LOS ANGELES--(BUSINESS WIRE)--ScribeUp, one of the fastest-growing subscription management companies, announced today the successful completion of its seed funding round, raising $3 million from Mucker Capital. This capital infusion will enable ScribeUp to accelerate its mission of simplifying subscription management for users by expanding the scope of its services to include features such as price hike defense, bill reminders, and additional personalized ways to save on subscription services.
With the ever-increasing number of subscriptions individuals manage, from streaming services to online tools, subscription fatigue and billing oversights have become commonplace. ScribeUp aims to address these challenges for consumers by providing the first proactive solution to effortlessly optimize and manage subscriptions and guarantee users will never be charged with an unwanted subscription bill ever again.
"As the subscription economy continues to thrive, ScribeUp recognizes the pressing need for a comprehensive subscription management platform," said Jordan Mackler, CEO of ScribeUp. "Our vision is to simplify the lives of users, helping them effortlessly keep track of their subscriptions, avoid overcharges, and make informed decisions about their digital expenditures. We are grateful for the support of our investors, who share our enthusiasm for revolutionizing subscription management."
"As the first investor in Honey (sold to Paypal for $4B), we are always scouring for the next big idea that helps consumers save money, especially in this inflationary environment, and we believe we found it with ScribeUp,” said Will Hsu, Co-founder and Partner at Mucker Capital and member of the ScribeUp board. “We were looking for something with an equally clear consumer value proposition, ease of use, and sustained repeat usage, all of which ScribeUp has. ScribeUp has the potential to save consumers as much money in subscription services as Honey did in e-commerce.”
Founded in late 2020 by Jordan Mackler and Yohei Oka, ScribeUp is the only subscription manager that proactively manages all subscriptions for users. The subscription finder scans the user’s linked financial accounts to identify all subscriptions and recurring payments, providing transparency and insights into monthly subscriptions and empowering the user to take control of their subscription habits. Users can then auto-connect their subscription payments to the ScribeUp Card™, a virtual payment card, which protects against unwanted charges and provides 1-click cancellation of subscriptions. With the ScribeUp Card™, users get an additional layer of security on financial transactions, ensuring you never have to give out financial account information to online services. ScribeUp also provides risk-free trials of subscription services, automatically blocking any unwanted charges when the trial ends. On average, ScribeUp saves users $600 annually from unwanted subscriptions.
For more information, visit www.scribeup.io.
About ScribeUp
ScribeUp is on a mission to empower consumers to freely interact with the services that offer efficiency, health and joy to their modern lives. ScribeUp leverages intelligent payment logic via a virtual card to offer users a new proposition of full power over their subscriptions. Built around how consumers handle subscription services, ScribeUp gives users the ability to interact with these powerful services without fear of unwanted bills. Today, over 10,000 people trust ScribeUp to provide them peace of mind when it comes to managing subscriptions.
