Higo, a cloud-based platform tailored to help businesses streamline their B2B payments process, has raised $3.3 million in a Series A funding round. The funding, which BlueYard Capital and White Star Capital led, will be used to accelerate the platform’s growth across multiple industries and further its mission of making B2B payments more efficient.
Let’s take a look at how Higo’s platform works.
Overview of Higo
Higo is a cloud-based platform that enables businesses to streamline their payments. Founded in 2018, it utilizes modern technology to provide its users with a secure, efficient, cost-effective payment process. Its cloud-based platform helps make it easier for companies to manage payments, reconcile receivables and collect payments in one place.
Recently, Higo has secured $3.3 million of venture funding from investors including, DNX Ventures and FinTech Collective. With these funds and the strategic partnerships Higo has established with financial institutions worldwide, the company has solidified its commitment to helping businesses simplify their payment processes while ensuring maximum security across multiple platforms such as desktop, mobile and web applications.
Higo’s B2B payments solution helps to remove the costly overhead associated with traditional payment services by consolidating services such as verification, settlement manipulation, reconciliation and fraud protection into one simple platform for businesses of any size. In addition, through secure encryption processing technologies that mask data from end-to-end customers are assured privacy and assurance over their transactions at all times.
What is cloud-based payments platform?
Higo is a cloud-based platform that simplifies the payment process for businesses, allowing businesses to conduct secure and streamlined payments. The platform was developed to enable businesses to cpayments process, providingide them with flexibility and insight into their cash flow. Through its cloud-based offering, Higo provides businesses an easier and more secure way to purchase by reducing tedious manual tasks in traditional payment systems.
The platform offers real-time visibility into each invoice, eliminating the need for businesses to manually reconcile accounts at month’s end. This allows businesses to monitor payments more closely and decide when and how they want to pay invoices due. Moreover, its powerful risk analytics help prioritize invoice verifications based on historic trends and re-calculate discounts or extensions depending on the company’s requirements.
Higo recently raised $3.3 million in venture funding from investors including Zetta Venture Partners, SVB Financial Group, Sequoia Capital India and Stellaris Venture Partners. Funds raised will be used towards deepening partnerships , expansion into new markets, product team growth, and supporting customer success teams across all offices globally. The startup plans to use these resources to strengthen its current market position in India and explore opportunities in Southeast Asia.
Benefits of Higo’s Platform
Higo’s cloud-based platform is a powerful tool for businesses to streamline their payments, helping them reduce costs, process payments quickly and easily, and provide customers with a secure and reliable payment experience.
This platform offers a range of benefits for businesses, with $3.3 million in funding raised to help build out the platform’s features.
Let’s dive into the advantages of using Higo’s platform and how it can help businesses streamline their payments.
Streamline payments process
Higo’s cloud-based platform enables businesses to streamline their payments processing, replacing slow manual payments processes with faster electronic payments that boost cash flow and improve working capital. The platform serves a range of sectors, from pharmaceuticals to consumer electronics to banking and offers key features that enable businesses to optimize their efficiency. This makes Higo an attractive proposition for businesses seeking an efficient payment solution.
One of the platform’s key features is the ability to keep records on payments across several channels to monitor them and ensure accuracy. In addition, the platform can easily identify payments discrepancies since it can track the entire payment process from beginning to end. This eliminates potential downtime and errors when producing invoices or issuing refunds as inaccuracies are quickly rectified by the system.
Higo also simplifies reconciliation by automating tasks typically taking hours of manual labor. With Higo, companies can finish accounts payable tasks such as reconciliation in half the time they would traditionally require while reducing error rates. In addition, as payment processes are streamlined and detailed records are kept on all transactions, companies can expect improved budgeting accuracy and more reliable services for customers.
The added convenience of using Higo also comes with reduced costs since businesses can bypass banks for cross border transfers, avoid external fees, cut down on paper trails and enjoy several tax advantages due to its data transparency. In turn, companies can prioritize better spending decisions while ensuring financial integrity through tighter security procedures than banks or other financial operators could provide – all thanks to Higo’s secure cloud-based platform!
