Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says

Skio, a subscription billing fintech, was sold to its competitor Recharge for $105M in cash. This is a significant exit for the company, which only raised $8M in funding. The founder and former CEO of Skio considers this a healthy exit. Engineers may not need to take action, but can monitor the market for similar fintech acquisitions.