Resolve

ResolvePay is a financial technology (FinTech) startup that offers a platform for businesses to manage their accounts receivable (AR) and cash flow. The company operates in the B2B market, serving over 12,000 businesses, and processes around 3,500 payments monthly.

The platform works by allowing businesses to add their customers to ResolvePay's system. Each customer is then given a credit line based on their credit rating. ResolvePay handles the follow-up on late payments, freeing up businesses to focus on their core operations. The platform also provides a user-friendly dashboard for businesses to stay updated on their customers' payment status.

ResolvePay's business model is centered around managing credit risk for businesses, handling payments and collections, and improving AR turnover and cash flow. The company claims that by using their platform, businesses can increase sales, reduce non-payment, and minimize risk. They also offer cash advances that are non-recourse, meaning the money received is always the business's to keep.

One of the key benefits of using ResolvePay is the potential to increase the average order value by 40%, get paid in 24 hours instead of the typical 60 days, and double customers' purchasing power. The platform also offers recommendations on credit line sizes to extend to customers, potentially speeding up sales cycles by 90%.

In addition, ResolvePay offers a variety of payment methods for customers, including ACH, credit card, wire, and check payments, with the added benefit of lower processing fees.

Keywords: FinTech, Accounts Receivable, Cash Flow, Credit Risk Management, Payment Processing, B2B, Non-Recourse Cash Advances, Credit Line Recommendations, Sales Cycle Acceleration, Lower Processing Fees.