Notyd provides a buy now, pay later (BNPL) solution for B2B e-commerce, allowing businesses to make online purchases with flexible payment terms of 14 to 90 days. This service enhances cash flow for buyers while ensuring guaranteed payment for sellers, eliminating the risks associated with delayed or unpaid invoices.
Funding
Funding not disclosed
Founders
Product
Problem
Many B2B e-commerce platforms lack flexible payment options, creating friction for buyers who need extended payment terms to manage their cash flow. Sellers face risks associated with delayed payments and the administrative burden of managing invoices and credit checks.
Solution
Notyd provides a buy now, pay later (BNPL) solution designed specifically for B2B e-commerce transactions. The platform allows buyers to purchase goods online and defer payment, typically for 14 to 90 days, improving their cash flow. Sellers receive guaranteed payment, often within 7 days, regardless of the buyer's chosen payment timeline, eliminating risks associated with late or unpaid invoices. Notyd handles creditworthiness assessments and manages collections, reducing administrative overhead for sellers.
Target Audience
Notyd targets B2B e-commerce businesses and their buyers, specifically webshops looking to offer flexible payment terms and businesses seeking to improve cash flow and simplify the purchasing process.
Features
- Flexible payment terms for buyers, ranging from 14 to 90 days
- Guaranteed payment to sellers, typically within 7 days of purchase
- Instant credit approval for buyers during the online checkout process
- Risk management for sellers, covering late or non-payment of invoices
- Automated invoice management and collection processes
- Payment links for offline orders, enabling secure payment processing for phone or email orders
- Integration with e-commerce platforms to offer BNPL as a payment option
- Support for iDeal, Bancontact, and bank transfers