We're building the world's first and largest true marketplace for subscriptions, to harmonize the subscription economy and foster its further growth. We use the latest fintech tools to create powerful user experiences for all stakeholders in the marketplace.
Both NachoNacho founders have had extensive careers in large corporations as well as startups. The subscription economy has infiltrated almost all aspects of our professional (and personal) lives. Its effects are generally extremely positive, both for buyers and sellers of subscription products. However, we gathered our collective experiences and found various issues in the subscription economy.
As buyers of subscriptions, we saw 1) how our companies would waste a lot of money due to the subscription sprawl, 2) how difficult it was just to figure out who had which subscription in the company, and 3) companies weren't always sure what's the best product to subscribe to for a specific need.
On the seller side, we saw massive competition in every category of subscriptions, leading to dramatic increase in user acquisition costs.
And then it came to us - we need to harmonize the subscription economy by creating a central hub for buyers and sellers. It's what companies like Amazon, eBay and Etsy built for physical products, and Upwork built for talent. It's about time we built a marketplace for subscriptions!
What We Do:
FOR SUBSCRIPTION BUYERS
Changing how companies manage and buy SaaS
NachoNacho is a single destination for businesses to manage and buy SaaS products. Users connect their payment source to their NachoNacho account, and create one virtual VISA credit card per subscription. They migrate all their existing subscriptions to NachoNacho by simply changing the credit card being used in each subscription account. They also buy new subscriptions by creating a new virtual credit card per subscription.
NachoNacho helps users consolidate all their subscriptions in one company-wide account. Users can visualize all current and past subscriptions in real-time.
Users never need to use their own bank cards online. By using individual virtual cards for each vendor and setting strict limits on each card, users can make sure their own bank cards stay secure.
Users can purchase new SaaS products from the NachoNacho marketplace and in many cases get signficant cashbacks and rewards.
Users exercise very tight control on each subscription vendor. They can set spending limits (monthly, annual or cumulative) on each card, and also set their own expiry date. They can also easily suspend or cancel the card.
If a vendor’s data is ever compromised, a NachoNacho user can simply cancel the credit card allocated to that vendor. All their other cards remain valid. This obviates the need to receive a new credit card from their bank and change the payment details in multitude of places.
If a user changes their bank account, they can simply connect their new bank account to NachoNacho, without disrupting all existing virtual credit cards.
What We Do:
FOR SUBSCRIPTION SELLERS
A new user acquisition channel for SaaS vendors
As a central hub for businesses to manage and buy new subscriptions, NachoNacho acts as an efficient matchmaker between buyers and sellers. NachoNacho can predict the needs of buyers based on their purchase behaviour, and recommend products most suitable to them.
Listing their product in the NachoNacho marketplace provides incremental exposure to SaaS vendors, without any cost. NachoNacho promotes all products in the marketplace in a non-spammy way to all current and prospective buyers.
SaaS vendors can list their products within half hour, without expensive engineering efforts or changes in their systems or processes. And there is no charge to list or get promoted.
NachoNacho is a cost effective alternative to massive ad spending, or building expensive sales/marketing teams. Network effects in its marketplace allow for significant reduction in user acquisition costs.
'As much as the subscription economy is irreversibly upon us, there are various inefficiencies and dysfunctionalities that need to be addressed to make it a joyful and universally productive force. NachoNacho is creating a movement that addresses those issues while accentuating its positives.'
Our team intends to set trends rather than follow them. This requires first principles thinking - a key element of our ethos.
We believe in empowerment of talent at all levels - giving ownership and responsibilities beyond a team member's current skill level or experience. We believe in lifelong learning, and learning by doing. Mistakes are allowed. And as large corporate refugees, we hate politics - we engender an atmosphere of collegiality and working together towards common objectives.
We also like to stay healthy and physically active, indulging in various sports and adventure activities. And most importantly, we don't take ourselves too seriously - our company name says it all: NachoNacho means 'dance dance' in Hindi.Join our team and help us further shape our company and culture!