Trilo provides a fee-free payment platform that enables businesses to receive instant payments directly to their bank accounts through invoices, links, or QR codes. The integrated CRM system offers insights into customer purchasing behavior, helping businesses enhance customer relationships and optimize inventory management.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses face high transaction fees, sometimes exceeding 4%, and delayed fund access, often up to 7 days, when accepting card payments. This reduces profit margins and hinders cash flow, especially for small and independent businesses.
Solution
Trilo offers a fee-free payment platform that enables businesses to receive instant payments directly into their bank accounts via invoices, links, or QR codes. By leveraging Open Banking, Trilo automates bank transfers, eliminating transaction fees and enabling faster access to funds. The platform also includes a customer relationship management (CRM) system that provides insights into customer purchasing behavior, allowing businesses to build stronger relationships with their regulars, convert new customers, and optimize inventory management. Trilo's approach aims to empower independent high-street businesses by providing them with tools comparable to those used by larger corporations.
Target Audience
Trilo primarily targets independent high-street businesses, retailers, and service providers seeking to reduce transaction fees, improve cash flow, and enhance customer relationships.
Features
- Fee-free payments via Open Banking, eliminating transaction costs
- Instant fund access, with money received in approximately 5 minutes
- Payment acceptance through invoices, payment links, and QR codes
- Integrated CRM system for tracking customer purchase history and preferences
- Customer insights to identify top-performing products and inform inventory decisions
- Tools for building customer relationships and rewarding loyal customers
- Mobile interface for managing payments and customer data on the go