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.
Funding
$777.7K 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.
Founders
Product
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.
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.
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.