Case Study

Multi-Brand Portfolio / Direct Response

The operator brought the offers. Phoenix handled the payments and checkout. Nine brands, $18.5M in a year.

They never hired a payments team or a developer.

$18.5M

Processed

Since their first transaction in May 2025.

9

Brands launched

In a year, all on one Phoenix account.

59%

Subscription revenue

Which holds the portfolio when an offer cools.

Industry
D2C / Publishing
Timeline
May 2025 to today
Key Use Cases
Payments · Subscriptions · Checkout · Multi-Store · White-Glove
The Challenge
The bottleneck was never the offers. It was payments.

Underwriting, checkout, billing, split-testing. Every offer needs all of it, and normally it needs the staff to match.

The Outcome
Nine brands in a year, and it kept compounding.

Phoenix's team ran every launch. $18.5M processed, and when one offer cooled the rest carried it.

The Full Story

How one operator launched nine brands in a year.

They came to Phoenix in May 2025 with nothing processing. Thirteen months and nine brands later, $18.5M had run through the platform, and their biggest brand did not exist for most of that stretch.

The Challenge
The Solution
The Outcome
Every new offer is a payments project.

Get it underwritten, build the checkout, wire the billing, then split-test until it converts.

Do that for every brand and you either slow down or staff up.

The size of your payments team becomes the ceiling on how many offers you can test.

Phoenix's team runs the launch.

A new brand launches on the infrastructure that is already there, so nothing gets built from scratch.

Phoenix's processor relationships get each brand underwritten fast, and its checkout builder handles the split-testing and conversion tuning.

Their April brand took its first order the same day it went live.

$721K
Flagship Q1
$4.71M
Flagship Q2
Same day
First order, April brand
The portfolio held even when offers cooled.

Nine brands in a year, $18.5M processed. When the lead offers cooled in Q1, the recurring revenue from the rest carried the portfolio until the next brand hit.

The January brand did $721K in its first quarter and $4.7M in its second, and June 2026 was their best month yet.

Subscriptions$10.7M
Direct sales$7.2M
Upsells$350K

First 13 months on Phoenix · nine brands · one account

There will be a tenth brand. The payments side is already solved.

Merchant Testimonial

We find offers and we launch them. What we don't want is to become a payments company. Phoenix's team takes every new brand from underwriting to a checkout that converts, so we've put up nine of them in a year without hiring a developer or a payments person of our own.

Founder · Multi-brand D2C publisher

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