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 $13.2M.

Location

Budapest, Hungary

Founded

2019

Funding

$13.2M

Employees

19 employees

Major Investors

Platina Capital

PastPay

Budapest, HungaryFounded 2019192K+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.

Updated 20 months ago

Funding

$13.2M 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.

Funding rounds are not available yet.

Founders

Founder details are not available yet.

Product

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.

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.

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