Kontempo provides a B2B credit management platform, Kontempo360®, designed specifically for the industrial sector. This service enables businesses to offer customized commercial credit programs to their customers, including financing and risk assumption. The platform streamlines credit application processing and payment collection, allowing suppliers to receive funds the same day without administrative burden.
Funding
$32.7M 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.
PVFounders
Product
Problem
Many industrial businesses struggle to offer flexible payment options to their B2B clients, resulting in delayed payments, increased operational costs, and potential financial risks. Traditional credit assessment and collection processes are often manual, time-consuming, and can strain internal resources.
Solution
Kontempo provides a B2B payments and credit platform that enables industrial businesses to offer their clients flexible payment options, including credit lines, through a branded online interface. The platform automates credit assessments, manages collections, and provides payment links that can be shared via WhatsApp or email. Kontempo integrates with existing e-commerce platforms via API or hosted checkout, allowing clients to select payment terms at checkout. By assuming the risk of non-payment and managing the entire payment lifecycle, Kontempo helps businesses improve cash flow, increase sales, and reduce operational burdens.
Target Audience
Kontempo targets industrial businesses that sell to other businesses (B2B) and want to offer flexible payment options, including credit, to their clients.
Features
- Branded online interface for offering flexible payment options, including credit.
- Automated credit assessments with quick response times (under 24 hours).
- Risk mitigation by assuming the risk of non-payment and managing collections.
- Payment links for easy invoicing and payment processing via WhatsApp or email.
- Integration with B2B e-commerce platforms via API or hosted checkout.
- Automated payment reconciliation.
- Option to offer credit to new clients after only a few cash purchases.