Received

What Received does

Received is a B2B billing and revenue management platform that automates subscription, usage-based, enterprise contract, and partner-channel billing for B2B finance teams. The platform consists of six core modules — Subscription Billing, Enterprise Contract Billing, Partner Management, Usage Billing, Revenue Recognition, and Invoicing Automation — supplemented by Analytics and Contract Management modules. The system is built on a REST API architecture (with Swagger-documented endpoints for Products, Customers, Contracts, Invoices, Usage Reports, and Authentication) and is accessible via a web application and a JavaScript SDK. A defining architectural feature is its "spreadsheet-in-a-system" pricing configuration, which lets finance teams model subscription, usage, hybrid, or bespoke pricing without engineering support, alongside built-in ASC-606 and IFRS-15 revenue recognition for complex contracts involving usage, milestones, and price allocation.

The platform is offered under a tiered SaaS subscription model: Start-Up at $250/month (gated to companies under 20 employees, under $500K ARR, and under $5M raised), Lite at $490/month, Plus at $490+/month (adds usage pricing and tracking), and an enterprise "All" tier available via sales quote. Revenue is generated entirely through recurring monthly subscription fees with no revenue tax, volume commitments, or transaction-based pricing. Distribution follows a hybrid GTM — a product-led self-serve signup flow aimed at smaller B2B customers, paired with a sales-assisted enterprise motion supported by Calendly-based demo booking. The platform integrates natively with Stripe (payments), QuickBooks and Xero (accounting), NetSuite (ERP), Salesforce (CRM), and supports credit card, wire transfer, and crypto (BTC/ETH) payment methods.

Received serves primarily B2B SaaS companies and their finance teams, with secondary use cases in channel-partner and reseller programs. Named customers include Pattern (InsurTech), Heron Data (Financial Services), and Tastewise (Food Tech), with additional logos (Utila, Tres, Kigen, Avalara, Actuate, Pricing I/O) displayed on its homepage. The company is headquartered in New York, operates with 11–50 employees, and was legally incorporated as Received Payments Ltd. under Israeli law. In June 2026, Received was acquired by Stigg, the real-time AI usage control platform, and was integrated into the Stigg 2.0 product.

Name

Received

Legal name

Received Payments Ltd.

Website

https://received.ai

Company type

Private

Founded year

2022

Operating status

Acquired

Headcount range

11–50 employees

Short description

Received is a B2B billing and revenue management SaaS platform that automates subscription, usage-based, enterprise contract, and partner-channel billing for B2B finance teams. It offers tiered pricing, a REST API, and native integrations with Stripe, Salesforce, NetSuite, QuickBooks, and Xero.

Ownership category

akta.pro rank

Product category

Billing and Revenue Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)

akta.pro primary industry

A2A Bill Pay & eInvoicing (Open Banking Enabled) (FSAMAFAL)

akta.pro secondary industry

Marketplace & Platform Seller Payouts (FSAMAKAE)

Keywords

• B2B billing platform
• Revenue management software
• Subscription billing automation
• Usage-based billing
• ASC-606 revenue recognition

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription: Monthly or annual subscription fees for platform access. Tiered pricing model with Start-Up ($250/mo), Lite ($490/mo), and custom enterprise tiers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Received is a B2B Billing and Revenue Management SaaS platform that enables B2B finance teams to automate subscription billing, enterprise contract billing, usage-based billing, partner/reseller billing, and revenue recognition (ASC-606/IFRS-15) within a single system. It provides a flexible "spreadsheet-in-a-system" pricing configuration engine, automated invoicing and reconciliation, and integrates with Stripe, QuickBooks, Xero, NetSuite, and Salesforce. The platform is sold via tiered subscriptions (Start-Up, Lite, Plus, All) and is accessible through a self-serve web app and a documented REST API.

Product overview

Received is a unified B2B Billing and Revenue Management Platform designed for B2B finance teams managing custom contracts and complex pricing models. The platform architecture consists of a core platform with integrated modules: Subscription Billing for self-serve customers, Enterprise Contract Billing for complex multi-year deals, Partner Management for referral and reseller programs, Usage Billing for real-time usage tracking, Revenue Recognition for ASC-606/IFRS-15 compliance, and Invoicing Automation for end-to-end billing. Additional capabilities include Analytics dashboards and Contract Management tools. The platform is accessible via a REST API with Swagger documentation. Pricing is tiered (Start-Up at $250/mo, Lite at $490/mo, Plus, and All) with all tiers including core billing automation, pricing configuration, contract management, and integrations with ERP, CRM, and accounting systems including Stripe, QuickBooks, Xero, NetSuite, and Salesforce.

