New Kid on the Block: Meet Unique Payments, the female-cofounded Amsterdam startup that’s simplifying B2B payments for businesses

Within the ever-evolving fintech business, new gamers are always rising, difficult conventional strategies, and introducing revolutionary options to cater to the wants of companies. 

One such participant is Amsterdam-based Distinctive Funds. 

The corporate has set its sights on revolutionising B2B funds by specializing in digitalisation and buyer wants.

As companies search to streamline their operations and save prices, Distinctive Funds presents itself as a viable answer. 

The Dutch firm’s digital cost platform goals to simplify the method of dealing with a number of cost strategies, providing companies an environment friendly method to handle their funds. 

With the corporate’s superior cost capabilities, companies could make cross-border funds with ease, and the platform’s user-friendly interface makes it simple to handle transactions.

The corporate’s mission is to offer companies with entry to probably the most environment friendly and cost-effective cost options. 

To be taught extra about Distinctive Funds’ mission, imaginative and prescient, and success tales, we reached out to Ceren Danis, Co-founder and CPO of Distinctive Funds.  

This text additionally explores the corporate’s cost platform, highlighting its options and the way it addresses the challenges confronted by companies in managing a number of cost strategies. It additionally discusses its upcoming funding eventualities.

The start of Distinctive Funds

The worldwide B2B funds sector, although huge, is basically offline, with a mere 7 per cent carried out on-line. Regardless of the plethora of improvements within the B2C market, the B2B sector lags, creating a niche for real B2B-focused options.

“What we noticed taking place then was the less-than-an-ideal mixture of B2B wants for cost options and variations of earlier B2C improvements which created a niche available in the market for true B2B-centered options,” says Ceren. 

And right here’s the place Distinctive Funds, born from the necessity for B2B-focused options, is well-poised to fill this hole.

The founders of Distinctive Funds, with a various mix of tech, product, and gross sales backgrounds, got here collectively in Amsterdam throughout Antler’s Autumn 2023 cohort. 

“We grew to become mates on Day 1; nonetheless, it took us a while to start out working collectively as a staff. Coming from complementary backgrounds, we realised our frequent ardour for B2B funds,” provides Ceren.

Mission and Imaginative and prescient

B2B transactions are complicated, involving numerous techniques and software program. 

“After we discuss B2B funds, we additionally want to speak about workflows. From cost initiation, till reconciliation, there are a number of techniques and software program that corporations have to make use of,” explains Ceren. 

Distinctive Fee’s imaginative and prescient is to streamline the complicated means of B2B transactions right into a ‘single, seamless integration.’ 

The mission of Distinctive Funds is to save lots of companies time, cash, and assets by offering a complete answer that caters to the distinctive wants of B2B transactions.

“Contemplating the true B2B wants of retailers working throughout a number of geographies, Distinctive offers seamless cost and workflow integrations that save them time, cash, and assets,” states Ceren. 

What units Distinctive Funds Aside?

Based on the founder, Distinctive Funds differentiates itself from current cost administration options in three key areas:

• B2B Centricity: Distinctive Funds is designed particularly for the B2B cost lifecycle, from initiation to reconciliation.
• Resolution Agnosticism: It goals to fulfill retailers the place they’re, whatever the cost suppliers they’re at the moment utilizing.
• The intersection of Funds and Workflows: It’s not nearly funds or workflows; it’s about connecting the dots and automating payment-related operations.

“Lastly, we aren’t simply “funds” or simply “workflows”. There are already a number of software program options retailers use so we join the dots for them by being the only level of integration and providing automation advantages for his or her payments-related operations,” clarifies Ceren. 

Fixing enterprise issues and the way

Companies typically face quite a few challenges when managing a number of cost strategies, suppliers, and platforms. 

Within the period of e-commerce and digitalisation, the interoperability of various companies and the way these suppliers work together with one another have turn out to be crucial. 

“At Distinctive, we sit at this significant intersection. Our retailers often function in a number of geographies and have already a number of cost suppliers. On the funds facet, we assist them optimise and save prices by offering a transparent aggregated image of their cost suppliers,” says Ceren. 

“Our dynamic routing permits for one of the best outcomes for his or her and their consumers’ cost wants. On the workflow facet, we be certain this info will get communicated to the precise software program stack used internally, whether or not or not it’s the accounting or ERP software program, by way of automated integrations. We merely streamline all their payments-related operations by sitting on prime of the software program suppliers they interact with,” describes Ceren.

For instance, by integrating Distinctive Funds, companies can probably save 15 per cent of their present cost prices and improve their conversions by 11 per cent. 

Furthermore, the platform reduces integration workload by 80 per cent, leading to substantial financial savings on growth prices. 

Total, integrating Distinctive Funds might probably uplift income by 20 per cent, says Ceren. 

Scalability and Customisability 

“Distinctive is constructed for rising corporations and their growth wants. Our answer agnosticism particularly helps that,” notes Ceren. 

Based on Ceren, the platform is very scalable, permitting companies to check new markets with no integration wanted and simply allow totally different cost strategies and software program integrations as they see match. 

” We’re constructed to be modular and meet the retailers the place they’re of their journey. Since we’re additionally firstly of our journey, we’re very delicate to the suggestions from the market. We at all times take heed to the wants of our retailers and construct options accordingly,” provides the founder.  

The corporate can be planning so as to add extra integrations to additional streamline the cost operations for companies. It consists of each payment-related software program and value-added companies.

Funding scenes

“We’re the brand new child on the block! Since our firm’s founding in January 2024, we’ve got been bootstrapping,” Ceren says. 

The corporate plans to boost its preliminary funding spherical in June 2024 to gas its development additional.