Transigo offers a pay-later service tailored for B2B marketplaces, enabling businesses to defer payments and manage cash flow more effectively. This service addresses the challenge of upfront capital requirements, allowing companies to enhance purchasing flexibility and improve liquidity.
Funding
$70M 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
B2B marketplaces often require businesses to pay upfront for goods and services, which can strain their cash flow and limit their purchasing power. This can hinder growth, especially for small and medium-sized enterprises (SMEs) that may lack access to traditional financing options.
Solution
Transigo provides a buy now, pay later (BNPL) solution specifically designed for B2B transactions within online marketplaces. This service allows businesses to defer payments for purchases, freeing up working capital and increasing purchasing flexibility. By integrating with B2B marketplaces, Transigo enables vendors to offer extended payment terms to their customers without taking on the risk of delayed or non-payment. Transigo handles the credit assessment, invoicing, and collections process, ensuring that vendors receive payment on time while buyers benefit from improved cash flow management. This facilitates increased transaction volumes and fosters stronger relationships between buyers and sellers.
Target Audience
The primary target audience includes B2B marketplaces seeking to increase transaction volumes and improve customer satisfaction, as well as SMEs looking for flexible financing options to manage their cash flow.
Features
- Integration with B2B marketplaces via API to offer BNPL options at checkout
- Automated credit assessment and risk scoring for business buyers
- Flexible payment terms tailored to the specific needs of each transaction
- Automated invoicing and payment reminders
- Secure payment processing and fraud prevention
- Real-time reporting and analytics for both buyers and sellers