
Financial Transmission Network
Integrated Receivables Processing | FTNI.
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.5m | Early VC | |
Total Funding | 000k |
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Financial Transmission Network, Inc. (FTNI) is a company that specializes in accelerating the way businesses accept, process, post, and manage payments. FTNI operates in the financial technology sector, providing a cloud-based platform called ETran that integrates various payment methods and channels into a single, streamlined system. The company serves a diverse range of clients, including businesses that handle both business-to-business (B2B) and consumer-to-business (C2B) transactions.
FTNI's ETran platform is designed to modernize and automate payment processing and cash application operations. It integrates with existing business processes, bank and merchant processor relationships, and back-office systems. This integration helps businesses increase cash flow, decrease Days Sales Outstanding (DSO), and save time and costs in their accounts receivable operations.
The company's business model is based on providing Software-as-a-Service (SaaS) solutions, which are efficiently and affordably deployed, configured, and supported. FTNI makes money through subscription fees for its platform and services, as well as through transaction-based fees.
FTNI's leadership team brings over 250 years of collective experience in payments technology and industry expertise, ensuring that the company remains at the forefront of innovation in the financial technology space.
Keywords: integrated receivables, payment processing, cash application, B2B, C2B, SaaS, cloud-based platform, financial technology, DSO reduction, accounts receivable.