NUPAY provides a full-stack API banking platform that enables large enterprises to manage banking, payments, and lending through a single interface, streamlining processes such as invoicing and reconciliation. By integrating with multiple banks and offering embedded finance solutions, NUPAY enhances operational efficiency and accelerates financial transactions, reducing time spent on accounts payable by 50%.
Funding
Funding not disclosed
Founders
Product
Problem
Large enterprises often struggle with fragmented banking processes, requiring them to interact with multiple bank portals and manage various payment systems. This complexity leads to inefficiencies in invoicing, reconciliation, and overall financial management.
Solution
NUPAY offers a full-stack API banking platform that consolidates banking, payments, and lending operations into a single interface for large enterprises. By integrating with multiple banks and payment gateways, NUPAY streamlines processes such as invoice management, receivables, payables, refunds, and reconciliation. The platform's modular architecture and API-first approach enable businesses to automate banking tasks, build fintech solutions, and embed financial services into their existing platforms. NUPAY's solution aims to reduce the time spent on accounts payable and improve collection turnaround time through straight-through processing and advanced AI/ML capabilities.
Target Audience
NUPAY primarily targets large enterprises seeking to streamline their banking, payments, and lending operations across multiple financial institutions.
Features
- Multi-bank connectivity for a unified financial view
- Automated invoice creation, sending, receiving, and reconciliation
- API-based bank payouts via IMPS, NEFT, and RTGS
- Recurring payment automation through physical NACH, eMandates, UPI Autopay, and BBPS
- Embedded finance capabilities to offer digital bank accounts, loans, and deposits
- Customizable workflows and authorization processes
- Advanced AI/ML capabilities for smart reporting and financial insights