Date: 21 February 2023
Author: FINTECH Circle

MoneySuite is a complete billing and payment platform for business of all sizes. With one subscription and no technical expertise, this platform provides huge savings in cost, time and effort for the business. 

How would you describe your business in one sentence?

We are award winning SMB and enterprise payment collection SaaS service.

Tell us why your company is a game changer for our industry?

We have created the first ever complete no-code SMB and enterprise payment collection platform. With our distinct technology suite our customers can 75% savings in processing costs and processing times.

What has been your biggest achievement to date?

We are product of what we have achieved with our small efficient team

• Launched the first ever no code complete payment collection platform and serving paying customer on our platform.
• Launched the enterprise API platform for Billing and Payments signed two enterprise customers within few months of launch.
• Create and launched unique technology for account receivable automation serving happy SMB customers.
• We have saved 1000s of pounds in commission costs for our customers.

Finally, we have recognised and short listed by several fintech communities recognising our payments and Open Banking technology

• Best Payment Industry Newcomer 2023 Winner
• Best Commercial App – Finalist
• Pay360 2022 Top 3 start-up pitch
• Best Open Banking initiative – Finalist

What has been the greatest challenge leading a start-up so far?

While we feel that we’ve excelled in areas such as product quality and customer satisfaction, our most significant obstacle to date has been securing funding during an economic downturn.

What’s your typical day like?

On my typical workdays, I wake up at 6 am and spend an hour doing yoga and some home exercises. I start work at 8 am and usually work until 6.30 pm, with most of my time spent in meetings with customers and team members.

Twice a week, I focus on product development, and I work with product designers and engineers on new features.

What is the biggest lesson you’ve learnt from your fundraising journey?

Due to the current market conditions, it is not possible to raise funds based solely on an idea and mission. That is why, at MoneySuite, we waited to start our fundraising until after we had released our live product and gained some traction and industry recognition.

Your advice to anyone starting out as an entrepreneur?

Stay focused and work hard with patience, things do happen over time.

Deva Balakrishnan, Co-Founder of MoneySuite

You can connect with Stacey Body on LinkedIn