billing. The product roadmap largely follows customer requests and like its competitor Recurly, is constrained by relatively limited development resources. Chargify’s business strategy is evolving, and it has yet to articulate a clear vision of which segments it wants to focus on. Small and growing businesses should consider Chargify on the basis of its current capabilities. Users requiring heavy customization or integration resources need to look elsewhere.