Market Opportunity
Stop chasing invoices — automate client payments and follow-ups targets a $24.0B = 20M SMBs × $1.2K ACV (annual software + payment fees for receivables automation) total addressable market with high saturation and a year-over-year growth rate of 10% annual growth — Source: McKinsey & Company and industry reports on digital payments and SMB software adoption (2022-2024).
Key trends driving demand: Trend — SMBs are digitizing finance functions, creating strong demand for automated invoicing and reconciliation that integrates with accounting systems.; Trend — Open banking and faster ACH rails enable more reliable bank-to-bank payments and retries, lowering failed-payment friction.; Trend — AI-driven personalization is improving engagement in customer communications, which increases collection rates for automated dunning.; Trend — Embedded finance and platform partnerships mean payments can be offered as value-adds inside software SMBs already use, lowering acquisition costs..
Key competitors include Stripe Billing, QuickBooks (Intuit) Payments, GoCardless, Melio.