
Bango, the London-based company that helps facilitate subscription-based relationships between telecoms and similarly-situated companies, saw its revenue increase 16 percent between 2023 and 2024, the firm said on Monday.
Total revenue reported in 2024 was $53.4 million, up 16 percent. Transactional revenue accounted for $36.2 million, up 11 percent, while revenue attributed to its trademarked Digital Vending Machine technology and one-off revenue jumped 28 percent to $17.2 million.
Bango has its roots in helping merchants accept mobile payments, and the company continues to support that business. But the Digital Vending Machine has captured a bigger part of its focus; the Digital Vending Machine allows companies like Verizon and Optus to offer third party subscriptions to complementary products.
The number of content providers that are integrated into the Digital Vending Machine now stands at 110, according to Bango. Many of the streaming cornerstones like Netflix, Prime Video and Disney Plus are offered through the platform, as are smaller, niche and regional streamers like Peacock, Paramount Plus, Discovery Plus, AMC Plus, Starz, Crunchroll and Britbox. Over time, non-video services have also been integrated into the Digital Vending Machine, including NordPass, Blue Apron and Uber One.
Over the past two years, Bango has touted the many benefits of the Digital Vending Machine, including its ability to increase customer satisfaction and loyalty, and reduce churn for telecoms and other providers. Likewise, the company has authored a number of studies that largely prove streamers and customers of other subscription-based products desire bundles that reduce cost and make it easy for them to manage their various memberships, and they want their broadband and wireless telecom providers to provide those services. (Lucky for Bango, the Digital Vending Machine ticks all those boxes.)
“By the end of 2024, the DVM product had established market leadership through relationships with the world’s leading subscription content providers and telcos,” Paul Larbey, the CEO of Bango, said in a statement. “Underpinned by solid foundations in the payments business, and with growing DVM recurring revenue, Bango is in an excellent position to extend our market leadership during 2025, confirming the DVM as the technology of choice for subscriptions bundling.”
In addition to its revenue report, Bango this week formally announced three new leaders who will help accelerate the company’s focus on subscription integration and management.
Matt Wilson has been named the Chief Financial Officer of Bango, and will be based in Cambridge. He previously served as the CFO for TFG Brands London from 2022 and 2024, and the CFO of fashion retailer AllSaints. From 2012 to 2019, he worked in various private equity-focused roles, to include a four-year stint at Morgan Stanley.
Earlier this month, The Desk reported Luisa Muneratti was promoted to the role of Chief Commercial Officer — an evolution that was formally announced by Bango on Monday. Muneratti previously oversaw Bango’s Latin America and North American business, as well as its business on the Iberian Peninsula. She expands her oversight to Bango’s global business initiatives.
Also on Monday, Bango announced the promotion of Marisa Teh to the role of Chief Product Officer, though she accepted the new position last September. She has served in similar oles for Redstor, Hazy and Tungsten Network over the past four years, and has worked for well-recognizable companies like Texas Instruments, Pepsi and Philips during her career.