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

• 🚀 Subscription billing fintech Skio has been acquired by its primary competitor, Recharge.
• 💰 Skio’s founder and former CEO characterized the deal as a "healthy exit" for the company.
• 📈 This acquisition marks a significant consolidation within the e-commerce subscription management industry.