Company Information
HQ
Minneapolis, MN
Founded
2011
Market
Agile Billing
Solution
ChargeOver
Representative
Customers
Image Relay, Acuity, 1-800Accountant, EMyth, BusySeed
Ideal Customer
Profile
The best use case for ChargeOver is a $500K-$20M B2B company with low-complexity subscription billing needs – typically companies that don’t possess formal IT resources. QuickBooks and Xero customers that require agile billing functionality at an affordable price, as well as companies that have outgrown Stripe capabilities or need a more open approach to payment processing options should consider ChargeOver.
Company Size
ChargeOver is a good fit for companies making $500K – $20M in yearly revenues.
Business Model
Technology Ecosystem(s)
ChargeOver is hosted on AWS with an open API that can be run on any public cloud.
Primary Users
Business
Finance
Operations
Marketing
IT
Sales
Services
Developers
This solution is commonly used by finance and business users.
Investment Level
ChargeOver is available at an attractive price point for small businesses. It can be self-implemented and easily maintained without any IT resource or external consultants.
Agility
ChargeOver can support a rapid rate of change and quick-time and batch processing without substantial internal IT requirements, making it a highly agile solution. It is among the top three in this category.
Complexity
ChargeOver is a good choice for simple, flat recurring billing requirements and low to very modest overall business complexity.
Geographies
North America
Latin America
EU
ME
Africa
Japan
Asia
Australia /NZ
ChargeOver has customers in the US, Canada, and New Zealand – companies in English-speaking countries. With the ability to support multiple currencies and languages within a single account, it is a good fit for businesses with international customers.
Sales Channels
Direct
Online
Indirect
ChargeOver is a good fit for companies with an online sales motion, or an online with assisted sales motion.
Top 3 Verticals
SaaS
Software providers with low-complexity recurring billing needs, particularly those focused on time management, accounting, and/or securities, will find a good fit with ChargeOver.
Marketing
ChargeOver is an optimal fit for digital marketing agencies and creative design firms.
Professional Services
Professional Services organizations, including web development, business coaching, IT outsourcing, and financial services, are a primary focus of this solution.
Analyst Notes
Founded in 2011, Minneapolis-based ChargeOver focuses on the recurring billing requirements for SMB organizations. The company offers a cloud-based solution for subscription billing that emphasizes a balance of functionality and simplicity of use. The company is self-funded and self-sufficient.
Its functional breadth/depth, attractive pricing approach, and customer-centric support create a potentially interesting value proposition. Intense focus on a narrow but large market segment has enabled ChargeOver to deliver a functionally rich solution that can handle a mix of billing cycles (monthly, quarterly, one-time), supports multi-currency and multiple languages within a single account, and offers a basic, built-in customer portal where users can view past and upcoming invoices and payments. It is an API-first solution that can be hosted on any public cloud.
Management is conservative – the company is profitable and growing modestly.
