Fimble provides invoicing and accounts receivable automation using Open Banking technology to help businesses receive payments more efficiently. By eliminating manual follow-ups, Fimble enables SMEs to save an average of 16 hours per month and receive payments 15 days earlier, allowing them to focus on growth and innovation.
Funding
Funding not disclosed
Founders
Product
Problem
Many small and medium-sized enterprises (SMEs) face challenges in managing accounts receivable, leading to delayed payments and increased administrative burden. Manual invoice chasing and payment processing are time-consuming and costly, hindering business growth and innovation.
Solution
Fimble provides an AI-powered invoicing and accounts receivable automation platform that leverages Open Banking technology to streamline payment collection for SMEs. The platform automates invoice reminders and payment requests, enabling businesses to receive payments faster and more efficiently. By eliminating manual follow-ups and offering a frictionless payment experience, Fimble helps businesses save time, reduce payment processing fees, and improve cash flow. The system also integrates with existing accounting software for seamless reconciliation.
Target Audience
Fimble primarily targets small and medium-sized enterprises (SMEs) across various industries that struggle with late payments and inefficient accounts receivable processes.
Features
- Automated invoice chasing with customizable reminder schedules
- Open Banking integration for direct payment initiation and reconciliation
- AI-powered insights to predict payment delays and optimize collection strategies
- Integration with popular accounting software packages
- Real-time payment status tracking and reporting
- Secure payment processing with fraud prevention measures
- Customer payment portal for easy online payments