KPay provides payment collection solutions for SMEs through a range of technologies, including smart POS terminals, QR code payments, and a Fast Payment Account for efficient expense management. The platform addresses cash flow challenges by offering diverse settlement cycles and automated reporting, enabling merchants to streamline their financial operations and enhance transaction efficiency.
Funding
$65M 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
Small and medium-sized enterprises (SMEs) often face challenges in managing cash flow due to fragmented payment systems, varying settlement cycles, and inefficient expense management processes. Reconciling transactions, handling diverse payment methods, and managing payouts across different channels can be time-consuming and prone to errors.
Solution
KPay offers a comprehensive payment and financial management platform designed to streamline operations for SMEs. The platform provides a range of payment collection methods, including smart POS terminals, QR code payments, payment links, and online payment gateways, integrated with a Fast Payment Account for efficient expense management. KPay addresses cash flow challenges by offering diverse settlement cycles (T+0, T+1, and T+2), automated reporting, and seamless integration with over 70 POS and membership systems. The platform enables merchants to consolidate financial operations, automate reconciliation, and manage expenses, including payroll, supplier bills, and remittances, all within a single interface.
Target Audience
KPay primarily targets small and medium-sized enterprises (SMEs) across various sectors, including F&B, retail, and service industries, seeking to streamline payment collection, expense management, and overall financial operations.
Features
- Smart POS terminals that integrate with existing POS and membership systems
- QR code payment processing for flexible and low-cost transactions
- Payment links for collecting payments remotely
- Online payment gateway for e-commerce businesses
- Fast Payment Account for managing payouts, including T+1 settlement and support for multiple currencies
- Diverse settlement cycles (T+0, T+1, and T+2) to optimize cash flow
- Automated reconciliation and reporting tools accessible via the KPay app or merchant management platform
- Integration with over 70 POS and membership systems for seamless data synchronization
- Support for 19 major payment methods
- PCI DSS Level 1 and ISO 27001 compliance for data security