Automate payment reconciliation
Higo’s cloud-based platform automates the payment reconciliation process, enabling businesses to reconcile accounts more rapidly. Rather than manually checking bank statements and reports to ensure payments are received, using Higo allows reconciliations to be carried out faster, accurately and with greater certainty of matching.
Furthermore, enterprises benefit from real-time visibility into their cash flow position and automated reconciliation of multiple data sources. This reduces manual effort spent on reconciliations, freeing up staff time to focus on other tasks.
These automation capabilities simplify compliance with Statutory Financial Accounting Standards (IFRS) by automatically keeping track of all payments and accounting treatments, including allocating receipts across suppliers or customers as needed, allowing internal auditors to verify financial information quickly. Higo’s platform ensures that businesses never miss an invoice due date again or worry about discrepancies in their records.
Improve cash flow visibility
The Higo platform helps companies increase efficiency and accuracy in payments processing. Through intelligent automation, businesses can detect errors, reduce cycle times and gain greater control of their payments.
With more visibility into payment processes across different buyers, vendors and customers, companies can better understand their cash flow situation. The platform also helps businesses handle complex regulatory compliance requirements by embedding the required information into the procurement and payment process.
As the payments are completed with minimal downtime, companies have a clearer view of when transactions will settle to help with budgeting decisions or predicting outcomes during contract negotiations.
Higo Raises $3.3 Million For Cloud B2B Payments
Higo has recently announced they have raised $3.3 million in Series A venture capital funding to develop its cloud-based platform that enables businesses to seamlessly streamline their payments.
This injection of capital will enable Higo to further develop its technology and reach more businesses with its innovative solutions.
Let’s examine how Higo uses this funding to further grow its business.
Overview of funding round
Higo, a cloud-based payment platform that enables businesses to streamline their payments, recently announced the successful completion of its Series A funding round. The company has raised $3.3 million in financing provided by Social Leverage, Golden Closure Group and other investors. The new funds will enhance customer service and expand into new markets.
The founders of Higo credit the success of their round to the exceptional capabilities of their cloud-based platform, which provides companies with a seamless payment experience for business-to-business transactions worldwide. With features such as automated reconciliation process and end-to-end security compliance, Higo’s offering appeals to big and small businesses seeking an efficient bill handling system for B2B payments.
Higo plans to use these funds to continue the growth of their global customer base by expanding into new markets. In addition, the startup will continue developing its product suite with stronger reconciliation capabilities and faster customer onboarding processes to serve customers more effectively and improve its competitive advantage in the global market.
Investors involved
Higo, a cloud-based platform that helps businesses streamline their payments, has recently secured a Series A round of funding. Digital venture capital firm Anthemis Group led the $3.3 million investment with participation from unnamed family offices and large global investors. With this funding, Higo plans to continue developing its platform in order to improve small businesses’ payment experience.
This is the first time the Los Angeles-based company has sought outside funding. The company plans to use the money to expand its user base among small and medium sized business owners, as well as for research and product development purposes.
Most of Higo’s investment was led by Anthemis group, a digital venture capital firm founded in 2008 that became one of Europe’s leading fintech investors. Anthemis focuses on making investments throughout Europe and North America providing capital to various innovative companies including BitPay, Payoneer and Revolut. Several other family offices and large global institutional investors are also involved in the round but have chosen not to disclose their identities.
Use Cases
Higo’s cloud-based platform has enabled businesses to streamline their payments, making the payment process more efficient. This platform is a secure, cost effective and reliable way to streamline payments. It also has features such as multi-currency and multi-lingual features as well as fraud detection capabilities.
In this section, we’ll look at some of the use cases for the Higo platform and how it can help businesses.
Businesses leveraging Higo’s platform
Using Higo’s B2B cloud payments platform, businesses can quickly and securely manage their payments. It allows companies to easily send, collect and store payments within a secure and integrated environment.