Differentiator

Problem solved

Functional benefit

Products and services

• Subscription Billing Automated self-serve subscription billing module that can be embedded into a customer's website to manage self-led customers and auto-charge self-serve contracts without engineering support. Designed for B2B SaaS companies with subscription-based revenue.
• Enterprise Contract Billing Automated contract-based billing for complex B2B enterprise contracts. Supports bespoke multi-year deals with various products, pricing models, entities, currencies, and regulations. Targets B2B finance teams managing sales-led customers.
• Partner Management Manages referral and reseller billing, automates partner fees and sales commissions, and monitors partner activity including contract value, churn rate, and referral fees. Designed for B2B companies with referral and reseller networks.
• Usage Billing Real-time usage tracking for B2B products, supporting API, CSV upload, and manual entry. Tracks usage data from customer software with customizable usage formats and validation. Targeted at B2B SaaS companies with usage-based or hybrid pricing models.
• Revenue Recognition Automated revenue recognition supporting ASC-606 and IFRS-15 compliance for complex contracts including usage, milestones, and price allocation. Targets B2B finance teams needing compliant revenue reporting beyond simple subscriptions.
• Received REST API RESTful API enabling developers to programmatically manage products, customers, contracts, invoices, usage reports, and authentication. Supports Bearer token authentication and API key generation. Available via Swagger UI at api.received.ai. Designed for technical and enterprise B2B customers integrating billing into their own systems.

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core.

• StiggcoreGTM or Marketing Partner · 30 June 2026Stigg acquired Received.ai for invoicing and contract management capabilities, integrating Received into Stigg's real-time AI usage control platform.
• StripecoreTechnology or IntegrationIntegrated payment gateway enabling customers to pay invoices by credit card. Auto-charge capabilities for subscription billing with seamless payment reconciliation.
• QuickBookscoreTechnology or IntegrationAccounting software integration for financial data synchronization and reconciliation.
• XerocoreTechnology or IntegrationAccounting software integration for financial data synchronization and reconciliation.
• NetSuitecoreTechnology or IntegrationERP integration for enterprise resource planning and financial management connectivity.
• SalesforcecoreTechnology or IntegrationCRM integration for customer data synchronization and sales pipeline connectivity.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Chargebee: Subscription billing and revenue management platform for B2B SaaS; closest direct competitor to Received across subscription, usage, and revenue recognition, with broader customer scale and enterprise sales motion.
• Stripe Billing: Native billing module within Stripe Payments; competes head-on with Received's subscription and invoicing automation, and bundles billing with the dominant payment rail most B2B SaaS already use.
• Maxio: B2B SaaS billing and revenue recognition platform formed from the merger of SaaSOptics and Fusebill; directly overlaps with Received on RevRec, subscription billing, and complex contract support for SaaS finance teams.
• Recurly: Subscription billing platform focused on SaaS and DTC; competes with Received on subscription and invoicing automation, though with less depth on usage-based and partner billing.
• Paddle: Merchant-of-record billing platform handling subscriptions, invoicing, and global tax; competes with Received's invoicing automation and contract billing for B2B SaaS selling internationally.
• Orb: Usage-based billing platform for modern SaaS and AI products; directly overlaps with Received's Usage Billing module and appeals to similar AI/usage-pricing customers.
• Metronome: Real-time usage metering and billing platform aimed at AI and infrastructure SaaS; competes with Received's real-time Usage API and hybrid pricing support.

Broad incumbents

• Zuora: Publicly listed subscription billing and monetization incumbent; covers a similar ZAR (Zuora Revenue) RevRec suite and competes for larger enterprise B2B contracts with deeper services and global footprint.

Emerging players

• Lago: Open-source billing platform for usage-based and subscription pricing; competes with Received on flexible pricing configuration for usage and hybrid models, with a self-host option that appeals to cost-sensitive startups.

Others

• Stigg: Acquirer of Received.ai in June 2026; provides real-time AI usage control and entitlement management. Listed here as the integrating platform partner rather than as a billing peer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/getreceived
• Xx.com/received_ai

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Received