InvoiceASAP, a provider of invoicing as well as payment solutions for small and medium-sized businesses (SMBs), has reportedly partnered with global Fintech Adyen, the financial technology platform of “choice” for businesses, in order to level up their deposit experience by providing users with instant access to deposited funds.
InvoiceASAP will leverage Adyen’s single global solution (Adyen for Platforms), which enables users to sign up, sell and get paid “through a single solution.”
InvoiceASAP merchants are primarily field service businesses “that require quick access to capital for expenses.”
As an early adopter of Adyen’s Cash Out feature, InvoiceASAP is able “to offer their users instant access to pending funds, bypassing the usual multi-day waiting period.”
Paul Hoeper, CEO said:
“InvoiceASAP is building the most advanced Invoice to Pay solution. Adyen gives us access to the most advanced payment products and tools, including FedNow for Instant Deposits. We are fully focused on providing the fastest velocity of bank deposits for our over 23,000 merchants. By combining Adyen’s Instant Payouts and new Cash Out functionality, we can provide our users with unmatched velocity.”
Adyen was among the first financial technology platforms “certified by the Federal Reserve to utilize its instant payment infrastructure (FedNow) last summer and is leveraging that certification to meet the needs of leading Fintech solution providers like InvoiceASAP with faster and more efficient ways to move money.”
Davi Strazza, president of Adyen North America:
“Our partnership with InvoiceASAP underscores Adyen’s commitment to continued innovation. Our FedNow certification allows for instantly-available deposits and cash advances, enabling InvoiceASAP users to better manage cash flow, scale operations, and invest in the tools they need to thrive.”
As noted in the update, InvoiceASAP is a “provider of field service, invoicing and payment solutions for more than 23K small and medium-sized businesses.”
The company’s platform enables businesses to “create, send, and manage invoices from anywhere, on any device, while offering customers a variety of convenient payment options.”
As mentioned in the announcement, Adyen is the financial technology platform of choice for leading companies.
By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses “achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft.”