• Billing Startup Zuora Signs Over $1 Billion In Subscription Revenue In Q1

    We’ve written about Zuora, a SaaS startup that offers online services to manage and automate customer subscriptions and payments, and its impressive backing. Today the company has reached a new milestone; Zuora has signed over $1 billion in contracted subscription revenue in the first quarter of its new fiscal year, which ended April 30. Zuora’s cloud-based billings platform aims… Read More

  • Spare Change On Track To Process $30 Million In Micropayments On Social Apps This Year

    While advertising revenues have been disappointingly low for most applications on Facebook and other social networks, another option app developers are increasingly turning towards is micropayments for virtual goods or premium features. Both Facebook and MySpace have admitted that they are working on their own payment systems, and Apple could play a role as well since it already has a… Read More

  • Zuora Brings Subscription Billing To Facebook Apps

    How much would you pay for a Facebook app? For most apps, most people would probably pay nothing. But for some apps, such as member-to-member online tutorial services, charging could become an option. At least Tien Tzuo hopes so. The CEO of Zuora is bringing his billing subscription service to Facebook, which has more than 50,000 apps in search of a business model. Tzuo argues: It is… Read More

  • Zuora Raises Another $15 Million For Integrated Online Billing And Payment Solution

    Zuora, an SaaS startup that offers online services to manage and automate customer subscriptions and payments, has raised $15 million in a second round of funding from Shasta Ventures and Lehman Brothers Venture Partners, Venturebeat reports. The company had previously raised $6.5 million from Salesforce CEO Marc Benioff and Benchmark Capital (who also participated in this round), bringing… Read More

  • Zuora Aims To Be Salesforce for Online Billing; Benioff Agrees

    Zuora, the SaaS startup run by industry veterans from Salesforce and Webex, and backed by the face of SaaS himself, Marc Benioff, is launching its online billing solution today. As Erick explained in March, Zuora aims to alleviate the need for online businesses to develop their own billing systems, especially to handle recurring payments like those associated with subscriptions. Its… Read More

  • Benchmark and Benioff Put $6.5 Million Into Zuora to Create a Salesforce for Online Billing

    When Tien Tzuo was the chief strategy officer at Salesforce.com, he sat in on a pitch to CEO Marc Benioff for an on-demand software tool startup looking for funding. Benioff was lukewarm to the idea. “If there was one thing you would want to outsource, what would it be?” asked one of the pitching executives. Benioff and Tzuo looked at each other and told the supplicants that… Read More