Egyptian revenue management platform Subsbase raises $2.4 million

Egypt-based Subsbase, providing recurring revenue management for enterprises, has raised $2.4 million in its seed round funding led by Global Ventures, with participation from other investors.

• The fund will be used to support the SaaS startup's product development and its expansion strategy across the MENA region. It will also be used to improve its regional and global integration capabilities, develop educational content, and build business support for recurring revenue-based businesses.
• Founded in 2020, Subsbase is a cloud-based subscription, recurring revenue, and billing management platform. It supports businesses with recurring revenues with operational, collection, analytics, and billing tools to efficiently manage their subscribers.
• It uses its low/no-code platform to coordinate invoicing, payments, and notifications for businesses to manage subscription lifecycle.
• Hala Ventures, P1 Ventures, Plus Venture Capital (+VC), Plug and Play, Ingressive Capital, Camel Venture, and existing investors, Falak Startups and Arzan Venture Capital participated in the new round.