How lenders are leveraging payments automation
Payments loved by your customers and your finance team.
Payments automation can help you give your customers faster pay-outs and more ways to repay while enabling you to scale by streamlining your back office.
Three ways payments automation can become your competitive advantage
Deliver instant, flexible pay-outs
Remove settlement delays and batch-file processes by paying out via API in real time, improving borrower experience and boosting acquisition.
Increase repayment success
Offer more repayment methods and use automated smart-retry logic to maximise borrower choice, reducing failed payments and credit risk.
Automate reconciliation and back-office operations
Automatically link payments to the right borrower, update loan records faster, reduce manual reconciliation, and ease pressure on support teams.
We've got enough capacity in [our payments processes] that it is automated to scale 10x, 20x what it is today, and we know it will cope.
Multifi's mission is to simplify finance for small businesses. Thanks to Modulr's payments, funds can be in your account within 48 – 72 hours.
It’s just made that customer journey a lot slicker, smoother and faster, which has allowed us to invest more in customer experience, customer service, and hopefully, continue to grow the business.
