Procuret offers a B2B payment platform that allows suppliers to receive upfront payment for invoices while enabling their customers to pay in flexible installments. This solution optimizes supplier cash flow and provides business clients with convenient payment terms through a branded, integrated portal.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses often face cash flow challenges when customers delay payments or opt for extended payment terms. This can hinder operational efficiency and growth by tying up working capital.
Solution
Procuret provides a B2B payment platform that enables suppliers to offer their customers flexible installment payment options. This allows suppliers to receive full payment upfront for invoices, thereby optimizing their cash flow. Customers can then pay Procuret over time in manageable installments. The platform integrates seamlessly with existing invoicing and e-commerce systems, offering a branded payment portal that maintains the supplier's brand identity throughout the transaction process. This solution aims to improve financial liquidity for suppliers while providing convenient payment terms for their business clients.
Target Audience
Procuret targets suppliers who wish to offer their business customers installment payment options and business customers who need flexible payment terms for their purchases.
Features
- Upfront payment for suppliers upon successful customer installment plan activation.
- Branded customer-facing payment portal for installment plans.
- Integration capabilities with various e-commerce, CRM, and invoicing platforms via APIs and plugins.
- Open-source libraries available for Python, JavaScript, C# .NET, and Swift for custom integrations.
- MIT licensed libraries with no third-party dependencies.
- Secure handling of sensitive data, including driver's license details for KYC compliance.
- Support for both Australian Business Number (ABN) and New Zealand Business Number (NZBN) for business verification.
- Real-time transaction processing and credit eligibility assessment.