YayPay provides a software-as-a-service platform focused on collecting outstanding invoices for large companies and accounting teams. The product analyzes previous invoices to predict when customers will pay based on client and invoice characteristics, surfacing accounts that need attention. Teams can collaborate on collections, create automated workflows and gentle email reminders, and receive notifications to prompt follow-ups. YayPay integrates with CRM and ERP systems and enables customers to pay invoices directly via ACH and credit card. The company serves 480 clients managing more than $7 billion in accounts receivables and reported a 500% user-base increase over the past 12 months. YayPay previously participated in TechCrunch’s Startup Battlefield. YayPay offers an accounts-receivable management service that helps mid-sized companies track invoices, send reminders and collaborate across finance teams. The platform integrates with existing ERP solutions and centralizes historical invoice data. The company recently introduced cash-flow forecasting that analyzes past invoices to predict payment dates and expected bank balances. YayPay aims to reduce the time companies spend chasing unpaid invoices by surfacing neglected clients and showing who is handling collections. Operationally, the service has processed more than 150,000 invoices representing over $100 million in receivables. YayPay offers a software-as-a-service platform that automates accounts receivable workflows and collections. The company launched version two of its platform and has shifted focus to large companies with dedicated accounts receivable teams. YayPay integrates with existing ERP systems and centralizes notes, records, and communications so teams can email and call clients directly from the platform. It provides historical customer payment behavior and analytics to assess customer payment reliability, monitor overdue invoices, and help forecast cash flow. The service is positioned to accelerate collections and improve cash visibility for finance teams. YayPay has raised $1 million from various business angels and is currently raising an additional round.

Total raised

$15M

Funding rounds

3

Latest round

Equity

Latest activity

Dec 2018