Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights. This time, you get to discover 5 hand-picked subscription monetization solutions.
Global Startup Heat Map highlights 5 Top Subscription Monetization Solutions out of 800
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2.093.000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 800 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 795 subscription monetization solutions, get in touch.
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Nami ML monetizes In-app Subscriptions
As the market for mobile apps becomes more competitive, app developers are turning to new business models. For instance, mobile gaming studios offer multiple games with a single subscription. Instead of having users pay for premium apps upfront, developers offer in-app purchases while keeping the apps free for casual users. In addition to increasing retention and developing a loyal user base, subscription monetization also ensures an ongoing revenue stream.
US-based startup Nami ML provides a service to monetize apps with subscriptions. The startup’s software development kit (SDK) integrates within apps, allowing brands to quickly design and raise paywalls. The Naomi Control Center allows app developers to modify all aspects of subscriptions or other in-app purchases. It also tracks revenue and customer insights in real-time to improve the conversion of users into paid subscribers.
Keylight advances Subscription Commerce
Subscription models, traditionally limited to media companies, are making their way to other businesses as well, including eCommerce. These models allow companies to generate recurring sales of products ranging from digital tools to groceries. The recurring revenue streams make it easier for businesses to forecast cash flows and lower operating costs. For the customers, such models offer convenience and discounts while providing the flexibility to opt-out when they want to.
German startup keylight builds subscription commerce solutions for both B2B and B2C businesses. The startup’s automated subscription platform plans and launches scalable subscription models. It then enables easy management and sale of subscriptions for businesses in different industries. It is customizable to a brand’s visual style and integrates with subscription, sales, or resale channels.
Lytt offers Audio Content Monetization
Audio content is booming with consumers increasingly tuning into podcasts and other types of audio content. It offers an alternative to traditional visual marketing approaches with targeted ads embedded in audio content. This is why startups are working on solutions ranging from audio-based social media apps to audio content monetization solutions. For instance, publications turn their articles into podcasts, providing subscribers a new way to engage with their content.
Lytt is a Norwegian startup that helps brands and creators monetize audio content. It achieves this via branded audio apps for iOS and Android, as well as by integrating audio content in websites. It also turns existing content into audio form, republishing them on popular podcast apps. This allows brands to engage new subscribers while improving the loyalty of existing ones.
Comonetize enables Community Monetization
Brands and independent creators generally have loyal communities on one or more social media platforms. For creators, it offers diverse revenue streams such as selling branded merchandise, running ads in their content, and brand deals. For brands, it offers higher user engagement and builds customer loyalty. This is why startups are working on solutions to help brands and creators turn online communities into paying subscribers.
Comonetize is an Israeli startup offering a community monetization solution. The startup’s platform allows businesses to rapidly set up community talent marketplaces. Communities choose their own rates for prospective clients, as well as pick from a wide range of subscription programs. It also offers other features, such as an integrated newsletter system, an event board, and a data management board, that help drive subscriber engagement.
Groundhog facilitates Crypto Subscriptions
As acceptance of cryptocurrencies grows, more and more businesses are accepting payments in Bitcoin, Ethereum, as well as stablecoins. However, setting up recurring crypto payments is a challenge as these currencies are designed for single-use. This is why Fintech startups are working on payment gateways that enable recurring crypto payments.
Canadian startup Groundhog develops tools for the crypto subscription economy. The startup’s payment gateway, Groundhog Pay, enables recurring payments on Ethereum, locking in transactions with stablecoins like DAI and Synthetix to avoid volatility. It allows subscribers to send money to the startup’s wallet from other crypto wallets or bank accounts. With Groundhog’s solutions, businesses set up crypto subscriptions with plugins or a few lines of code.
Discover more startups
Startups such as the examples highlighted in this report focus on subscription creation & management, word-of-mouth marketing strategies, as well as fan engagement. While all of these technologies play a major role in advancing the industry, they only represent the tip of the iceberg. To explore more technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free Innovation Reports to save your time and improve strategic decision-making.
