LojiPay helps businesses manage delayed payments by providing tools for tracking, communication, and resolution. Their platform streamlines the process of recovering outstanding invoices and optimizing cash flow.
Funding
Funding not disclosed
Founders
Product
Problem
Logistics companies often face challenges in managing payments between shippers and carriers, leading to delays, disputes, and inefficiencies in cash flow. Traditional payment methods lack transparency and security, increasing the risk of non-payment and fraud. This can strain relationships between parties and hinder the smooth operation of the supply chain.
Solution
LojiPay is a supply chain fintech platform designed to streamline and secure financial transactions between shippers and carriers. Acting as a trusted third party, LojiPay's escrow system ensures that funds are securely held until the agreed-upon services are completed, mitigating the risk of non-payment. The platform facilitates digital payment requests and enables secure transactions via credit card, improving cash flow for carriers and providing payment flexibility for shippers. By integrating financial processes with logistics operations, LojiPay fosters trust and transparency, reducing disputes and optimizing the payment cycle.
Target Audience
LojiPay primarily targets shippers and carriers in the logistics industry seeking to streamline payment processes, improve cash flow, and enhance trust in their financial transactions.
Features
- Escrow service to securely hold payments until service completion
- Digital payment requests via WhatsApp, QR code, or SMS
- Credit card payment processing for shippers
- Mobile application for carriers to manage payment requests
- Real-time transaction tracking and reporting
- Secure platform ensuring payment guarantee for carriers