Axate is the flexible payment tool that aims to fix a broken media market. Users sign up once, upload some money and pay to read per article or per day across any participating site, when and as they like. Launched by news industry experts, it's live on 15 sites already with over 31,000 users.
Reading news shouldn't be so hard. We've all experienced it: you want to read an article, but you have to subscribe or miss out.
Axate aims to solve that problem with a pay-per-article and day-pass payment system for online newspapers and magazines. Users sign up and can then read across a wide network of participating sites, spending their money where they choose.
We're live on 15 sites with over 31k registered users, with our network of publications expected to more-than double in the next few years. We've raised £2m+ in seed funding already and have been covered by industry leaders like Digiday, Reuters Institute of Journalism, Columbia Journalism Review and the World Economic Forum. We're now raising to be ready to launch with a large scale subscription publisher, add more features to our system and increase our presence in the USA and India.
Launched by former NewsCorp execs Dominic Young and Victoria Silberbauer, Axate has extensive industry contacts and has a plan to build a global network of paying customers and publishers. This plan will mean that as the network grows, more users can move between more sites, spending small amounts as they go, the whole market benefits.
The digital newspaper and magazine market is forecast to generate over $42bn of global revenue by 2025; Axate has applications throughout this market and in adjacent media sectors such as video and music.