Banqup is a cloud‑based SaaS platform that consolidates e‑invoicing, payment processing, and compliance management into a single interface. It uses AI‑driven OCR to auto‑populate invoice data, integrates with ERP, accounting, and banking systems, and provides secure, collaborative tools for freelancers, SMEs, enterprises, and accountants to streamline financial workflows and accelerate cash flow.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often manage invoices, payments, and regulatory compliance using multiple disconnected tools, leading to manual data entry, errors, and delayed cash flow. The fragmented workflow increases administrative overhead and makes it difficult to maintain consistent compliance across jurisdictions.
Solution
Banqup provides a cloud‑based SaaS platform that unifies e‑invoicing, payment processing, and compliance management into a single interface. Users can create, send, and receive invoices, automate purchase‑to‑pay and order‑to‑cash cycles, and connect directly to banking institutions and accounting software. Built‑in AI‑driven OCR extracts data from documents, reducing manual entry, while secure KYC and multi‑factor authentication ensure regulatory adherence. The platform supports high invoice volumes and complex workflows, scaling from freelancers to large enterprises, and offers real‑time collaboration with accountants and partners through shared workspaces.
Target Audience
Primary customers are freelancers, SMEs, and large enterprises that need a scalable solution for invoicing, payments, and compliance, as well as accountants and financial partners who require secure, collaborative access to client financial data.
Features
- Integrated e‑invoicing with support for Peppol, email, and Banqup network connectors
- AI‑based OCR and data extraction to auto‑populate invoice fields and classify incoming documents
- End‑to‑end payment suite including a dedicated IBAN account, bulk and scheduled supplier payments, QR code payment options, and money transfers
- Seamless integration with major ERP, accounting software, and banking systems via API and Banqup Store
- Compliance tools such as company KYC verification, user identity checks, and multi‑factor authentication
- Central document hub with long‑term (10‑year) storage, role‑based access control, and real‑time accountant collaboration
- Detailed transaction and movement reports available in multiple formats (PDF, JSON, CAMT.053, etc.)