Slicker Analysis
What is Slicker?
Slicker provides AI-powered payment recovery for subscription businesses that lose revenue to failed recurring charges. Its system uses smart retries, dunning emails, and multi-gateway routing to recover payments across cards, direct debits, PayPal, Apple Pay, and Google Pay. The company reports more than 1 million recovered payment failures and claims a 20% recovery rate uplift.
Location
London, United Kingdom
Employees
1-10
Founded
2023
Revenue
$5M
Company Stage
Seed
Investors
- Y Combinator
- SMOK Ventures
YC Batch
S23
Product Features & Capabilities
- Payment recovery on auto-pilot, state-of-the-art machine learning model, make sense of generic payment errors, lightning fast setup, leverage multiple payment gateways, fully-transparent AI engine, complementary with existing stack, in-depth payment analytics, enterprise-grade security, team of payment experts.
Pricing
- Pricing is based on successfully recovered payments.
- A 1-month free trial is offered to evaluate results before commitment.
Business Model
Charges a fee only for successfully recovered payments, with a free trial offered.
Market Focus
Slicker primarily focuses on the subscription revenue recovery market, utilizing AI technology to help businesses recover failed subscription payments and reduce involuntary churn.
Competitors Overview
Slicker operates in the subscription payment recovery market, where its main competitors include:
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Paddle: Paddle offers a payment recovery solution that utilizes tactical retries and multiple payment options to achieve a recovery rate of over 50%. It focuses on reducing involuntary churn through automated processes, similar to Slicker, but may have a broader focus on payment processing and management.
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Baremetrics: Baremetrics provides a dunning management tool called "Recover," which helps businesses combat failed payments through customizable email campaigns, in-app reminders, and detailed analytics. Its approach emphasizes user engagement to prevent lost revenue, which may differ from Slicker's AI-driven recovery engine.
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Recharge Subscriptions: Recharge automates retries on failed payments and sends automated SMS or email campaigns to at-risk subscribers. It aims to recover lost revenue through smart retries and tailored recovery strategies, which may offer a more personalized approach compared to Slicker's automated system.
Notable differences include Paddle's broader payment processing capabilities, Baremetrics' focus on user engagement and analytics, and Recharge's emphasis on personalized recovery strategies.
Company Pricing
- Pricing is based on successfully recovered payments.
- A 1-month free trial is offered to evaluate results before commitment.
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