Businesses of all sizes can utilize Higo’s innovative payment approach by leveraging its API platform, which enables third-party integrations with customer relationship management systems such as Salesforce or Oracle. Companies combining their customer data with Higo’s API can automate the payment process and increase speed, transparency, security and customer satisfaction.
Higo applies to businesses across many industries including retail, hospitality, healthcare and banking. Additionally, it’s frequently used by small business owners who need to quickly send invoices or accept payments from customers without the cumbersome processes that typically come with manual payment methods or other traditional payment platforms.
Higo’s cloud-based platform increases efficiency and helps reduce manual administrative tasks and costs associated with developing an integrated system from scratch. In addition to providing access to a reliable global payment gateway for both credit cards and ACH transfers, businesses using Higo can conveniently monitor payments on a single dashboard for real-time insights into the status of their transactions in order to make timely decisions based on accurate data.
Benefits experienced by businesses
Higo’s cloud-based platform is designed to make it easier for businesses of all sizes and across all industries to manage their B2B payments. That could include small local businesses, multinational corporations, and other businesses. Higo enables these entities to streamline the processing and settlement of invoices, increase data accuracy, improve financial visibility, generate detailed reporting insights from payments-related data, and reduce payment cycle times.
The benefits of using Higo’s cloud-based platform affect both the cashflow of business and the overall efficiency of operations. Businesses can become more agile by accessing automated tools that allow them to better manage their payments, resulting in improved cashflow management and reduced transaction costs. Additionally, it offers financial transparency, giving companies a better understanding of how their money is being used; this helps them maintain profitability with fewer surprises.
Furthermore, the data collected through Higo’s cloud-based platform helps businesses become more proactive in managing their finances; this makes it easier for them to identify potential areas for improvement, risks, or industry trends. Lastly Higo reduces manual involvement in payment processing; this saves time and reduces errors that can occur from manual entry mistakes resulting in a streamlined way of doing business with clients or vendors.
Conclusion
Higo’s cloud-based platform raises $3.3 million to help businesses streamline their payments. This is great news for small businesses that usually struggle with time-consuming manual payments.
But what exactly did Higo’s cloud-based platform offer that enabled it to raise such a large amount of funding? Let’s look at the factors that led to their success and the implications of what this new platform could mean for businesses.
Summary of Higo’s platform
Higo is a cloud-based payments solution designed to help businesses streamline their global payments. The company recently announced that it had raised $3.3 million in its latest seed funding round, led by investment firms such as Global Founders Capital and Momentum Partners.
With the help of Higo, businesses can more easily and securely receive payments from their customers worldwide, regardless of their location or currency. Businesses can also take advantage of features such as real-time reconciliation for accurate bookkeeping and automated invoice processing for improved efficiency. Additionally, the platform provides integrated fraud protection to ensure maximum security with every transaction.
Overall, Higo’s cloud-based solution makes it easier and faster for businesses to send and receive real-time payments in multiple currencies worldwide. In addition, with greater visibility into end-to-end financial operations, businesses are better equipped to manage their finances more efficiently while taking advantage of limited time discounts or deals offered by vendors or partners worldwide.
Benefits of using Higo’s platform
Higo’s cloud-based platform provides a secure, reliable, and efficient way to streamline payments. In addition, the innovative technology boasts many benefits over conventional B2B payment methods. These include optimized cash flow due to faster processing times and improved tracking of financial transactions.
In addition, businesses utilizing the platform benefit from a wide range of automated invoicing tools, simplified reporting for compliance requirements, and risk mitigation through fraud protection measures. Higo also offers customized solutions for business payment needs that make it easier for companies to adjust their rates in real-time according to market conditions.
The company’s globally renowned expertise in digital payments on various devices including smartphones enables all of this. By leveraging its unique set of technologies, Higo makes it possible for businesses to simplify day-to-day operations and long term strategic planning for payments.
