The startup offers a merchant financial platform that enables small businesses to accept digital payments and conduct both online and offline sales. By facilitating access to digital services, the platform enhances financial inclusion and allows merchants to serve as banking and distribution hubs for their customers.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses in emerging markets often lack access to comprehensive digital financial services, hindering their ability to efficiently manage transactions, access credit, and expand their operations. This limited access restricts financial inclusion and prevents merchants from fully participating in the digital economy.
Solution
Yufin provides a merchant platform that enables micro, small, and medium-sized enterprises (MSMEs) to accept digital payments and manage both online and offline sales. The platform offers tools for managing accounts receivables, inventory, point-of-sale (POS) transactions, and on-demand delivery services. By integrating these services, Yufin aims to empower merchants to serve as distribution hubs, streamline their operations, and enhance their financial capabilities. The platform also facilitates access to wholesale goods and enables merchants to resell digital services such as OTT streaming vouchers and insurance products.
Target Audience
The primary target audience is micro, small, and medium-sized enterprises (MSMEs) in the Philippines, particularly sari-sari store owners and other small retailers.
Features
- Digital payment acceptance for online and offline sales
- Accounts receivable (Utang) management with payment reminders
- Inventory management and sales reporting
- Free POS system
- On-demand delivery service booking
- Wholesale grocery ordering
- Reselling of OTT streaming vouchers
- Reselling of insurance products