Bynow provides B2B payment solutions that enable marketplaces, manufacturers, and wholesalers to offer Buy Now Pay Later options at checkout, enhancing cash flow for their customers. This service allows businesses to increase sales and customer retention by providing flexible payment terms while mitigating financial risk through a one-time integration process.
Funding
$130K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Many B2B marketplaces, manufacturers, and wholesalers struggle to offer flexible payment terms to their customers, which can limit sales and hinder customer retention due to cash flow constraints. Traditional payment methods often lack the flexibility needed to accommodate the unique financial needs of B2B transactions.
Solution
Bynow provides a Buy Now Pay Later (BNPL) solution tailored for B2B transactions, enabling businesses to offer flexible payment options at checkout. This allows businesses to increase sales and improve customer retention by providing their customers with enhanced cash flow management. Bynow assumes the financial risk associated with extending credit, ensuring that the seller gets paid on time. The platform offers a one-time integration process, making it easy for businesses to implement the BNPL solution.
Target Audience
Bynow primarily targets B2B marketplaces, manufacturers, and wholesalers looking to offer flexible payment terms to their customers and improve sales.
Features
- BNPL payment options at checkout for B2B transactions.
- Risk mitigation for sellers, ensuring on-time payments.
- One-time integration process for easy implementation.
- Support for marketplaces, manufacturers, and wholesalers.
- Available in Saudi Arabia, United Arab Emirates, and Egypt (soon).