Speedy is a digital banking app that automates invoice processing by extracting key data such as client information, products, and amounts, allowing businesses to create and send invoices in minutes via email or WhatsApp. The platform also facilitates flexible payment options, including wire transfers and credit cards, while minimizing transaction fees for both domestic and international payments.
Funding
Funding not disclosed
Founders
Product
Problem
Many small and medium-sized businesses (SMBs) face challenges with inefficient and time-consuming invoice processing, particularly in extracting data, creating invoices, and managing international payments. Traditional banking solutions often involve bureaucratic processes, high transaction fees, and limited flexibility, hindering cash flow and growth potential.
Solution
Speedy provides a digital banking platform designed to automate invoice processing and streamline payment workflows for SMBs. The platform uses automated data extraction to process invoices, allowing users to create and send customized invoices via email or WhatsApp. Speedy facilitates flexible payment options, including wire transfers, credit cards, and ACH, while aiming to minimize transaction fees for both domestic and international payments. By offering dedicated business accounts, virtual and physical cards, and automated expense reporting, Speedy seeks to provide a faster, simpler, and more flexible alternative to traditional banking solutions.
Target Audience
Speedy primarily targets small and medium-sized businesses (SMBs) that require efficient invoice processing, flexible payment options, and streamlined financial management tools.
Features
- Automated invoice data extraction for efficient processing of client information, products, VAT, amounts, and due dates
- Customizable invoice creation and sending via email or WhatsApp
- Support for multiple payment methods, including wire transfers, credit cards, and ACH
- International payment capabilities with transparent exchange rates
- Dedicated business accounts with virtual and physical cards
- Automated expense tracking and reporting
- Integration with Stellar networks for remittances
- Mobile app available on iOS and Android