Beez offers a plug-and-play, white-label shopping app that provides financial institutions with instant credit solutions and virtual card issuance at the point of sale, enhancing the online shopping experience. This platform addresses the challenge of high customer acquisition costs and low user engagement in the e-commerce sector by connecting banks with a network of merchants for seamless payments.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in acquiring new customers and increasing user engagement in the competitive e-commerce landscape. High customer acquisition costs and the need for seamless digital banking solutions hinder their ability to capitalize on the growing e-commerce sector.
Solution
Beez offers a white-label shopping application that integrates directly with financial institutions, providing instant credit solutions and virtual card issuance at the point of sale. This plug-and-play platform allows banks to connect with a network of merchants, enabling customers to access credit and complete online purchases smoothly. By offering a seamless payment experience and instant credit options, Beez helps financial institutions reduce customer acquisition costs and enhance user engagement within the e-commerce ecosystem. The app features an intuitive interface that transforms the shopping experience, making online purchases easier than before.
Target Audience
The primary target audience includes financial institutions, neo-banks, and challenger banks looking to enhance their digital banking offerings and capitalize on the growing e-commerce market.
Features
- White-label shopping app customizable for financial institutions' branding
- Instant virtual card issuance for seamless online payments
- Integration with a network of merchants for in-app browsing and shopping
- Instant credit solutions at the point of sale
- Plug-and-play integration with existing digital banking flows
- In-app browser for accessing partnered merchants