Provides a payment platform that enables businesses to receive full transaction amounts upfront while offering customers the option to pay in interest-free installments. By integrating with existing management systems through REST APIs, it streamlines cash flow, reduces payment delays, and improves customer satisfaction across industries like automotive, healthcare, and retail.
Funding
$51M 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.
+4Founders
Product
Problem
Many small and medium-sized businesses (SMBs) in sectors with infrequent but essential expenses, such as automotive repair and healthcare, struggle with cash flow due to delayed payments and customer budget constraints. Traditional financing options for these expenses often involve complex bureaucracy and interest charges, creating barriers for both merchants and customers.
Solution
Qomodo provides a payment platform that enables physical retailers to offer Buy Now Pay Later (BNPL) options for essential expenses, allowing customers to pay in interest-free installments. The platform integrates with existing point-of-sale (POS) systems via REST APIs, providing merchants with immediate payment while customers benefit from flexible payment plans. Qomodo's solution includes a smart POS system, remote payment options via pay-by-link, and tap-to-phone technology, all managed through a unified dashboard for monitoring performance and streamlining operations. By focusing on essential expenses, Qomodo aims to increase customer spending power and merchant revenue while reducing the stress associated with payment collection.
Target Audience
Qomodo targets SMBs in sectors such as automotive repair, healthcare, and home maintenance, as well as their customers who require flexible payment options for essential expenses.
Features
- Buy Now Pay Later (BNPL) option for customers, allowing payment in interest-free installments
- Smart POS system accepting traditional credit and debit cards
- Remote payment capabilities via pay-by-link and tap-to-phone technology
- Integration with existing management software through REST APIs
- Unified dashboard for merchants to monitor sales performance and manage transactions
- Rapid customer approval for payment plans, typically within 30 seconds
- Call center support and dedicated account managers for merchants