Churnkey, a Charleston, SC-based provider of subscription retention automation software, raised $1.5m in funding.
Charlotte, NC-based CreativeCo made the investment.
The company intends to use the funds to hire key executives, expand its market share, and continue its innovation pace.
Led by Nick Fogle, CEO and co-founder, Churnkey provides a platform that gives a wide range of retention products, including personalized cancellation flows, failed payment recovery, precision credit card retries, and host of customer-centric subscription optimizations.
The system introduces a new paradigm, offering in-app tools to manage cancel flows, execute reactivation campaigns, and optimize retention efforts at every stage of the customer journey. From there, the platform helps make sense of all the data—whether it’s uniform or freeform—and tracks the revenue impact of every touchpoint.
FinSMEs
25/04/2024