NEWS
NEWS
1Password chooses Stripe Billing to power subscriptions businesses and millions of consumers , 1Password offers an Extended Access Management solution that secures every signin for every app on every device . The company is on a mission to deliver enhanced security and user productivity . 1Password has expanded its business-to-business customer base and it now accounts for over two-thirds of the company ’ s total revenue .
Stripe , a financial infrastructure platform for businesses , has announced that it will power over a million subscriptions for 1Password . 1Password will use Stripe Billing to manage subscriptions across its consumer and business segments and Stripe Radar , Stripe ’ s fraud prevention solution . 1Password serves as Stripe ’ s enterprise password manager as part of its multilayered approach to security .
Headquartered in Toronto and founded in 2005 , 1Password is a leader in identity security . Trusted by over 150,000
“ We ’ ve evolved our business model to cater to a wide range of customers , from individuals to enterprises , which comes with unique challenges like offering multiple pricing tiers and different billing cycles ,” said Julian Teixeira , 1Password ’ s Chief Revenue Officer . “ Stripe Billing made it easy for us to handle that complexity , so we can focus on what really matters – building great products and growing our business globally .”
Zilch expands securitisation to £ 150mn with investment from major global credit funds with Deutsche Bank
Zilch , the FinTech payments innovator of the world ’ s first adsubsidised payments network ( ASPN ), has announced the successful expansion of its securitisation facility by an additional
£ 50 million , bringing the total to £ 150 million . This latest round includes participation from two of the world ’ s largest credit funds , alongside lead arranger Deutsche Bank .
The total deal will allow Zilch to support £ 10 billion in annual commerce and maintain its rapid growth trajectory . This expansion of the facility and an increase in its maximum size just four months after the initial securitisation announcement reflects the acceleration in Zilch ’ s transaction and lending volumes . Securing the addition of two of the world ’ s top credit funds is also testament to the strength of Zilch ’ s lending portfolio and its solid regulatory foundation .
Philip Belamant , CEO and Co-founder of Zilch , said : “ Bringing two more leading global credit funds into our securitisation structure not only underscores the increasing confidence in our business model but also provides the financial fuel and resources we need to accelerate our growth , serve increasing customer demand and continue the dramatic expansion of our wallet and market share . With our uniquely capital-efficient model meaning that every £ 1 of finance powers over £ 25 of sales , we ’ re in an exceptional position to deliver significant shareholder value and expand our offering , thanks to this new milestone achievement .”
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