Patch Systems provides small businesses with connected cash flow, pay access, and virtual healthcare solutions. The company combines invoice factoring, premium finance, and on-demand pay tools with healthcare memberships, all designed to work with existing payroll systems. This integrated approach addresses both business financial strain and employee wellbeing in one relationship.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses often wait 60 days or more for invoice payments, leaving cash locked up and forcing them to turn down new jobs. Employees face similar delays waiting two weeks for earned wages, while healthcare needs go untreated until they become severe and costly. Both sides of this waiting game create financial and personal strain that lands on the business owner.
Solution
Patch Systems offers a connected platform that addresses cash flow, employee pay access, and healthcare in one relationship. The company provides invoice factoring to unlock money owed, premium finance to convert large insurance bills into monthly payments, and on-demand pay tools that let employees access earned wages between paychecks. A virtual healthcare membership, presented by Legacy Healthcare Solutions, gives employees access to virtual care and discounts without replacing health insurance. The platform is designed for businesses too small for traditional financing options, with no minimum size requirements and the ability to start with one product and add others later. All services work with the payroll systems businesses already run, creating a single relationship instead of multiple vendors.
Target Audience
Primary customers are small businesses in construction, transportation, staffing, manufacturing, field service, and security industries that need better cash flow management and employee support tools.
Features
- Invoice factoring that unlocks cash from outstanding invoices without requiring a minimum business size
- Premium finance options that convert large commercial insurance premiums into predictable monthly payments
- On-demand pay access that lets employees draw earned wages between paychecks, reducing lost shifts
- Virtual healthcare membership providing access to virtual care, discounts, and support services without replacing health insurance
- Modular product structure allowing businesses to start with one service and add others without starting over
- Integration with existing payroll systems, eliminating the need to switch providers