Hiatus connects to users’ bank accounts to identify recurring subscription charges, notifies users before auto-payments, and provides easy cancellation flows via phone, email, or online. To differentiate from competitors, it launched a bill-negotiation tool that acts on users’ behalf to secure lower prices for the same plans. In a six-week beta the negotiation tool succeeded for 93% of users, who saved an average of $137 per year; Hiatus charges half of first-year savings (paid upfront or monthly) and charges nothing if no savings are achieved. Over two years the company has analyzed $2.5B in user transactions and is managing $50M worth of yearly subscriptions. Planned product enhancements include the ability to pay for subscriptions and bills through the app and additional financial tools to help users make responsible decisions. Hiatus is also preparing an Android launch and hiring more engineering talent.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2017