- InvoiceASAP has partnered with global payments platform Adyen to facilitate instant access to deposited funds.
- The partnership combines InvoiceASAP’s Invoice to Pay solution with Adyen’s Instant Payouts and Cash Out functionality to enable businesses to better manage cash flow.
- Oakland, California-based InvoiceASAP made its Finovate debut at FinovateSpring 2013.
A partnership between invoicing and payments solutions provider InvoiceASAP and business payments platform Adyen will enable InvoiceASAP to offer its users instant access to deposited funds. This is a critical issue for InvoiceASAP’s small- and medium-sized business customers, who often require quick and ready access to capital to better manage their expenses.
“InvoiceASAP is building the most advanced Invoice-to-Pay solution,” company CEO Paul Hoeper said. “Adyen gives us access to the most advanced payment products and tools, including FedNow for Instant Deposits. We are fully focused on providing the fastest velocity of bank deposits for our over 23,000 merchants. By combining Adyen’s Instant Payouts and new Cash Out functionality, we can provide our users with unmatched velocity.”
InvoiceASAP will take advantage of Adyen’s global solution – Adyen for Platforms. The offering enables users to sign up, sell, and get paid through a single solution. The company will also leverage Adyen’s Cash Out feature to provide its users with instant access to pending funds, without having to wait multiple days.
“Our partnership with InvoiceASAP underscores Adyen’s commitment to continued innovation,” Adyen North America President Davi Strazza said. “Our FedNow certification allows for instantly-available deposits and cash advances, enabling InvoiceASAP users to better manage cash flow, scale operations, and invest in the tools they need to thrive.”
With customers ranging from Microsoft and Meta to Uber and H&M, Adyen provides end-to-end payments capabilities, data-driven insights, and financial products to businesses around the world. Headquartered in Amsterdam, Adyen processed more than €970 billion in payment volume in 2023. This month, in addition to its partnership with InvoiceASAP, Adyen announced a collaboration with PayPal to offer its Fastlane product on the Adyen platform. Also in August, Adyen reported that it has extended its partnership with BMW and expanded its operations in India. The publicly traded firm has a market capitalization of $45 billion.
Founded in 2010 and headquartered in Oakland, California, InvoiceASAP made its Finovate debut at FinovateSpring in 2013. In the years since then, the company has grown into a major, fully-integrated mobile invoicing solution provider with more than 400,000 customers in 120+ countries. InvoiceASAP enables merchants to generate and pay invoices on the go using either a smartphone or a tablet. The company’s technology connects with major accounting platforms, including QuickBooks and Xero, to ensure compatibility with the merchant’s accounting software.