Qonversion Inc.

Qonversion Inc. provides essential tools for mobile app subscription management and in-app purchases, enabling developers to optimize revenue without extensive coding skills. Founded in 2019 in San Francisco, US, Qonversion Inc. specializes in subscription management for mobile applications.

The company has successfully completed 2 funding deals, with the most recent on December 10, 2021. This Seed round raised USD 2. 000 mn from investors including Visionaries Club and Flashpoint. Qonversion was co-founded by Michael Stysin and Sam Medjlumian, who have a background in the tech industry.

Qonversion offers a comprehensive suite of tools focused on subscription management and in-app purchases for mobile applications across iOS, Android, and web platforms. The core product is its No-Code Builder 2. 0, enabling developers to manage in-app subscriptions without extensive coding expertise. Key functionalities include A/B testing on pricing and paywalls, real-time performance analytics, and integration with various development frameworks such as Swift, Kotlin, and React Native.

The company serves a diverse clientele including app developers and businesses globally, with a focus on high mobile app usage regions like North America, Europe, and parts of Asia. Qonversion operates on a subscription-based pricing model, allowing clients to enhance app monetization strategies. Clients engage through tiered subscription plans that provide varying features, including advanced analytics and user support options. This model facilitates a steady revenue stream for Qonversion, tailored to meet the needs of clients looking to scale their app monetization efforts.

In December 2021, Qonversion Inc. raised USD 2. 000 mn in Seed funding, aimed at strengthening its engineering team and building a commercial team to enhance growth across Europe, the US, and the APAC region. The company plans to expand its offerings and market reach, focusing on new product developments and geographic expansions by leveraging the recent funding to accelerate these initiatives.