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Silverflow has partnered with Solidgate to improve subscription payments.
Subscription Economy Set to Surge: Solidgate and Silverflow Join Forces to Boost Revenue
In a groundbreaking collaboration, industry leaders are uniting to tackle the pressing challenges plaguing subscription businesses. From soaring customer acquisition costs to revenue losses stemming from declined recurring payments, this partnership is poised to revolutionize the market.
The subscription economy is projected to skyrocket to over $500 billion by 2025, boasting a remarkable 65% growth rate. In this booming market, achieving high payment approval rates is essential for maximizing revenue potential.
This strategic alliance will empower Solidgate to enhance its payment management systems and performance, setting the stage to handle a staggering $100 billion in annual transactions over the next five years.
Silverflow’s cutting-edge platform is equipping Solidgate with a customized solution featuring rapid implementation and an array of powerful tools, including advanced reconciliation and compliance support. Thanks to Silverflow’s real-time data transparency, Solidgate can now optimize payment costs, refine risk assessment tactics, and bolster authentication protocols—ensuring legitimate transactions get the green light while minimizing unnecessary declines.
These innovative solutions have already translated into remarkable outcomes for Solidgate’s clientele. With a reported 7% boost in conversion rates, the company is successfully turning website visitors into paying customers. Furthermore, acceptance rates have climbed by 8%, leading
to more successful payment transactions. This progress has yielded a phenomenal 20% enhancement in overall financial performance, reinforcing Solidgate’s ambitious growth trajectory.
Anne Willem de Vries, co-founder and CEO of Silverflow, exclaimed, “Solidgate is a dynamic and fast-evolving FinTech company tackling one of the payment industry’s most formidable challenges—subscriptions. By harnessing our platform and data transparency, they’ve redefined their payments infrastructure, driving remarkable gains in acceptance rates and revenue for their merchants. Collaborating with such an innovative firm is thrilling, and we eagerly anticipate supporting their continued success in scaling to $100 billion in annual payments.”
Yurii Candela, chief business development officer at Solidgate, remarked, “Silverflow’s platform has been nothing short of revolutionary for us. Its implementation has exceeded our expectations, yielding tangible results within months. They’ve streamlined our payments process and equipped us
with the tools to enhance customer retention and amplify our bottom line. With Silverflow by our side, we are confident in reaching our ambitious growth targets and consistently delivering value to our clients.”
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