Finli is a payment management platform that enables service businesses to collect payments efficiently while streamlining their operations through features like instant invoicing and customer management. By providing secure digital payment solutions, Finli addresses the challenges of timely cash flow and operational inefficiencies faced by small businesses.
Funding
$8.6M 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.
+1Founders
Product
Problem
Small to medium-sized businesses (SMBs) often struggle with inefficient payment collection processes, leading to delayed cash flow and increased operational overhead. Existing solutions may lack integration with financial institutions, resulting in deposit leakage and hindering the ability of FIs to strengthen relationships with their SMB clients.
Solution
Finli provides an integrated receivables and back-office platform designed to help financial institutions attract and deepen relationships with SMB clients while growing core deposits. The platform offers a suite of white-labeled digital tools that SMBs can use to streamline payment collection, manage customer relationships, and automate invoicing. By embedding within the FI's digital banking environment, Finli consolidates SMB deposits, reduces underwriting overhead, and provides real-time insights for risk assessment and sales opportunities. The platform also enables FIs to meet Community Reinvestment Act (CRA) requirements and support underrepresented businesses.
Target Audience
Finli primarily targets financial institutions, including banks, credit unions, MDIs, and CDFIs, seeking to attract and retain SMB clients, grow core deposits, and enhance their digital service offerings.
Features
- Digital invoicing with automated email and SMS reminders
- Online payment collection with 0% ACH fees and optional credit card fee pass-through
- Customer relationship management (CRM) and document storage
- Quote management with quote-to-invoice conversion
- Inventory management integrated with invoicing
- Mobile application for managing key business processes
- White-labeled platform for financial institutions
- Single Sign-On (SSO) and custom integration options
- Real-time business insights for risk assessment and sales opportunities
- SOC 2 Type II certified, PCI DDS compliant, with bank-level encryption and KYC/KYB verification