
The Canny Co partners with BankBuddy for its CannyPay solution
Financial Technology platforms BankBuddy.ai and Canny form strategic
partnership to offer fully Digital Request/Invoice to Pay with embedded
payments.
FinTech platforms Canny have partnered with BankBuddy to launch
CannyPay, an innovative e-invoicing and payments solution for SMEs and
Gig economy workers to automate the invoice to pay & Request to Pay
cycle for cross border payments.
As per Mastercard report, the number of freelancers is expected to grow
to approximately 915M by 2023. This work paradigm is fuelling innovation
to efficiently manage the invoice to cash cycle.
CannyPay combines the ease of digital invoicing, tracking and payments
marketplace to bring together the ecosystem players on a single platform
to conduct secure transactions. CannyPay users can create and send
multi-currency invoices to their customers across continents digitally
with embedded payment details to enable them to pay faster by selecting
the best payment option from the marketplace partners.
CannyPay is
Powered by BankBuddy.ai, a leading Composite AI SaaS platform
offering Digital Sales, Digital Onboarding, Transactions and Digital
Customer engagement to a number of Banks and FinTech organisations
globally.
BankBuddy enables seamless onboarding of customers with embedded AI
based KYC for Individuals and Corporates, authentication, secure
messaging and frictionless transaction processing across mobile, web and
social media channels like WhatsApp.
The partnership with BankBuddy has enabled Canny to rapidly extend its
global payments marketplace, with innovative offerings like Invoice to
Pay and Request to Pay.
Using CannyPay the customers will save 30-40% of time and effort by
shortening the cash conversion cycle with electronic invoice presentment
, tracking of receivables & payment and preventing errors and associated
delays. While making payments, the business will have one single
dashboard of all their AR and AP data for efficient cash management,
with the option to choose their preferred payment/FX provider and
funding account via open banking or their Payment service provider
(PSP).
“Our strategic partnership with BankBuddy.ai enabled us to create
Invoice to Pay and Request to Pay offerings alongside global payments
marketplace. BankBuddy’s pre-built customer journeys, open banking
support and knowledge of payment systems across continents will help us
to extend our offering in multiple geographies” said Aaditya Rathod,
Co-Founder of The Canny Co.
“FinTech partnerships like Canny + BankBuddy are innovation catalysts,
creating disruptive offerings at warp speed to address the challenges
faced by specific segments like SME and Gig workers. Said Aditya Bhagat,
Co-founder & CEO of BankBuddy.ai “We look forward to working with Canny
and helping them and their customers grow”.
Read more how cash
management & invoicing solutions can drive viral sales, enhance digital
engagement and ensure churn prevention with micro-targeted offers and
recommendations based on unique client needs.