The subscription management app will use the capital to scale its user base and accelerate global growth
Feenko, the smart subscription tracking and management app, today announced it has secured $30 million in user acquisition (UA) financing from PvX Partners. The company will use the capital to accelerate user growth and expand its reach across key markets globally.
Founded with a vision to make subscription management simple and accessible for mobile users worldwide, Feenko is addressing a growing consumer challenge as recurring expenses become increasingly common and difficult to track. The company’s platform automatically identifies subscription payments through bank transaction analysis, providing users with a centralized solution to monitor, manage, and cancel unwanted recurring charges. As demand for greater financial visibility grows, Feenko continues to strengthen its international presence and broaden access to its subscription management tools.
“Subscriptions are one of the most overlooked drains on consumer finances today,” Feenko Co-Founder and CEO Oleh Domanskyi said. “The financing from PvX will help us accelerate our mission of giving people real control over their financial lives and bring Feenko into new markets where the need is urgent.”
PvX is a financial services firm and leader in user acquisition financing for consumer applications, providing non-dilutive revolving credit facilities as an alternative to traditional venture capital and debt financing. PvX structures its facilities around the actual economics of user acquisition, with repayments tied to cohort performance and cash generation – giving Feenko the ability to scale marketing spend in line with performance, deploy more capital into profitable growth and do so without giving up equity or taking on liquidity pressure in the process.
