Ontik, a British startup focused on automating B2B trade credit for wholesalers, which recently secured €3.2 million in seed funding led by Firstminute Capital to modernize financial operations in sectors still relying on manual processes. Ontik's platform automates the order-to-cash cycle, from creating and tracking payment requests through various channels like SMS and email to integrating with existing ERP systems for seamless reconciliation. The company's technology aims to significantly reduce collection efforts and payment days, improve cash flow, and decrease card fees for businesses. Described as building the "Stripe for the real economy," Ontik provides a mobile-friendly customer payment portal and a dashboard for managing collections, ultimately helping wholesalers operate with greater efficiency and improve their margins.
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