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Butter

Can a purpose-built payment recovery and dunning platform become the default failed-payment infrastructure layer for subscription businesses?

HQUnited States
Latest roundSeries A, January 2023
Valuation$78M pre-money (2023)
IndustryInfrastructure / Payments
The story

Butter Payments is a subscription payment recovery platform (branded 'Recover') that helps merchants reduce involuntary churn by retrying failed payments and managing dunning workflows. The company integrates with major payment processors including Braintree to intercept failed transactions in real time and intelligently recover them. Its SOC 2 Type 2, HIPAA, and third-party penetration-testing posture suggests a focus on enterprise and healthcare subscription merchants.

Last 12 months
Product timeline
2023
Raised Series A led by Norwest Venture Partners at a $78M pre-money valuation.· funding
The stack
Payments / PSP
Braintree
Accounting gap: none