Palomma provides a payment platform that enables merchants to accept direct bank transfers from customers, significantly reducing card processing fees. The service also automates recurring payments and instant fund disbursements, enhancing operational efficiency for businesses.
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
Businesses face challenges with high transaction fees and inefficiencies associated with traditional payment methods like credit cards. Recurring payments and payouts often involve manual processes, leading to operational overhead and potential delays.
Solution
Palomma provides a payment infrastructure that enables businesses to accept direct bank transfers from customers, reducing transaction costs. The platform automates recurring payments through direct debit from bank accounts, streamlining the collection process. Palomma also facilitates instant fund disbursements to vendors, employees, or customers, operating 24/7 via API.
Target Audience
Palomma targets businesses of all sizes that require efficient and cost-effective solutions for payment collection and disbursement, including e-commerce platforms, subscription services, and enterprises managing payroll or vendor payments.
Features
- Direct bank transfer acceptance for reduced transaction fees
- Automated recurring payments via direct debit
- Instant payouts to bank accounts and digital wallets
- API for integrating payment functionalities into existing systems
- Support for multiple payment gateways through a single integration
- Real-time payment tracking and reporting