back Back

ipaymy launches Automated Invoicing platform Fetch, for SMBs

By Gloria Methri

January 19, 2024

  • Accounts Receivable Management
  • Australia
  • B2B Payments
Share

ipaymy, Fetch, Automated Invoicing, Accounts Receivable Management, Invoice Payments Solution, FinTech, Singaporeipaymy, a B2B payments specialist, has launched Fetch—an invoicing platform designed to empower SMEs to get paid faster and on time in Singapore, Hong Kong, SAR, Malaysia and Australia.

Grappling with timely invoice payments poses a formidable challenge for SMEs across Asia. According to a report by Atradius, nearly 50% of invoices are paid late, resulting in a Day-Sales-Outstanding (DSO) now averaging 100 days. This prolonged payment cycle hampers cash flow operations, which can be detrimental in a global economy that is already suffering from rising interest rates and limited access to capital.

To help SMEs overcome these hurdles and improve cash flow, Fetch reimagines the entire accounts receivable function by simplifying and automating the process from end to end. Its technology profiles customers to propose a selection of payment tactics via an incentive toolbox, increasing the probability of on-time payments.

Through its ease of use and automation, Fetch helps SMEs reclaim valuable time and resources when it comes to generating invoices and following up on payment.

Furthermore, as SMEs broaden their global footprint, there is a need to accommodate international payment preferences. With Fetch, SMEs can extend to diverse payment options such as cards and cryptocurrency without additional infrastructure investment.

With no subscription fees or complex contracts, Fetch is a cost-effective and hassle-free option for SMEs to digitally transform their receivables management processes and improve their cash flow predictability with its innovative incentive toolbox.

Ethan Dobson, CEO, ipaymy said, “Fetch is a force multiplier that gets invoices paid using a level of technology that has not been available to small businesses before. Designed to alleviate the challenges faced in collecting payments, it empowers SMEs to build better relationships with their customers while considerably improving cash flow,

Previous Article

January 19, 2024

Qover enters £19b UK motor insurance market with new solution

Read More
Next Article

January 19, 2024

Cedar-IBSi FinTech Lab: Success in 2023, ambitious expansion in 2024!

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 13, 2025

Revolut enters Ukraine, launches special edition Clear Sky card

Read More

February 13, 2025

Tabby raises $160m Series E at $3.3bn valuation ahead of IPO

Read More

February 13, 2025

Indian payments startup ToneTag nets $78m in Series B2

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More