About ProTradePay

ProTradePay offers a trade credit solution designed for the construction industry, enabling tradespeople to purchase materials from merchants on credit with universal Visa acceptance. This system aims to streamline transactions and address common credit-related challenges faced by both tradespeople and merchants in the building materials market.

```xml <problem> Tradespeople in the construction industry often face challenges in managing their cash flow due to delayed payments and the need to purchase materials upfront. Existing trade accounts may not provide sufficient credit or flexibility, hindering their ability to take on new projects and grow their businesses. Merchants also face challenges in attracting new customers and securing repeat business from tradespeople. </problem> <solution> ProTradePay offers a trade credit solution that enables tradespeople to purchase materials from various merchants with flexible repayment options. Through a single account, tradespeople can access up to £50,000 in trade credit and use it at numerous merchants, both online and in-store. This system streamlines spending, enhances cash flow, and provides access to exclusive discounts at builders merchants across the UK. ProTradePay also benefits merchants by bringing them new trade customers and spend from its network, consolidating tail spend management for contractors and housing associations, and ensuring instant cash transfer at checkout with zero credit risk. </solution> <features> - Access to up to £50,000 in trade credit with payment options of 30, 60, or 90 days. - Acceptance at hundreds of merchants online and in-store. - Virtual cards for payments to non-network merchants. - Mobile app available on iOS. - Ability for teams to use the trade credit while maintaining oversight of all purchases. - Integration as a payment option on merchant websites with settlement via FasterPayments. - Volume rebates to reward high-volume trade spend. </features> <target_audience> The primary target audience includes tradespeople in the construction industry seeking flexible trade credit solutions and builders merchants looking to attract new customers and increase sales. </target_audience> <revenue_model> ProTradePay charges merchants a flat 2% fee on all payments made through the platform. They also offer tiered pricing plans for tradespeople, including a Startup plan at $99/month, a Growth plan at $199/month, and an Enterprise plan at $399/month. </revenue_model> ```

What does ProTradePay do?

Where is ProTradePay located?

ProTradePay is based in Cambridge, United Kingdom.

Location

Cambridge, United Kingdom

Employees

2 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

ProTradePay

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

protradepay.com 10+

Crunchbase

Cambridge, United Kingdom

Funding

No funding information available.

Team (<5)

No team information available.

Company Description

Problem

Tradespeople in the construction industry often face challenges in managing their cash flow due to delayed payments and the need to purchase materials upfront. Existing trade accounts may not provide sufficient credit or flexibility, hindering their ability to take on new projects and grow their businesses. Merchants also face challenges in attracting new customers and securing repeat business from tradespeople.

Solution

ProTradePay offers a trade credit solution that enables tradespeople to purchase materials from various merchants with flexible repayment options. Through a single account, tradespeople can access up to £50,000 in trade credit and use it at numerous merchants, both online and in-store. This system streamlines spending, enhances cash flow, and provides access to exclusive discounts at builders merchants across the UK. ProTradePay also benefits merchants by bringing them new trade customers and spend from its network, consolidating tail spend management for contractors and housing associations, and ensuring instant cash transfer at checkout with zero credit risk.

Features

Access to up to £50,000 in trade credit with payment options of 30, 60, or 90 days.

Acceptance at hundreds of merchants online and in-store.

Virtual cards for payments to non-network merchants.

Mobile app available on iOS.

Ability for teams to use the trade credit while maintaining oversight of all purchases.

Integration as a payment option on merchant websites with settlement via FasterPayments.

Volume rebates to reward high-volume trade spend.

Target Audience

The primary target audience includes tradespeople in the construction industry seeking flexible trade credit solutions and builders merchants looking to attract new customers and increase sales.

Revenue Model

ProTradePay charges merchants a flat 2% fee on all payments made through the platform. They also offer tiered pricing plans for tradespeople, including a Startup plan at $99/month, a Growth plan at $199/month, and an Enterprise plan at $399/month.