Tabit provides integrated software solutions for accounting, wealth management, and transaction processing. Their platform streamlines financial operations for businesses by offering tools for direct purchasing and comprehensive financial management.
Funding
Funding not disclosed
Founders
Product
Problem
Many small to medium-sized businesses (SMBs) face challenges in managing their cash flow due to the need to pay suppliers upfront, while their larger counterparts often receive more flexible credit terms. Traditional B2B credit offerings are often outdated and lack user-friendly experiences, creating financial strain and limiting growth opportunities for SMBs.
Solution
Tabit provides a B2B "buy now, pay later" (BNPL) solution that allows SMBs to access flexible payment options, mirroring the consumer buying experience. This enables businesses to improve cash flow by extending payment terms up to 52 weeks, increasing purchasing power without large upfront payments. Suppliers benefit by receiving payment upfront while offering their customers flexible payment terms, leading to increased sales, higher average order values, and reduced risk of late payments or defaults. Tabit integrates with e-commerce platforms and offers solutions for online checkout and invoice payments, streamlining the payment process for both buyers and sellers.
Target Audience
Tabit targets SMBs seeking flexible payment options for purchasing inventory and supplies, as well as suppliers and wholesalers aiming to increase sales and improve cash flow by offering BNPL options to their customers.
Features
- Instant pre-qualification for buyers with a soft credit check that doesn't impact their credit score.
- Flexible payment terms ranging from 4 weeks to 52 weeks, with weekly repayment options.
- Online checkout integration to offer BNPL options directly on e-commerce platforms.
- Invoice payment solutions allowing buyers to upload invoices or create payment links.
- Seller dashboard for managing transactions, tracking payments, and gaining sales insights.
- API-powered integrations for e-commerce platforms and open API for in-house commerce platforms.
- Credit limits up to $800,000 available with additional documentation.
- Next-day payment settlement for sellers.