Pice offers a B2B payment platform that enables real-time settlement and automatic reconciliation for various business transactions, allowing users to make payments directly within their existing systems. By facilitating instant payments to suppliers and extending credit terms up to 45 days, Pice improves cash flow management for small and medium-sized businesses across India.
Funding
$8.2M 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.
Founders
Product
Problem
Small and medium-sized businesses in India often face challenges managing cash flow due to delayed payment cycles and limited access to credit. Traditional payment methods can be inefficient, leading to reconciliation issues and hindering business growth.
Solution
Pice offers a B2B payment platform designed to streamline business transactions and improve cash flow for Indian SMBs. The platform enables real-time settlements and automated reconciliation for payments to suppliers, vendors, and other businesses. Users can make payments directly within their existing systems using various methods, including credit cards, debit cards, net banking, and UPI. Pice also provides the option to extend credit terms, giving businesses up to 45 days to pay their suppliers while ensuring suppliers receive instant payments.
Target Audience
The primary target audience is small and medium-sized businesses (SMBs) in India across various sectors, including pharmacy, supermarkets, textiles, and electronics.
Features
- Instant payment settlements to beneficiary bank accounts
- Option to delay payables with up to 45 days of credit
- Multiple payment methods supported: credit card, debit card, net banking, UPI
- Automated reconciliation of payments
- Rewards program to subsidize payments
- PCI-DSS certified for secure card data storage