The startup offers a revenue management and payment platform that automates receivables processing for small and medium-sized enterprises. By streamlining recurring billing and one-off payment collections, the platform minimizes issues related to debt collection and enhances financial management efficiency.
Funding
$340K 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
Many small and medium-sized enterprises (SMEs) face challenges in managing their accounts receivable, leading to delayed payments, increased debt collection efforts, and inefficient financial management. Spreadsheets and manual processes are often used, which are time-consuming and prone to errors.
Solution
Instapay offers a revenue management and payment automation platform designed to streamline receivables processing for SMEs. The platform automates recurring billing, payment collections, and reconciliation of payments with invoices, reducing the time spent on manual tasks. It provides automated notifications and reminders to clients via email, SMS, and voice, improving payment timeliness and client communication. Instapay integrates with various accounting systems, banking accounts, and payment gateways, offering a centralized dashboard for managing invoices, tracking payment statuses, and generating real-time financial analytics.
Target Audience
Instapay targets small and medium-sized enterprises (SMEs) across various sectors, including traditional businesses, online businesses (e-commerce, SaaS), and educational institutions, that seek to streamline payment collection, automate financial management, and improve cash flow.
Features
- Automated payment reminders via email, SMS, and voice notifications
- Integration with 18 Polish banks for automatic payment status updates
- Integration with accounting systems for automated invoice creation and reconciliation
- Subscription management tools for recurring payments and subscription plans
- Support for multiple payment methods, including credit cards, pay-by-link, and traditional bank transfers
- Real-time analytics dashboard with data visualization and customizable reports
- Customer mobile application for payment management and history tracking
- Open API for custom integrations with CRM and ERP systems