Subscription management platform provider Zuora is partnering with payments infrastructure player Stripe this week.
Through the partnership, Zuora has integrated Stripe into its subscription offerings to enable its 1,000 clients to enhance their payment capabilities. Zuora customers can now access Stripe’s payment tools from the Zuora platform.
“Winning subscription companies want to use the best technologies to build a competitive advantage,” said Zuora Chief Product Officer Chris Battles. “We’re thrilled to work with Stripe in an ecosystem of new world partners that helps to optimize and automate processes throughout our customers’ journey in the Subscription Economy.”
Some of the advanced capabilities include:
- Integrated payment processing capabilities into the Zuora platform, including fraud detection, AI-enhanced payment retries, and payment processing capabilities.
- Increased payments flexibility so subscribers can pay when, where, and how they choose across a range of subscription options.
- A modern ecosystem that can scale to meet clients’ global growth.
Zuora has more than 1,000 clients, including Box, Ford, Penske Media Corporation, Schneider Electric, Siemens, Xplornet, and Zoom. The company’s platform helps firms manage recurring subscription business models and serves as a hub to automate the entire subscription order-to-revenue process across billing and revenue recognition. Zuora was founded in 2007 and is headquartered in California.
Valued at $36 billion, Stripe helps businesses of all sizes with finance and treasury management functions.
“Stripe’s mission is to grow the GDP of the internet, and this partnership with Zuora extends that goal by giving Zuora users access to the full capabilities of Stripe payments,” said Stripe’s Chief Business Officer Billy Alvarado. “With the internet powering a rapidly growing portion of the global economy, it’s never been more important to provide subscription businesses with the economic infrastructure they need.”