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Polar – European, open source fintech-team of 3 raises $10M seed led by Accel

twitter.com
12 points·by birk·ปีที่แล้ว·2 comments

Mitchell Hashimoto joins Polar.sh as an advisor

mitchellh.com
39 points·by birk·2 ปีที่แล้ว·8 comments

comments

birk
·2 ปีที่แล้ว·discuss
So proud to have SerenityOS & Ladybird onboard Polar. You're such an inspiration and the community is incredible with talented & kind developers uniting to build something many deem impossible to begin with. Thanks for showing that those are the ambitions we should pursue.
birk
·2 ปีที่แล้ว·discuss
Thank you! Yes, we've shipped most of the features mentioned as aspirations in that original post now. We'll soon share an updated one on the big goals for 2024 :)

Agree. I love our issue funding feature (now with contributor rewards too), but it was always part of a larger suite of funding tools we wanted to offer & now can. Getting recurring funding/income (subscriptions) is definitely crucial.

Yes, completely agree re: merchant of record. I've chatted with hundreds of open source maintainers and this has been a big pain point & concern for many. So we wanted to address it. As a platform, we can work with tax professionals & lawyers to help solve this once vs. N times for each maintainer standalone (an impossible burden).
birk
·2 ปีที่แล้ว·discuss
Thank you! Important callout: We designed issue funding for maintainers & contributors vs. bounty hunters. We don't believe in traditional bounties. More on this here: https://polar.sh/polarsource/posts/introducing-rewards
birk
·2 ปีที่แล้ว·discuss
We're building on Stripe Connect with the following countries supported for payouts today: https://docs.polar.sh/faq/maintainers/#which-countries-are-s...

Will expand as we can with Stripe. Long-term, in order to expand truly world-wide, I think we'll need to integrate support for other payment providers too. Definitely something we want. Just a question of short-term capabilities & main priority being to reach a v1 that truly makes a dent in open source funding. Expanding markets, platforms and more once we have.
birk
·2 ปีที่แล้ว·discuss
Yes, supporting more platforms is definitely something I see as part of our mission and long-term development. Started with GitHub since it's where most open source initiatives are hosted + analysis on large registries, e.g npm, pypi, confirmed that almost all of them where.

We're big fans of other platforms and looking forward to expand our support. But main focus now is helping open source developers on GitHub get meaningfully more funding & helping more than a few work on it full-time to even start small businesses. Once we've achieved that & proved our product can make a big difference, it's time to expand.
birk
·2 ปีที่แล้ว·discuss
Just to help highlight some big updates since:

- Posts & newsletter support to build direct relationship with your community

- Subscriptions to offer sustainable & recurring funding

- Built-in subscription benefits: Premium posts, Discord invites, Automate sponsor logos in README/site/docs, access to private GitHub repo(s)

- Rewards: Split issue funding with contributors

- Merchant of record & handling VAT for the above

- Public API

We've also lowered our pricing to 5%.
birk
·2 ปีที่แล้ว·discuss
Thank you! :)
birk
·2 ปีที่แล้ว·discuss
Hey HN,

Birk from Polar here. We're building a platform for open source developers offering better funding & community tools. We're building it open source too: https://github.com/polarsource/polar

Here to answer any questions you might have. You can read more about this on our own Polar page for Polar: https://polar.sh/polarsource/posts/github-supports-polar-in-...