tnp.ai provides an IoT-powered B2B payment solution that automates payouts when shipment conditions, such as geolocation and physical parameters, are met. By replacing traditional letters of credit, the platform offers faster, more transparent, and cost-effective transactions for international trade. The service includes real-time tracking and physical parameter monitoring, with pricing tiers starting at a 1.4% rate for single shipments.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional B2B trade payments rely on costly and slow letters of credit, which require extensive credit checks and take weeks to process. This creates significant friction and financial strain for exporters and importers, particularly for mid-to-high-volume transactions.
Solution
tnp.ai offers the world’s first IoT-powered B2B payment solution that triggers a payout automatically once a shipment arrives at its destination. The platform secures payment in an escrow account while the shipment is tracked in real time using IoT trackers that measure geolocation and physical parameters like temperature, atmospheric pressure, and shock. Once the predefined conditions are met, the exporter receives a swift payout, eliminating the need for traditional guarantees. This approach reduces transaction times to 1-2 working days, cuts costs by 50-72%, and provides full supply chain transparency.
Target Audience
Primary customers are B2B exporters and importers, particularly mid-to-large enterprises handling single or high-volume international shipments who need faster, more cost-effective payment solutions.
Features
- IoT-tracker equipped shipments with real-time geolocation and physical parameter monitoring (temperature, pressure, shock)
- Automated payment triggers based on predefined shipment conditions, secured via escrow
- Trade hub for managing all transaction stages in one place
- KYC/AML checks only, replacing the full credit process of letters of credit
- Pricing tiers: Flex (1.4% rate, no monthly fee), Trade (0.8% rate, 2,000 EUR monthly fee), and Enterprise (0.5% rate for high volumes)