Saltare is a fintech company focused on changing the way that business payments are made and received to drive much needed cash into the supply chain. Our first product, Early Pay is a ground-breaking tech-driven solution that will improve the flow of cash to the entire supply chain in a way that works for everyone.
For buyers, we deliver a way to support job creation, investment and social value, while generating financial benefits and operational efficiency.
For suppliers, we remove the need to chase payments while also providing them the simplest and most convenient way to get paid sooner.
Early Pay is a quick, simple, convenient way to facilitate payments. Giving buyers cash incentives to pay early and suppliers the security of knowing when they will be paid. Its works by a simple integration with a buyers ERP system. Once the buyer approves an invoice, Early Pay will notify the supplier. The buyer can offer to pay early (and benefit from a small discount), and the supplier can accept the offer if they wish to, in just three clicks. There’s no obligation either way, but the suppliers will have the peace of mind of knowing exactly when they’ll be paid. And knowing that invoices will be paid and by when – coupled with the option of an early payment – reduces anxiety and increases supplier wellbeing.
There are also huge social value benefits due to its inclusivity, the fact that it makes the supply chain more effective, increasing focus on value add and allowing suppliers to reinvest in innovation, job creation and growth. All of this can be a lifeline to levelling up and supercharging growth, especially for the often underserved SME’s.
Along with ease of use, Early Pay offers the supplier access to business-critical insights including payment trends and invoice logs, whilst for the buyer it offers supply data through a dedicated platform with the ability to generate quick and easy reports when needed. To add to this Early Pay does not discriminate based on a business’s size, sector, location or even credit risk profile.
Saltare was born out of the knowledge that eighty-two per cent of businesses fail not because of a lack of profit, but due to a lack of cash. Recent studies suggest small businesses in the UK are currently waiting on almost £200 billion tied up in unpaid invoices, with each business chasing an average of five invoices at any one time; valuing around £8,500 per invoice.
We are on a mission to change that. We believe that the key to unlocking those payments could be in incentivising larger organisations to pay early, and in giving them the tools and reasons for doing so.
At Saltare, our vision is to develop a series of tools that bring the certainty of payment, and the certainty of cashflow, that support both ends of the supply chain. We want to change the way business payments are made and received, by developing digitally-based tools to encourage larger organisations to get money into the hands of their smaller suppliers quickly and benefit directly by doing so through discounts and other preferential terms.
Saltare has launched its first product, Early Pay and plans to release a suite of mobile-led products that will enable buyers to manage their supply chain in a way that works for them and their suppliers – giving all parties greater choice, convenience, certainty and transparency.
We believe in swifter payments for a better world. Find out more at saltare.io
Ant Persse – CEO
Gordon McIntosh – CTO
Vicky Williams – CFO
Philip King – NED
Tracy Grazioli – Commercial Manager
Jo Maniatt – Marketing Director