PayPie Updates.

28 Sep 2020, 20:11

PayPie Updates The last quarter was mostly invested in the product and workflow enhancement for the SMBs, in order to make it more intuitive. We also mentioned in our last update that the current workflow is being revamped to make it easier for potential institutional lenders to use the platform data in their decision-making process. SMBs today expect both a fast and streamlined process, which does not require manual uploading of financial statements for further risk assessment by lenders. Getting the proper data on the risk in a broad lending market will be a huge competitive advantage for capital providers. Our platform allows lenders to visualize, understand, and analyze KPIs, trends, and risks in real-time. Presently, we are connected with only two accounting systems, but our goal for the next year is to increase the number of accounting systems to 10, all based on the architecture we have developed. Our company's target was to have the further revised and new version of the institution-grade platform ready by October, however, we have realized that it will be ready by the end of this year. Although it was not easy being faced with a magnitude of adversity, we have come out stronger and more resilient than before. As a small business ourselves, we are always open to meet and onboard new lenders. If you know of any small business lender or financial institution, excluding the US and Canada, that may be interested in accepting tokens to get access to real-time financial data, we would be more than grateful for those introductions. Completing the Contact Us form is the best way to refer them to us. Also, we would like to include a special thank you to the supporter who referred a lending institution to us in Turkey. You may or may not have noticed that a majority of our business development efforts have been related to SMBs and accounting professionals. However, early next year, that is all going to change. We will actively seek more lenders and financial institutions who are interested in providing a fair, faster, and more reliant experience for their customers. Our company will be spending an increased amount of effort and resources in that exact demographic, as we firmly believe that the development for an intelligent risk-assessment tool is needed now more than ever. #GoPayPie