VePay provides Shariah compliant financing solutions tailored for the eCommerce sector. The company focuses on enabling sellers to access necessary capital while adhering to Islamic financial principles. This specialized funding supports business growth and operational stability within the digital marketplace.
Funding
Funding not disclosed
Founders
Product
Problem
E-commerce sellers often face cash flow gaps due to delayed payments from marketplaces, hindering their ability to invest in inventory and marketing, which ultimately limits business growth. Traditional financing options may be inaccessible or come with unfavorable terms like interest, credit checks, and personal guarantees.
Solution
VePay provides e-commerce businesses with ethical, Shariah-compliant factoring solutions to bridge cash flow gaps without interest or credit checks. Through InstaPay, sellers can unlock up to 70% of their net invoice amount within 24 hours, and with VeFund, sellers can access advance financing up to $250,000 based on their sales history. VePay integrates directly with major e-commerce marketplaces, enabling seamless access to working capital. Once the marketplace settles the invoice, the remaining balance is released to the seller.
Target Audience
VePay primarily targets e-commerce sellers on platforms like Amazon, Shopify, Walmart, and Wayfair who need immediate access to working capital to fuel their business growth.
Features
- InstaPay: Immediate access to 70% of net invoice amount within 24 hours
- VeFund: Advance financing up to $250,000 based on sales history
- VeCard: Debit card for instant access to funds, enabling secure spending and withdrawals
- VePay Checking Account: Multi-currency account to hold, convert, and transfer funds in 25+ currencies, and payout locally in 40+ countries
- Integration with Amazon, Shopify, Walmart, and Wayfair
- Shariah-compliant, ethical financing
- No interest, credit checks, or personal guarantees required
- Fast onboarding process with online application and digital signing