Simplified Payment Solution
Overview
Client Location
USA & Canada
Industry
Financing, Merchant Cash Advance, Factoring
Need
Digital platform for invoice financing to improve credit risk and capital efficiency
Capitalnow is a financial service provider that helps businesses improve cash flow by purchasing unpaid invoices. This service enables companies to access funds quickly, reducing the stress of delayed payments and allowing them to focus on growth. With fast approval times and direct bank transfers, Capital Now makes it easier for businesses to manage their finances without waiting on extended payment terms. The company also offers integrated accounting support, making the process seamless for their clients.
Challenges & Solution
Impact
1
Credit Risk Analysis
​Improved credit risk assessment processes, allowing
CapitalNow to make more accurate lending decisions.
2
Optimized Capital Utilization
The platform allowed businesses to increase capital
efficiency by gaining faster access to funds.
3
Seamless User Access
Enhanced user experience, ensuring easy access to the
platform and smoother management of finances.
1
Transforming Trade Finance Processes Digitally
Solution
Developed a digital platform tailored to transforming the trade finance process, enabling faster access to cash flow and easier management of invoices.
2
Integrating with FinTech APIs
Solution
Integrated multiple FinTech APIs, including Plaid and Yahoo! Finance, to enhance the platform’s capabilities, enabling users to monitor and manage their finances efficiently.
3
Providing Consumer-Facing Mobile and Desktop Applications
Solution
Created a seamless user interface and experience across web and mobile applications, ensuring users could manage their finances anytime and anywhere.
4
Improving Credit Risk Assessment
Solution
Developed advanced tools within the platform to enhance the accuracy of credit risk assessments, allowing CapitalNow to offer better financing options.
5
Ensuring Real-Time Financial Insights
Solution
The platform provides real-time updates and insights on payment statuses, credit risk assessments, and capital efficiency, allowing businesses to stay informed and make data-driven decisions.
Key Components
Web Application
Custom-built for managing trade finance processes and invoice tracking.
FinTech API Integration
Seamless integration with financial APIs, enhancing
functionality and connectivity.
Mobile Application
Ensuring accessibility and ease of use for customers through both desktop and mobile platforms.