Payouts.com Lands $12.1 Million in Funding to Advance Vendor Relationship and Payout Management Tools

Fintech startup Payouts.com has secured $12.1 million in fresh funding to enhance its vendor relationship management features and boost product development. Founded in 2022, the platform aims to simplify and automate supplier payment processes, providing businesses with tools to streamline operations efficiently.

Payouts.com addresses the growing complexity of managing multiple supplier relationships in today’s digital economy. The platform tackles the financial and operational challenges that arise when businesses partner with diverse vendors, offering a new approach to payout management.

The platform provides a user-friendly interface designed to optimize the payments workflow. It covers everything from supplier onboarding and connection management to executing payouts. Additionally, Payouts.com integrates with over 600 enterprise resource planning systems, helping companies manage financial operations more smoothly.

Other key features include multi-currency account support, a vendor portal for financial compliance, and tools to manage tax documentation and regulatory adherence. The platform also supports various payment methods, including bank transfers, eWallets, and cryptocurrencies, along with real-time tracking and customizable reporting to improve cash flow visibility and financial oversight.

Source: Duncan Riley / SiliconANGLE