About PastPay

PastPay offers a Buy Now Pay Later (BNPL) solution for B2B transactions, allowing merchants to receive payments instantly while providing their customers with flexible payment terms of 15 to 90 days. This approach enhances cash flow for businesses and enables buyers to manage their liquidity, ultimately increasing average order values and sales volume.

```xml <problem> Many B2B merchants face challenges with cash flow due to delayed customer payments, while buyers often need more flexible payment terms to manage their liquidity effectively. Traditional payment methods can strain the financial resources of both parties, hindering growth and potentially leading to lost sales opportunities. </problem> <solution> PastPay offers a Buy Now, Pay Later (BNPL) solution tailored for B2B transactions, enabling merchants to receive immediate payments while extending payment terms of 15 to 90 days to their customers. This system enhances cash flow for merchants, reduces the risk of non-payment, and allows buyers to better manage their finances. PastPay integrates into existing sales processes, providing a seamless payment experience for both online and offline transactions. The platform handles risk management and buyer qualification, allowing merchants to focus on growth and expansion, including international commerce with multi-currency support. </solution> <features> - Instant payment to merchants upon transaction, regardless of customer payment terms - Flexible payment terms ranging from 15 to 90 days for B2B buyers - Automated invoice financing and management - Risk assessment and buyer qualification at checkout - Integration with online webshops and direct sales channels (phone, email, in-person) - Support for multi-currency transactions, facilitating international commerce - Centralized portal for managing payments across multiple channels </features> <target_audience> PastPay primarily targets B2B merchants seeking to improve cash flow and increase sales, as well as B2B buyers who require flexible payment terms to manage their liquidity and purchasing power. </target_audience> ```

What does PastPay do?

Where is PastPay located?

PastPay is based in Budapest, Hungary.

When was PastPay founded?

PastPay was founded in 2019.

How much funding has PastPay raised?

PastPay has raised 13200000.

Location

Budapest, Hungary

Founded

2019

Funding

13200000

Employees

19 employees

Major Investors

Platina Capital

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PastPay

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Executive Summary

pastpay.com 2K+

Crunchbase

Founded 2019 – Budapest, Hungary

Funding

Estimated Funding

$10M+

Major Investors

Platina Capital

Team (15+)

No team information available.

Company Description

Problem

Many B2B merchants face challenges with cash flow due to delayed customer payments, while buyers often need more flexible payment terms to manage their liquidity effectively. Traditional payment methods can strain the financial resources of both parties, hindering growth and potentially leading to lost sales opportunities.

Solution

PastPay offers a Buy Now, Pay Later (BNPL) solution tailored for B2B transactions, enabling merchants to receive immediate payments while extending payment terms of 15 to 90 days to their customers. This system enhances cash flow for merchants, reduces the risk of non-payment, and allows buyers to better manage their finances. PastPay integrates into existing sales processes, providing a seamless payment experience for both online and offline transactions. The platform handles risk management and buyer qualification, allowing merchants to focus on growth and expansion, including international commerce with multi-currency support.

Features

Instant payment to merchants upon transaction, regardless of customer payment terms

Flexible payment terms ranging from 15 to 90 days for B2B buyers

Automated invoice financing and management

Risk assessment and buyer qualification at checkout

Integration with online webshops and direct sales channels (phone, email, in-person)

Support for multi-currency transactions, facilitating international commerce

Centralized portal for managing payments across multiple channels

Target Audience

PastPay primarily targets B2B merchants seeking to improve cash flow and increase sales, as well as B2B buyers who require flexible payment terms to manage their liquidity and purchasing power.