Ontik Technologies

Based in the UK, Ontik Technologies Limited specializes in innovative payment solutions tailored for B2B wholesalers, enhancing the management and collection of trade account payments through advanced technology. Ontik Technologies Limited is focused on providing payment solutions that streamline payment processes for businesses. Founded in London, UK. Ontik offers a comprehensive payment solution designed specifically for B2B wholesalers, focusing on the management and collection of trade account payments. The core functionality revolves around a live aged debtor dashboard that allows businesses to track outstanding payments in real time. Customers can send branded payment links via SMS, WhatsApp, and email, significantly reducing the time spent on payment follow-ups. These links can include essential documents such as invoices and proof of delivery, ensuring that clients have all necessary information to facilitate timely payments. Ontik's platform integrates seamlessly with existing enterprise resource planning (ERP) systems, enhancing reconciliation processes and providing users with a streamlined experience. The primary customer base includes B2B wholesalers operating in various geographical markets, such as the United Kingdom and Europe, who seek to simplify their payment collection processes and improve cash flow management. Ontik generates revenue through its payment processing platform, which is structured around transaction fees associated with the usage of its services. Clients typically engage with Ontik by subscribing to its platform to facilitate payment requests and collection processes. The transaction structure involves sending payment requests that can include various payment methods such as Mastercard, Google Pay, Visa, Bacs, and Apple Pay, thereby providing flexibility for different customer preferences. Companies utilizing Ontik's service benefit from reduced card fees and enhanced cash flow through faster payment cycles. Specific pricing plans for the services offered are established based on the features and volume of transactions processed, reflecting the value provided through the platform's capabilities. The solution aims to minimize collection efforts while maximizing cash inflow, making it an essential tool for businesses looking to optimize their financial operations. The company aims to launch new product features to further streamline payment processes for their clients and plans to target expansion into new geographical regions in Europe by the end of 2026.

1. Seed

   May 20, 2025

   Amount

   $3.7M

   Investors

   Locked