Cashlee offers a payment solution that utilizes PSD2-compliant APIs to enable instant bank transfers via QR code, eliminating the need for credit cards, checks, or cash. This service allows businesses to create and send payment links, facilitating secure transactions in under 30 seconds while reducing transaction costs to 0.6% per payment.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional payment methods like credit cards, checks, and cash can be costly and inconvenient for businesses, involving transaction fees, manual processing, and potential security risks. Existing digital payment solutions may not fully integrate with banking infrastructure, leading to delays and inefficiencies.
Solution
Cashlee offers a streamlined payment solution that leverages PSD2-compliant APIs to facilitate instant bank transfers via QR codes and payment links, providing a secure and cost-effective alternative to conventional methods. Businesses can generate and share payment links through various channels, enabling customers to complete transactions in under 30 seconds directly from their bank accounts. The platform automates payment management, including handling split and deferred payments, while providing real-time notifications and a dynamic dashboard for tracking receivables. By eliminating intermediaries and utilizing open banking APIs, Cashlee reduces transaction costs and enhances payment security for both merchants and customers.
Target Audience
Cashlee primarily targets small and medium-sized businesses, including healthcare professionals, seeking to digitize and optimize their payment processes while reducing transaction costs and improving security.
Features
- Instant bank transfers initiated via QR code or payment link
- PSD2-compliant API integration for secure access to banking infrastructure
- Automated management of split and deferred payments
- Real-time payment notifications and reconciliation
- Dynamic dashboard for tracking receivables and payment status
- Payment link generation and sharing via email, SMS, or WhatsApp
- Automatic invoice generation and printing
- Mobile applications for iOS and Android
- Data hosted in France, adhering to GDPR guidelines
- Irrevocable payment processing, eliminating chargebacks