Twikey provides a platform for automating recurring payments through SEPA direct debits and credit cards, integrating with over 500 accounting and CRM systems. By streamlining the payment process and minimizing administrative tasks, Twikey enhances cash flow and reduces costs for businesses with returning customers.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses face challenges in managing recurring payments, leading to increased administrative overhead, delayed cash flow, and potential errors in reconciliation. Traditional methods often involve manual processes for invoice collection and reconciliation, which are time-consuming and prone to inaccuracies.
Solution
Twikey offers a platform designed to automate recurring payments through SEPA direct debits and credit cards, streamlining the entire payment process. The platform integrates with existing accounting and CRM systems, enabling businesses to collect invoices effortlessly and improve cash flow. By automating failure management and offering various European payment methods, Twikey reduces administrative tasks and enhances the payment experience for both businesses and their customers. The platform's features minimize manual intervention, ensure timely payments, and provide a comprehensive solution for managing recurring transactions.
Target Audience
Twikey primarily targets businesses with recurring revenue models, including subscription-based services, membership organizations, and companies offering installment plans.
Features
- Automated SEPA direct debit and credit card processing for recurring payments
- Integration with over 500 accounting and CRM systems via API
- Online e-mandates for legally compliant authorization of direct debits
- Automated failure management to minimize lost revenue from failed transactions
- Customizable payment pages to optimize the billing process
- Support for multiple European payment methods
- Real-time reconciliation of payments
- Reporting and analytics dashboard for tracking payment performance