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Overview
CollectWise offers a B2B payment platform that lets small and medium-sized businesses receive invoice payments and milestone deposits with zero transaction fees through a flat monthly subscription. It supports customizable workflows like recurring invoices, 50/50 splits, and contract-based milestone deposits, and funds are deposited directly into a business bank account within a few days with a real-time dashboard for tracking. Unlike traditional processors that charge per-transaction fees, CollectWise provides predictable pricing and flexible payment flows tailored to SMEs. Its goal is to reduce payment costs, simplify payment processes, and improve cash flow for its SME customers.
About CollectWise
Industries
Enterprise Software
Fintech
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$150K
Headquarters
New York City, New York
Founded
2024
Simplify's Take
What believers are saying
- SMEs adopt B2B automation for faster vendor payments.
- Digital wallets grow in B2B, optimizing cash flow.
- Instant disbursements via Visa Direct scale payouts.
What critics are saying
- HighRadius AI cuts DSO by 10 days, eroding zero-fee appeal.
- Stripe wallets and reconciliation undercut subscription model.
- Rillion captures SMEs with NetSuite ERP integrations.
What makes CollectWise unique
- Astrius eliminates B2B transaction fees via subscription model.
- Astrius enables customizable workflows like milestone deposits.
- Astrius delivers funds directly to bank accounts quickly.
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Funding
Total Funding
$150k
Below
Industry Average
Funded Over
2 Rounds
Y CombinatorIndustry standards
Company News
CoreNest Capital, a venture capital firm, announced strategic investments in eight companies, including SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Revision Dojo. These investments focus on high-growth sectors like AI, robotics, and MedTech, projected to reach trillions in market size by 2030. CoreNest aims to drive innovation in space exploration, ethical AI, and virtual healthcare, aligning with markets expected to grow significantly by the end of the decade.
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About CollectWise
Industries
Enterprise Software
Fintech
Financial Services
Company Size
1-10
Company Stage
Seed
Total Funding
$150K
Headquarters
New York City, New York
Founded
2024
There are no jobs for CollectWise right now.
Find jobs on Simplify and start your career today