Mercoa provides an embedded B2B payments and BillPay API designed specifically for vertical SaaS platforms. This platform enables software providers to offer integrated Accounts Payable (AP) and Accounts Receivable (AR) functionality to their end-users. By integrating these financial tools, SaaS companies can unlock new revenue streams and increase customer lifetime value through payment monetization.
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 vertical SaaS platforms lack native accounts payable (AP) and bill payment functionalities, forcing their users to rely on disparate systems and manual processes. This creates inefficiencies, increases operational costs, and limits the potential for SaaS providers to generate additional revenue.
Solution
Mercoa provides a B2B accounts payable API that enables vertical SaaS platforms to seamlessly integrate AP automation, customizable payment options, and compliance workflows directly into their existing offerings. The API offers features such as AI-powered invoice processing, vendor management, approval workflows, and accounting synchronization, streamlining the entire AP process for users. By embedding Mercoa's API, SaaS platforms can provide visibility, control, and flexibility to their users' money-out processes, while also unlocking new revenue streams through payment monetization and premium payment options. Mercoa's composable architecture allows platforms to leverage the entire vertically integrated stack or import specific modules to fill gaps in their existing infrastructure.
Target Audience
Mercoa's primary customers are B2B fintechs, neobanks, and vertical SaaS platforms looking to embed accounts payable and bill payment functionality into their products.
Features
- AI-powered OCR for automated invoice data capture, including line item extraction and custom fields
- Hosted onboarding and KYB (Know Your Business) compliance management
- Vendor management tools for capturing and managing vendor details
- Configurable approval workflows to automate invoice approvals
- Flexible payment options, including virtual card disbursements, pay-by-card, and BNPL (Buy Now, Pay Later)
- Accounting sync with industry-standard and vertical-specific accounting systems and ERPs
- Email inbox for each customer to forward invoices directly
- Backend and frontend SDKs for languages like TypeScript, Python, and Java
- React components and hosted iFrame options for UI customization
- Recurring payments