Singapore-based fintech ipaymy has unveiled Fetch, an innovative invoicing platform aimed at empowering Small and Medium Enterprises (SMEs) to expedite and streamline payments in Singapore, Hong Kong SAR, Malaysia, and Australia.

SMEs often grapple with delayed invoice payments, with almost 50% of invoices paid late, resulting in an average Day-Sales-Outstanding (DSO) of 100 days, as reported by Atradius. This extended payment cycle significantly impacts cash flow operations, posing challenges in a global economy with rising interest rates and limited access to capital.

Fetch addresses these hurdles by transforming the entire accounts receivable function, offering end-to-end automation and simplification. The platform utilizes customer profiling to suggest various payment tactics through its incentive toolbox, thereby increasing the likelihood of on-time payments.

Key Features of Fetch:

1. Simplified and Automated Receivables Management: Generate, send, and track invoices seamlessly to an unlimited number of clients, complete with automated payment reminders and late fee notifications.

2. Diverse Payment Options, No Setup Required: In addition to bank transfers and cash, Fetch allows customers to pay using cards or cryptocurrency without additional setup.

3. Timely Payments with Fetch’s Incentive Toolbox: Employ dynamic discounts to encourage early payments or enable customers to pay in installments.

4. Industry-Competitive Rates and Fast Settlement: Fetch offers a cost-effective solution for smaller businesses to embrace card and crypto payments, with settlement as fast as the next business day.

Ethan Dobson, CEO of ipaymy, highlighted Fetch as a technological force multiplier, providing SMEs with unprecedented capabilities to enhance customer relationships and significantly improve cash flow. By automating traditionally manual processes, Fetch allows SMEs to focus on driving growth while ensuring a smoother invoicing and payment experience.

With no subscription fees or complex contracts, Fetch emerges as a hassle-free and cost-effective option for SMEs seeking to digitally transform their receivables management and enhance cash flow predictability.