Paper.id is a digital invoicing and payment platform that enables SMEs to create and send invoices electronically, allowing customers to pay through various methods such as credit cards and QR codes without needing to register. The application automates payment reconciliation and significantly reduces operational costs, enabling businesses to manage invoicing and payments more efficiently.
Funding
$30.5M 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.
SPFounders
Product
Problem
Small and medium-sized enterprises (SMEs) often face challenges in managing their invoicing and payment processes, which can be time-consuming and costly due to manual reconciliation and delayed payments. Traditional invoicing methods also lack the flexibility to offer customers diverse payment options, potentially leading to slower revenue collection.
Solution
Paper.id is a digital invoicing and payment platform designed to streamline financial operations for SMEs by automating invoice creation, distribution, and payment reconciliation. The platform enables businesses to send legally compliant digital invoices to customers via WhatsApp, email, or SMS, and offers customers the flexibility to pay through various methods, including credit cards, virtual accounts, and QR codes. Paper.id automates payment reconciliation by updating invoice statuses in real-time, and offers features such as automatic payment reminders and financial reporting. Additionally, Paper.id provides options for businesses to pay suppliers using credit cards, even if the supplier does not accept credit card payments directly, helping to manage cash flow and extend payment terms.
Target Audience
Paper.id primarily targets small and medium-sized enterprises (SMEs) in Indonesia looking to streamline their invoicing and payment processes, improve cash flow management, and reduce operational costs.
Features
- Digital invoicing with customizable templates and e-Meterai integration for legal compliance
- Support for over 30 payment methods, including credit cards, virtual accounts, QRIS, and e-commerce platforms
- Automatic payment reconciliation, updating invoice statuses from "Unpaid" to "Paid" in real-time
- Automated invoice reminders sent via WhatsApp, email, or SMS
- Supplier payment options using credit cards, even if suppliers do not accept credit cards directly
- Integration with existing ERP systems via API, including OCR for converting hardcopy invoices to digital formats
- Real-time financial reporting and analytics
- Virtual business credit cards with features such as spend controls, budget management, and cashback rewards
- Cross-border payment solutions