Recurly, Inc., the leading platform powering subscription commerce, today announced that it has secured a majority stake from Accel-KKR, a leading technology-based private equity firm. For Recurly, this news arrives on the verge of a solid push towards company growth and expansion.
Founded in 2009, Recurly provides subscription management, payment optimization, and billing and accounting intelligence to drive subscription revenue growth for many businesses.
Today, more than 2,000 businesses use the platform to manage millions of active subscribers. Some of the more notable businesses include Twitch, CBS Interactive, Cinemark, Codeacademy, and Sling TV.
The company reports a 38% year-over-year increase in active subscriptions under management from June 2019 to June 2020…