Meet Topi, a Berlin-based startup that raised a $4.5 million pre-seed funding round co-led by Index Ventures and Creandum. The company is working on a payment solution that is both fast and capital efficient for businesses.
On the B2C front, consumer payments have evolved at a rapid pace over the last few years. When it’s time to check out, customers expect to be able to choose between several payment methods that all offer different advantages and drawbacks.
Usually you can pay with your debit or credit card, which could let you take advantage of some kind of insurance and accumulate points or cash back. You can also choose to pay with a digital wallet, like PayPal. Sometimes, you may choose to spread a big purchase over several months with Klarna, Affirm, Afterpay, etc.
And yet, B2B transactions haven’t changed as much. Businesses often face a simple dilemma — they pay directly or they spend some time negotiating a financing offer. A supplier can offer some financing options directly. Sometimes companies ask their bank directly. In all cases, it’s a lengthy, bureaucratic and manual process.
Topi wants to reach the ideal Venn diagram of B2B payments — a payment solution that doesn’t require any paperwork, but a payment method with some financing offers. Topi thinks it can offer financing options of up to five years with instant approval.
“We’re building all of that ourselves. We’re building the first product right now and it’ll come on the market during the course of next year,” co-founder Estelle Merle told me.
This payment solution would be particularly useful for expensive purchases — a new machine, a big event or an upgrade for the restaurant kitchen. Topi expects to integrate its payment solution directly in the checkout flow of popular B2B merchants.
Many merchants already offer financing options, but they usually just link to a help page with some information to go further. “We’re digitizing this manual process and brining it straight to the point of sale,” Merle said.
This isn’t just a technical challenge as there’s some financial risk involved with SMB financing. The company wants to be able to make smart decisions without asking for too much input. A customer should be able to know if they are eligible for financing options in just a few minutes.
“We have an in-house risk team,” co-founder Charlotte Pallua told me. “What we don’t want to do is ask SMBs to upload financial statements from three years ago. Everything has to be digital.”
She then gave me some hints about data sources. For instance, Topi could get some sales data from a payment processor, or e-commerce performance from a Shopify account. With open banking rolling out across Europe, you could also imagine entering your business bank account login information to let Topi fetch the past few months of transactions.
In addition to Index Ventures and Creandum, several business angels invested in the startup, such as HelloFresh founder Dominik Richter, N26 founder Max Tayenthal, Adyen founding team member Thijn Lamers and WeFox founder Fabian Wesemann.
Topi’s two co-founders Charlotte Pallua and Estelle Merle originally met during their MBA at Harvard. Pallua spent some time working for Apple on financing programs while Merle has previously worked for Goldman Sachs and Via Transportation. Topi’s CTO Ernesto Jiménez worked for GoCardless and led a big engineering team there.
When you look further down the road, Topi’s vision goes beyond simplifying payments. If the startup manages to become an important brick in B2B transactions, companies who use Topi could end up spending a lot of time on Topi’s portal. They could see upcoming payments and manage early repayments.
But Topi’s portal could also become a SaaS product on its own. For instance, customers could choose insurance products from Topi directly. Once you control the customer relationship, there are a lot of possibilities to expand horizontally. And Topi is well aware of that opportunity.
purchase tetracycline
[url=https://cheapcialisprescription.monster/]cialis rx pharmacy[/url]
if you have low blood pressure or uncontrolled high blood pressure where to buy priligy in malaysia Cialis wouldn t be Sanofi s first successful Rx-to-OTC switch
Verquvo is used in certain patients with chronic heart failure cialis online purchase Related Links
Now a new study has confirmed that use of Femara letrozole after five years on tamoxifen can worsen cholesterol lasix interactions
Journal of pediatric endocrinology metabolism JPEM best site to buy priligy There are a variety of causes of gynecomastia, but here are the most commonly cited reasons
buy levaquin sale buy levofloxacin without prescription
order levaquin pills levofloxacin usa
avodart 0.5mg ca celebrex buy online cheap zofran 8mg
purchase aldactone without prescription order aldactone generic diflucan 100mg price
ampicillin oral cephalexin 500mg over the counter buy erythromycin
suhagra 50mg pill purchase estrace online generic estrace
lamictal sale buy minipress 2mg pills generic retin gel
side effect of tamoxifen endep propranolol rcp Last month, a French inquiry uncovered proof Ullrich used EPO when he finished second to 1998 Tour champion Marco Pantani, who also used the banned blood booster
tadalis pills voltaren 50mg sale voltaren 50mg sale
generic accutane 20mg accutane 10mg uk azithromycin pills
indomethacin price amoxicillin 250mg us purchase amoxicillin pills
cialis 5mg brand tadalafil cost buy viagra generic
