Receive provides a platform that connects to sales systems and bank accounts to analyze receivables, granting small and medium-sized businesses immediate access to their future revenue. This enables businesses to enhance cash flow and fund growth initiatives without incurring fees or interest, using the Receive Business Mastercard® for real-time spending power.
Funding
$3.1M 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.
BVVVFounders
Product
Problem
Small and medium-sized businesses often face cash flow challenges due to delays in receiving payments from sales platforms. Waiting for receivables to clear can hinder their ability to invest in growth opportunities or manage day-to-day expenses. Traditional financing options may involve interest rates, fees, or complex application processes, creating additional burdens for SMBs.
Solution
Receive provides a platform that analyzes a business's sales data and connects to their sales systems and bank accounts to provide immediate access to future revenue. This enables businesses to improve cash flow and fund growth initiatives by providing dynamic spending power based on their sales activity. The Receive Business Mastercard® allows businesses to utilize this spending power in real-time, without incurring interest, fees, or penalties. Businesses can view their spending power, transactions, and sales data through the Receive dashboard.
Target Audience
The primary target audience is small and medium-sized businesses (SMBs) that sell through online platforms and experience cash flow gaps due to delayed receivables.
Features
- Connects to existing sales platforms and bank accounts for automated receivables analysis
- Provides a Receive Business Mastercard® for immediate access to funds
- Offers dynamic spending power based on real-time sales data
- Dashboard for managing spending, viewing transactions, and tracking sales
- No interest, fees, or penalties associated with using the platform
- Application process that can be completed in minutes
- Spending power utilization with no impact on credit score