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Commercial Case / Software / Public Revenue

Refgrow

SaaS companies embed a referral/affiliate program widget in their product; it automatically tracks sales from Stripe and other channels, calculates commissions and pays them out, and comes with a hosted partner portal and a Partner Network directory.

Visit official website ↗

THE BUSINESS IN NUMBERS

See the trend, not just the rank

2,3082026-10 · Ending MRR / USD
Historical trend, missing values left blank01.5K3K2024-09:92024-10:92024-11:92024-12:282025-01:92025-02:92025-03:92025-04:482025-05:672025-06:1622025-07:3052025-08:5722025-09:6162025-10:5182025-11:7482025-12:8762026-01:1,0122026-02:9952026-03:1,3162026-04:1,5592026-05:2,6872026-06:2,9832026-07:2,9242026-08:2,4982026-09:2,3972026-10:2,3082024-092026-10

Historical monthly records; Oct 2026 may be an incomplete month. MRR does not equal profit. Missing values left blank, negative values shown as recorded.

View period data
PeriodEnding MRR / USD
2024-099
2024-109
2024-119
2024-1228
2025-019
2025-029
2025-039
2025-0448
2025-0567
2025-06162
2025-07305
2025-08572
2025-09616
2025-10518
2025-11748
2025-12876
2026-011,012
2026-02995
2026-031,316
2026-041,559
2026-052,687
2026-062,983
2026-072,924
2026-082,498
2026-092,397
2026-102,308
01 / PRODUCT & PEOPLE

Who does it serve and what problem does it solve?

A cheaper alternative to Rewardful, FirstPromoter and Tolt: from $29/month, 0% transaction fee, widget embedded in the product, plus a Partner Network that helps programs find affiliate partners

Target Audience

Founders of SaaS and AI products who collect payments through Stripe, Paddle, Polar, LemonSqueezy and similar, and small teams who want to launch a referral or affiliate program cheaply

02 / BUSINESS MODEL

How does it charge?

subscription

No permanent free plan; 7-day free trial; from $29/month (Starter), with $49, $99 and $199 tiers also listed on the website; since 2026-09-22 the paid tiers are split by the amount of revenue the affiliates bring in, and Enterprise is by quote

The above describes historical pricing. Check official website for current prices.

03 / ACQUISITION

Where do users come from?

On Traffic estimate in 2026-09 the top channel is direct visits (40.1%), followed by organic search (an estimated share of about 44.9%) and organic social (about 9%, mainly X); the non-brand search keywords are "stripe test cards", "stripe test card" and "affiliate link generator", coming from the website's free tools and calculators; email is about 16% of referrals. The founder's X account has about 12,700 followers, and he has launched on Product Hunt 5 times between 2024-12 and 2026-03, one of which took #4 of the day on 2025-04-07. The product comes with an embedded widget carrying the "Powered by Refgrow" mark and a link to its own affiliate program. From 2026-06 it launched importers for Rewardful, FirstPromoter, Tolt and Tapfiliate, attracting competitors' existing users to migrate.

Channel share, initial acquisition, and growth drivers are distinct; correlation does not imply proven causation.

04 / YOUR NEXT QUESTION

What remains to be verified?

The following are research questions, not established market opportunities.

  • What do target users actually pay for? Is there direct user feedback or paid interview evidence?
  • Are these historical prices still active today? What are the conversion, retention, and fulfillment costs?
  • Is the "On Traffic estimate in 2026-09 the top channel is direct visits (40.1%), followed by organic search (an estimated share of about 44.9%) and organic social (about 9%, mainly X); the non-brand search keywords are "stripe test cards", "stripe test card" and "affiliate link generator", coming from the website's free tools and calculators; email is about 16% of referrals. The founder's X account has about 12,700 followers, and he has launched on Product Hunt 5 times between 2024-12 and 2026-03, one of which took #4 of the day on 2025-04-07. The product comes with an embedded widget carrying the "Powered by Refgrow" mark and a link to its own affiliate program. From 2026-06 it launched importers for Rewardful, FirstPromoter, Tolt and Tapfiliate, attracting competitors' existing users to migrate." channel still viable? What resources do indie devs need to test it?
  • Whose needs are competitors failing to meet? Find specific evidence before deciding on your angle.

05 / BUSINESS EVIDENCE

Test stories with numbers

The following signals are used to audit cases, not to automatically validate product success or market opportunities.

2,308Snapshot MRR / USD (non-profit)
2,335Snapshot 30-day revenue / USD
2026-10-24Metric updated