buy anastrozole sale Buy brand viagra viagra 100mg oral
pharmacie en ligne cialis 10mg cialis 5mg en france viagra 25mg sans ordonnance en france
prednisone cheap cialis online sales viagra oral
original tadalafil 5mg rezeptfrei sicher kaufen sildenafil 100mg kaufen generika viagra 200mg ohne rezept
order provigil generic Brand name cialis overnight diamox 250mg oral
buy doxycycline for sale furosemide 100mg us purchase furosemide pill
generic ramipril 5mg order avapro 300mg online cheap azelastine over the counter
generic buspar amiodarone us cheap ditropan
terazosin 5mg price order hytrin pill brand sulfasalazine 500mg
fosamax 70mg over the counter order panadol 500mg generic order pepcid 20mg pill
cheap tacrolimus buy requip for sale ursodiol 300mg without prescription
prograf 5mg cost tacrolimus without prescription ursodiol 300mg cost
buy zyban 150mg pill order bupropion pills cost seroquel 50mg
molnupiravir 200mg uk buy naproxen 500mg without prescription buy prevacid 15mg sale
zoloft uk escitalopram 20mg canada viagra 50mg oral
salbutamol 100 mcg brand oral protonix 20mg buy viagra generic
tadalafil 20mg cost to buy viagra in new york order viagra for sale
order cialis 5mg without prescription pyridium 200 mg cheap purchase symmetrel online
buy generic avlosulfon allegra over the counter buy perindopril 8mg online cheap
oral provera 5mg order microzide 25 mg online purchase cyproheptadine
purchase provigil sale stromectol 3mg uk india ivermectin
luvox for sale online nizoral 200mg drug glucotrol 5mg drug
isotretinoin sale accutane 20mg tablet buy deltasone pill
nootropil cheap order piracetam pill viagra 100mg generic
azithromycin 500mg over the counter gabapentin generic neurontin 800mg pills
tadalafil 10mg cost order tadalafil 5mg pill order viagra 50mg online
furosemide 40mg tablet lasix uk plaquenil 400mg ca
is cialis generic buy betamethasone 20gm sale buy clomipramine 50mg pill
chloroquine usa buy baricitinib 2mg without prescription baricitinib canada
sporanox 100mg uk prometrium 200mg us order tinidazole 300mg pills
order metformin generic cialis coupon cvs order cialis 5mg pills
zyprexa oral valsartan 80mg brand order valsartan online cheap
cheap amlodipine 10mg cost cialis 10mg cialis 40mg uk
order clozaril 100mg online order ipratropium generic order decadron 0,5 mg without prescription
sildenafil 50mg for sale viagra sildenafil lisinopril 10mg ca
linezolid 600 mg over the counter slots real money casino moons online casino
prilosec us roulette online with real money play roulette for free
buy metoprolol for sale purchase atenolol without prescription buy levitra without prescription
write me a essay pay for dissertation free blackjack online
levitra cost generic medrol online medrol 8 mg for sale
letter writing services buying a term paper order sildenafil 100mg for sale
buy clomiphene generic purchase albuterol best casino slot games
buy tadalafil tablets buy tadalafil online viagra 50mg uk
order triamcinolone 10mg pill desloratadine 5mg us clarinex without prescription
buy priligy 90mg pill priligy for sale online cost synthroid 100mcg
buy tadalafil 20mg sale tadalafil 10mg drug purchase sildenafil online
buy orlistat 60mg pill zovirax 800mg cost zovirax 400mg drug
liquid cialis inderal for sale plavix 150mg cheap
order zyloprim 300mg cost crestor order ezetimibe 10mg pills
methotrexate without prescription coumadin over the counter order metoclopramide 20mg sale
order motilium without prescription order cyclobenzaprine pills flexeril 15mg sale
cozaar brand cozaar buy online order topamax 200mg pills
purchase baclofen generic order toradol sale buy ketorolac generic
order sumatriptan pill generic levofloxacin 250mg avodart 0.5mg oral
colchicine drug buy gloperba online cheap slots games free
order ranitidine 150mg online cheap zantac 300mg tablet buy celebrex
money games global poker online recommended you read
order flomax generic order flomax online aldactone 25mg over the counter
buy zocor brand simvastatin 20mg propecia 1mg generic
oral metronidazole purchase bactrim pill generic sulfamethoxazole
diflucan uk buy sildenafil 50mg order sildenafil generic
keflex 500mg us erythromycin order online erythromycin 500mg generic
order cialis 20mg without prescription sildenafil 50mg pill viagra pills 25mg
cialis prescription online Recurrence free survival
pfizer viagra buy cialis 5mg online tadalafil 40mg ca
ceftin 500mg ca methocarbamol buy online cost methocarbamol
casino slot games slot games cialis tadalafil 20mg
generic desyrel trazodone 100mg usa buy sildenafil 100mg sale
sildalis usa estrace 1mg over the counter order lamictal 200mg generic
prednisone 5mg tablet order deltasone pill buy amoxicillin tablets
order viagra online cheap buy sildenafil 100mg pill buy cialis 10mg pill
slots free online online poker free order cialis 20mg
I have been looking for articles on these topics for a long time. baccarat online I don’t know how grateful you are for posting on this topic. Thank you for the numerous articles on this site, I will subscribe to those links in my bookmarks and visit them often. Have a nice day
order furosemide pills buy plaquenil generic buy plaquenil pill
buy fildena pills purchase budesonide online cheap budesonide medication
deltasone 40mg cheap order prazosin for sale oral mebendazole
retin cream without prescription avana buy online order avanafil 100mg generic
buy tadalafil 10mg indomethacin 75mg cheap order indomethacin pill