Zetl partners with Finverse to automate payments and streamline financing operations

Zetl, a leading APAC fintech company offering flexible financing solutions such as invoice-based financing, wage protection, revenue share, and credit lines, has partnered with Finverse to enhance its operational efficiency. 

Through this collaboration, Zetl is now better equipped to fulfil its mission of empowering businesses to break free from the burdens of manual payment processes, enabling them to focus on what truly matters: scaling their businesses.

 “Finverse fully understood our pain points, and their product suite was a timely addition to our automation roadmap in providing seamless lending products to our customers,” explained finance and tech veteran, Matthew Roberts, Co-founder at Zetl.

The challenge

Before partnering with Finverse, Zetl faced significant challenges in managing its payment operations. For example, accessing updated customer financial data was crucial for risk management and loan underwriting, but manual processes created inefficiencies, delayed operations, and added friction for both the team and customers.

“Manually managing collections and reconciling payments was time-intensive and error-prone,” explained Matthew. “These inefficiencies slowed down our ability to scale and deliver the best experience for our customers.”

The manual load also made payment setup more complicated for customers, putting unnecessary steps that created delays and hindered the financing process.

The solution

Recognising these challenges, Zetl and Finverse joined forces to streamline its processes and focus on its core mission of helping businesses grow. This shared commitment to enabling growth is at the heart of both companies: while Zetl provides flexible financing solutions that empower businesses to scale, Finverse simplifies payment and financial data processes to eliminate administrative hurdles and ensure systems are in place to enable that growth. 

Together, their collaboration creates a seamless ecosystem that allows businesses to concentrate on expansion rather than operational inefficiencies.

Finverse’s solution introduced several APIs tailored to meet Zetl’s needs:

• eGIRO Integration: This eliminated paper-based processes, automating recurring payments and reducing administrative overhead.

• FAST API: This instant payment solution allowed Zetl to collect payments on time, ensuring smoother cash flow and reducing the risk of delays.

• Data API: Finverse’s open banking feeds provided Zetl with real-time financial insights for underwriting and portfolio monitoring, significantly improving Zetl’s risk management capabilities all the while reducing friction for customers.

  
  

The impact

By integrating Finverse’s APIs, Zetl has not only enhanced its efficiency but also improved the overall customer experience, reducing friction and making financing processes smoother and faster.

“There is much more to be done, and instant payouts is what we are currently researching as part of our decision engine and underwriting flow. Finverse APIs complement our product needs well, and we look forward to engaging on how to further improve our end-to-end service to customers,” said Matthew.

Finverse Forward: Contact us today for a free payment and underwriting process audit and see how Finverse can catalyse your financial operations.