
Ontik
Get paid on-time & reduce trade credit risk.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor | €0.0 | round |
N/A | €0.0 | round | |
* | $3.7m | Seed | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Ontik.io is a forward-thinking startup that operates in the financial technology (fintech) sector, specifically catering to trade merchants. The company offers an end-to-end Trade Credit platform designed to streamline and modernize the credit processes for businesses in the trades industry. This platform replaces traditional spreadsheets, manual paperwork, and outdated software with advanced, user-friendly technology that enhances both commercial and customer outcomes.
Ontik's primary clients are trade merchants who seek to drive more sales and improve customer experiences. These businesses benefit from Ontik's ability to provide instant credit access, seamless online and offline payment services, and automated credit processes. By proactively extending credit to high-growth customers, Ontik helps merchants support customer growth and increase their share of the customer's wallet.
The market Ontik operates in is the intersection of fintech and the trades industry, a niche that requires specialized solutions to handle trade credit efficiently. Ontik's business model revolves around offering a subscription-based service where merchants pay for access to the platform and its features. This model ensures a steady revenue stream for Ontik while providing significant value to its clients by reducing administrative burdens, protecting cash flow, and enhancing overall financial management.
Ontik makes money through subscription fees for its platform, and potentially through partnerships with third-party financial product providers. These partnerships allow Ontik to offer additional services like non-payment protection, which further secures the financial health of its clients.
In summary, Ontik.io is revolutionizing trade credit management for trade merchants by providing a modern, efficient, and comprehensive platform that enhances sales, customer experiences, and financial stability.
Keywords: Trade Credit, Fintech, Trade Merchants, Sales Growth, Customer Experience, Credit Automation, Financial Protection, Subscription Service, Payment Solutions, Risk Management.