Respaid
Respaid, based in San Francisco, is a fintech company specializing in AI-driven B2B account receivables collection, serving industries like SaaS and services with a focus on businesses with over 50 unpaid invoices annually.
Company Overview
Respaid is a fintech company headquartered in San Francisco, CA, specializing in AI-based solutions for B2B collection of account receivables. Supporting businesses across the United States, America/Canada, and remote locations, the team consists of 38 members. Respaid’s innovative approach leverages artificial intelligence to achieve a 50% collection rate within 20 days, with services designed for companies with both small and extensive outstanding invoices.
AI-Powered Collection Services
Respaid offers a modernized method for collecting B2B receivables, utilizing artificial intelligence to handle transactions ranging from $50 to $97k. The service is fee-based only upon successful collection and accepts integration via Excel file uploads or API. Notable clients such as Flexport, Clipboard Health, and Plane (ex-Pilot) have benefited from this AI-driven service, which ensures faster and more effective collections. Dynamic fees are based on the age of the receivable.
Y Combinator Support
Respaid is supported by Y Combinator, being part of the S23 batch. This endorsement underscores the company’s innovative approach and growth potential in the realm of fintech. Being part of Y Combinator provides Respaid with access to strategic advice, networking opportunities, and funding, aligning with the company's goal of revolutionizing how B2B collections are managed.
Integration and Support Options
Respaid offers various integration options such as Zapier for Pro plans and additional API integration for higher-tier plans, ensuring seamless connectivity with existing systems. Businesses can either upload data via Excel or utilize API integration. For support, Respaid provides comprehensive documentation and live chat assistance. Depending on the chosen plan, prioritized support options including key account managers and accelerated response times are available.
Pricing Plans and Fees
Respaid offers a flexible pricing structure designed to accommodate various business needs. There’s a Starter plan for companies with fewer than 50 unpaid invoices per year, while businesses with more extensive receivables can opt for annual plans to save on collection fees. The fee model is dynamic, charges vary with the age of the receivable, and straightforward with transaction fees for online payments varying by plan. Fixed fees per collected receivable are applied only upon successful collection.
