Parto is a digital payment solution that automates the management of client funds and operational expenses for social and care facilities through secure trust accounts and real-time transaction tracking. By digitizing cash processes and enabling flexible payment options, Parto reduces administrative workload by up to 75%, enhancing transparency and efficiency in financial operations.
Funding
$2.8M 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.
Founders
Product
Problem
Social and care facilities often struggle with managing client funds and operational expenses due to inefficient, cash-based processes. This leads to increased administrative burden, lack of transparency, and limited digital participation for clients.
Solution
Parto offers a digital payment solution designed to automate the management of client funds and operational expenses for social and care facilities. The platform provides secure trust accounts and real-time transaction tracking, digitizing cash processes and enabling flexible payment options through VISA cards for both staff and clients. Parto integrates with existing systems to streamline financial operations, reduce administrative workload, and enhance transparency for all stakeholders. The solution facilitates digital inclusion for clients while ensuring compliance with data protection regulations.
Target Audience
Parto primarily targets social and care facilities, including elderly care, disability services, and other social service organizations, seeking to streamline financial processes and enhance digital participation for clients.
Features
- Digital trust accounts for secure management of client funds
- Business accounts for employee and operational expenses
- VISA cards for staff and clients with customizable spending limits and usage settings
- Digital receipt capture via photo or scan
- Real-time transaction tracking and automated reconciliation processes
- Integration with existing accounting and master data systems via CSV and APIs
- Compliant with GDPR, EKD, and KDG data protection standards