Flexprice
Category: AI Infrastructure
Open-source billing and metering platform purpose-built for AI-native and API-first companies to manage usage-based, credit-based, and hybrid pricing models Flexprice was founded in 2024. The company is led by Manish Choudhary. Based in New Delhi, India. Team size: 1-10. Total funding raised: $2M. Latest round: Seed. Key investors include Shastra VC; TDV Partners; Anupam Mittal (People Group); Brij Bhushan (magicpin); Sandeep Gupta (Innovaccer); Harshit Dwivedi (Aftershoot).
- Founded
- 2024
- Headquarters
- New Delhi, India
- Team size
- 1-10
- Total funding
- $2M
Value proposition
Open-source billing infrastructure that lets AI companies implement usage-based, credit-based, and hybrid pricing in days instead of months, with real-time metering, no vendor lock-in, and the ability to self-host for data sovereignty
Products and solutions
Open-source usage-based billing platform; Real-time usage metering engine; Credit & wallet management; Invoice automation & revenue recognition; Pricing experiment framework; Entitlement & quota gating; Multi-environment pricing (sandbox/prod); On-prem self-hosted deployment option
Unique value
Only open-source billing platform purpose-built for AI-native monetization (token usage, GPU hours, API calls, agent interactions) with SOC 2 Type II compliance, self-hostable architecture, and sub-50ms P99 latency at 40k+ events/second
Target customer
AI-native companies, agentic/AI agent startups, API-first SaaS platforms, LLM/GenAI infrastructure providers
Industries served
AI/ML infrastructure; LLM & GenAI platforms; API-first SaaS; Agentic AI; Cloud/GPU compute providers
Technology advantage
Open-source architecture with self-hosted deployment allowing full data control; real-time metering at <50ms P99 latency processing 40k+ events/second; built on modern stack (PostgreSQL, ClickHouse, Kafka, Temporal); supports any pricing model (usage-based, credit, seat, hybrid, volume tiers); native integrations with Stripe, Razorpay, Adyen, Snowflake, HubSpot, Paddle
How they differentiate
Open-source first (self-hostable, no vendor lock-in) vs proprietary competitors; Purpose-built for AI/agentic billing models (tokens, GPU seconds, API calls) vs legacy SaaS billing tools; Developer-first with SDKs/APIs for real-time metering; SOC 2 Type II compliant; On-prem deployment option for data-sensitive enterprises
Main competitors
Orb (proprietary, usage-based billing); Lago (open-source billing, broader SaaS focus); Metronome (recently acquired by Stripe, proprietary usage-based billing)
Key partnerships
Stripe (payment integration); Razorpay (payment integration); Adyen (payment integration); Snowflake (data integration); HubSpot (CRM integration); Paddle (payment integration)
Notable customers
Krutrim by Ola; Simplismart; Wizcommerce; ThePubLive.com; Verniq.ai; vapi.ai
Major milestones
Jul 2025: Raised $500K pre-seed led by TDV Partners; May 2026: Raised $1.5M seed led by Shastra VC with participation from Anupam Mittal; Processing 20Bn+ events/month with 6x revenue growth in Q1 2026; SOC 2 Type II compliant; Open-source platform with 3,500+ GitHub developers; Expanded to 100+ AI and agentic teams
Growth metrics
20Bn+ events processed/month; 40k+ events/second; 6x revenue growth (last quarter 2026); 3,500+ GitHub developers; 100+ AI/agentic customers
Market positioning
Early-stage open-source disruptor in the $4B AI billing infrastructure market, competing with proprietary incumbents (Orb, Metronome/Stripe, Amberflo) and legacy billing platforms (Chargebee, Recurly) by offering AI-native, open-source, self-hostable billing infrastructure
Geographic focus
Global (HQ India with offices in Bengaluru, Gurgaon, and San Francisco; expanded focus on US and Europe markets)
About Manish Choudhary
Ex-Aftershoot AI (Product Leader); University of Virginia Darden School of Business
Official website: https://flexprice.io