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Construction BNPL
B2B buy now pay later for the construction space workflow.:
• Fast and accurate underwriting using credit decision engines backed by machine learning
• Automatic screening across KYB & AML platforms, bank statement analysis, SME credit reports, bankruptcy filings, etc
• Contractor receives upfront payment, less a fee. No balance sheet risk for Contractor
• Owner is extended credit and issued invoice
• Contractor relieved of credit collection processes, freeing up time and resource. Revlend (BNPL) is synced with Contractor accounting system to send automatic payment reminders
• Self-service invoice payment pages are provided to owners that support various payment methods across currencies
• Payments received need to be reconciled to accounting systems records and cater for unmarked payments, partial payments, and late fees
• Revlend profits $6 from transaction
• Better experience for Owner
• Higher conversion for Contractor
• Less risk for Contractor
• Fast and accurate underwriting using credit decision engines backed by machine learning
• Automatic screening across KYB & AML platforms, bank statement analysis, SME credit reports, bankruptcy filings, etc
• Contractor receives upfront payment, less a fee. No balance sheet risk for Contractor
• Owner is extended credit and issued invoice
• Contractor relieved of credit collection processes, freeing up time and resource. Revlend (BNPL) is synced with Contractor accounting system to send automatic payment reminders
• Self-service invoice payment pages are provided to owners that support various payment methods across currencies
• Payments received need to be reconciled to accounting systems records and cater for unmarked payments, partial payments, and late fees
• Revlend profits $6 from transaction
• Better experience for Owner
• Higher conversion for Contractor
• Less risk for Contractor