PayLync provides a unified payments platform that combines invoicing, accounting synchronization, online and in‑person payment processing, field operations, and partner distribution into a single flexible system. Merchants can send invoices, accept card and ACH payments, automate reminders, and sync transactions in real time with QuickBooks, Xero, Sage and FreshBooks, achieving a 94.8% invoice collection rate across more than 300 merchants handling $10M+ in volume.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often manage payments, invoicing, and accounting across multiple disconnected systems, leading to manual data entry, delayed reconciliations, and missed collections. This fragmentation hampers cash flow visibility and increases operational overhead for merchants and their distribution partners.
Solution
PayLync provides a single, flexible payments platform that unifies invoicing, online and in‑person payment processing, field operations, and accounting synchronization. The platform supports multiple payment processors and integrates directly with QuickBooks, Xero, Sage, and FreshBooks, eliminating the need for manual re‑keying of transaction data. Merchants can generate invoices, send payment links, accept card and ACH payments, and automate reminders—all from one interface. Real‑time accounting sync updates receivables within seconds, giving businesses immediate visibility into cash flow. The solution also enables mobile invoicing and contactless payments on the job site, extending the payment experience to field operations and partner networks.
Target Audience
PayLync targets small to mid‑size merchants and service businesses that require integrated payment processing and accounting, as well as their distribution partners who need a white‑labelable payment solution.
Features
- Multi‑processor support for online, mobile, and in‑person card and ACH transactions
- Integrated invoicing with automated payment reminders and recurring billing
- Real‑time synchronization with QuickBooks Online/Desktop, Xero, Sage, and FreshBooks
- Mobile app for creating invoices, sending payment requests, and accepting contactless payments on the go
- End‑to‑end tracking of each invoice from issuance through settlement
- Consolidated dashboard for merchants and partners to monitor collections, outstanding balances, and transaction volume