About Splitgrid AB

Splitgrid automates the distribution of cash funds between retailers and suppliers by integrating with point-of-sale systems to calculate and allocate payments based on sales data. This approach minimizes capital tied up in inventory for retailers and reduces payment risks for suppliers, enhancing liquidity and operational efficiency.

```xml <problem> Retailers often face challenges in managing cash flow due to capital tied up in inventory, while suppliers bear the risk of delayed or non-payments. Traditional payment models can strain the financial relationship between retailers and suppliers, hindering growth and operational efficiency for both parties. </problem> <solution> Splitgrid is a platform designed to automate the distribution of funds between retailers, suppliers, and even landlords by integrating with point-of-sale (POS) systems. The platform calculates and allocates payments based on real-time sales data, ensuring that each party receives the correct amount at the right time. By offering commission-based agreements and smart invoices with flexible payment terms, Splitgrid minimizes the capital retailers need to invest in inventory and reduces the risk of non-payment for suppliers. This approach enhances liquidity, fosters stronger business relationships, and creates opportunities for increased sales volume and growth for all stakeholders. </solution> <features> - Integration with retailer's POS systems to track sales data in real-time. - Automated calculation and distribution of payments to suppliers and landlords based on pre-defined agreements. - Support for commission-based agreements, smart invoices, and revenue-based leases. - Automated reporting sent weekly to minimize administrative work and enable automatic restocking. - Optional bookkeeping assistance. </features> <target_audience> Splitgrid primarily targets retailers looking to expand their product offerings without tying up capital, suppliers seeking to secure payments and increase sales volume, and landlords interested in implementing revenue-based lease agreements. </target_audience> ```

What does Splitgrid AB do?

When was Splitgrid AB founded?

Splitgrid AB was founded in 2016.

How much funding has Splitgrid AB raised?

Splitgrid AB has raised 777700.

Founded

2016

Funding

777700

Find Investable Startups and Competitors

Search thousands of startups using natural language

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

Start Searching

Splitgrid AB

⚠️ 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

splitgrid.com 100+

Crunchbase

Founded 2016

Funding

Estimated Funding

$500K+

Team

No team information available.

Company Description

Problem

Retailers often face challenges in managing cash flow due to capital tied up in inventory, while suppliers bear the risk of delayed or non-payments. Traditional payment models can strain the financial relationship between retailers and suppliers, hindering growth and operational efficiency for both parties.

Solution

Splitgrid is a platform designed to automate the distribution of funds between retailers, suppliers, and even landlords by integrating with point-of-sale (POS) systems. The platform calculates and allocates payments based on real-time sales data, ensuring that each party receives the correct amount at the right time. By offering commission-based agreements and smart invoices with flexible payment terms, Splitgrid minimizes the capital retailers need to invest in inventory and reduces the risk of non-payment for suppliers. This approach enhances liquidity, fosters stronger business relationships, and creates opportunities for increased sales volume and growth for all stakeholders.

Features

Integration with retailer's POS systems to track sales data in real-time.

Automated calculation and distribution of payments to suppliers and landlords based on pre-defined agreements.

Support for commission-based agreements, smart invoices, and revenue-based leases.

Automated reporting sent weekly to minimize administrative work and enable automatic restocking.

Optional bookkeeping assistance.

Target Audience

Splitgrid primarily targets retailers looking to expand their product offerings without tying up capital, suppliers seeking to secure payments and increase sales volume, and landlords interested in implementing revenue-based lease agreements.