Kashio provides a unified platform for automating accounts receivable and payable processes for businesses. The service facilitates digital payins and payouts, including mass disbursements and instant transfers via local methods like Yape. This automation streamlines recurring collections and payment management, improving financial operational efficiency.
Funding
$500K 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 businesses in Latin America face challenges with inefficient accounts receivable and accounts payable processes, leading to delayed payments, increased delinquency rates, and reduced sales. Traditional methods often lack real-time visibility into payment status and offer limited flexibility in collection methods.
Solution
KashIO is a platform designed to streamline and automate accounts receivable and accounts payable processes for businesses operating in Latin America. The platform provides real-time updates on payment status, enabling businesses to monitor their financial workflows more effectively. KashIO offers flexible collection methods tailored to different lines of business, simplifying payment collection. KashIO also simplifies payment disbursement, allowing businesses to send payments to multiple beneficiaries across various banks. By digitizing these financial processes, KashIO aims to reduce delinquency rates and improve collection efficiency, ultimately driving sales growth for its users.
Target Audience
KashIO primarily targets businesses in Latin America, including those in finance, education, property management, wealth management, marketplaces, and credit cooperatives, seeking to improve their accounts receivable and accounts payable processes.
Features
- Real-time updates on payment collection status
- Flexible collection methods adaptable to different business lines
- Simplified payment disbursement to multiple beneficiaries across different banks
- Online payment status updates
- Digital platform for managing accounts receivable and accounts payable