The startup offers a secure payment tool that enables users to initiate encrypted online payments via email and SMS through universal payment links. This solution eliminates delays and intermediaries by allowing direct credit card transactions to bank accounts without incurring additional fees.
Funding
$2.4M 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
Many businesses, particularly small and medium-sized enterprises (SMEs), face challenges in receiving timely payments due to inefficient invoicing and payment processes. Traditional payment methods often involve delays, manual reconciliation, and high transaction fees, impacting cash flow and operational efficiency.
Solution
Paytweak provides a secure payment solution that enables businesses to collect payments quickly and efficiently through universal payment links. These links can be shared via email, SMS, QR codes, or other messaging platforms, allowing customers to make direct credit card or bank transfer payments. The platform supports customizable email and SMS templates, automated payment reminders, and real-time payment tracking. Paytweak also offers a SoftPOS mobile application that transforms smartphones and tablets into contactless payment terminals, facilitating in-person transactions.
Target Audience
Paytweak targets SMEs, e-commerce businesses, call centers, tourism and hospitality providers, associations, and debt collection agencies seeking to streamline payment processes and improve cash flow.
Features
- <features>
- Secure payment links for online payments via email, SMS, QR code, and WhatsApp
- SoftPOS mobile app for contactless NFC payments with no transaction limits
- PCI-DSS compliance with advanced fraud detection and anti-phishing technology
- Integration with over 500 banks, PSPs, and wallets for global payment orchestration
- Customizable email and SMS templates with dynamic fields
- Automated payment reminders and scheduled payment requests
- Virtual terminal (TPE) functionality
- Batch processing for uploading and managing multiple payment requests
- Buy Now Pay Later (BNPL) options, enabling customers to pay in installments
- API for integration with existing business applications and software
- Real-time payment tracking and reporting
- Role-based user access control and point-of-sale management