“Can a Shopify-native subscription billing tool become the system of record for recurring commerce revenue?”
Recharge was founded in 2014 to solve recurring payments for Shopify merchants and bootstrapped for years before raising capital in 2020. The platform evolved from a pure subscription billing/payments tool into a broader e-commerce growth platform — adding bundles, rewards, churn-prevention, and AI-powered SMS communication. It remains tightly coupled to the Shopify ecosystem and operates as a payments orchestration layer between merchants and PSPs (Stripe, Braintree, Authorize.Net) rather than as a payment facilitator or licensed financial entity.
Recharge processes payments through Stripe, PayPal Braintree and Authorize.Net.
Recharge was founded by Oisin O'Connor and Mike Flynn and is founded in 2014, headquartered in Santa Monica, California, USA.
Recharge has raised $277M in total (latest round: Series B, 2021; valuation: $2.1B (2021)).
Get a read on where your own stack stands against Recharge and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.