Parto
Financial management for social and care institutions through digital payment solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €2.5m | Seed | |
| Total Funding | 000k | ||
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Parto is pioneering a comprehensive digital payment solution tailored for social and care institutions, addressing the unique challenges these organizations face in managing client and operational finances. The platform offers a seamless integration of digital payment processes, significantly reducing the reliance on cash transactions and paper-based systems.
At the core of Parto's offering is a dual-account system: a trust account (Treuhandkonto) for secure client fund management and a business account for staff and operational expenses. This structure ensures legal compliance and clear separation of funds. The solution includes customizable Visa debit cards for both clients and staff, promoting financial independence and digital inclusion for clients while streamlining expense management for the institution.
The software's capabilities extend beyond basic payment processing. It features real-time account monitoring, automated accounting processes, and digital receipt capture through photos or scans. These functionalities dramatically reduce time-consuming tasks, with claims of up to 75% reduction in cash and paper-related processes.
Parto's platform is designed with flexibility in mind, catering to various use cases within social and care settings, from residential group expenses to individual client purchases. It supports payments in retail, public transport, and online environments, maintaining access to cash when necessary. The system's configurable nature allows for personalized spending limits and specific card settings, adapting to the diverse needs of different users and scenarios.
Integration with existing infrastructure is a key feature, with Parto offering flexible interfaces compatible with master data, accounting, and bookkeeping systems. This ensures a smooth transition and enhances overall operational efficiency. The company is actively developing its product, aiming for a full-scale implementation by Q1 2025, and is currently engaging with interested institutions for feedback and early adoption under favorable terms.