Ontime links payroll deposits to bill payments, automatically allocating a portion of each salary credit to settle scheduled invoices on payday. The platform uses open‑banking APIs to integrate with billers, providing a real‑time dashboard of post‑payment disposable income and one‑click refund or cancellation options. This reduces missed payments, late fees, and administrative overhead for both consumers and billers while complying with PSD2 and GDPR.
Funding
Funding not disclosed
Founders
Product
Problem
Consumers with multiple recurring bills often rely on staggered direct debits, which can create cash‑flow gaps, trigger late fees, and damage credit scores when payments miss their due dates. Managing disparate due dates and amounts also makes it difficult to gauge how much disposable income remains after essential obligations.
Solution
Ontime connects payroll processing to bill settlement, automatically allocating a portion of each salary credit to pay scheduled invoices on payday. By executing payments directly from the salary deposit, the platform eliminates the need for manual direct debits and reduces the risk of missed or late payments. A real‑time dashboard shows users the exact amount of post‑payment disposable income, enabling clearer budgeting decisions. The service also supports on‑demand refunds or cancellations through the biller’s interface, ensuring flexibility. Integration is handled via open‑banking APIs and a partner portal, allowing billers to offer Ontime as a payment option without redesigning their existing billing systems. All transactions are encrypted and comply with PSD2 and GDPR standards.
Target Audience
The primary users are salaried individuals who manage multiple household or subscription bills, and billers (utilities, telecom, insurance, etc.) seeking to lower late‑payment risk and improve cash‑flow predictability.
Features
- Payroll‑linked payment engine that triggers automatically when the salary is credited
- Open Banking / API integration with billers for secure, tokenized fund transfers
- Automated scheduling of recurring invoices with amount and due‑date mapping
- Real‑time balance dashboard displaying net disposable income after bill settlement
- One‑click cancellation or refund request routed through the provider’s system
- End‑to‑end encryption and compliance with PSD2, GDPR, and banking security standards
- Partner portal for billers to onboard, configure payment rules, and monitor transaction health
- Elimination of user‑side direct debit setup, reducing administrative overhead