PhraseMate – Our OpenAI based app started generating income

After one week of releasing the paid subscription feature in our openAI-based paraphrasing tool “PhraseMate“, we started receiving paid subscriptions.

The free version of “PhraseMate – AI paraphrasing tool” was released in April 2023 that offers unlimited free paraphrasing of text and paragraphs and was downloaded by hundreds of people around the world. Since it cost us API costs, we converted the app to a freemium version. Users can test the app for free 3 times and if they are happy with the quality of conversion, they can go for the subscription version which cost US$3.99/month.

Surprisingly, we received the first subscriber on the very next day.