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Corporation
INTERNET | Internet Software & Services / Payments
cayan.com

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Stage

Acquired | Acquired

Valuation

$0000 

About Cayan

Cayan, fka Merchant Warehouse, is a payments technology company that has created a fully‑configurable cloud‑based solution for payments that unifies all customer touchpoints.

Cayan Headquarter Location

1 Federal Street Second Floor

Boston, Massachusetts, 2110,

United States

844-278-7115

Latest Cayan News

Biller Genie Secures $3.5 Million in Seed Funding

Aug 24, 2021

Biller Genie , an award-winning cloud-based Accounts Receivable (A/R) automation platform, announced it recently completed a seed round of $3.5 million, led by American entrepreneur Henry Helgeson , the founder and CEO of Boston-based fintech enterprise, Cayan. Additional investors include Newtek Business Services Corp, Omar Soliman, co-founder and CEO of College HUNKS Hauling Junk & Moving, Shai Stern, co-chairman & CEO of CheckAlt LLC, Harish Nataraj, Managing Director at York Capital Management, among others. This represents a significant milestone for the startup, which has been bootstrapped since its inception by Founder & CEO, Tom Aronica. “We are truly grateful to have the support of seasoned fintech executives and successful entrepreneurs who validate the growing need for our solution in the marketplace,” said Aronica. “Closing this round takes us one step closer to exceeding our growth objectives by fast-tracking our expansion and development plans,” he added. The company plans to use the growth capital to scale operations, accelerate distribution and speed development of new features, such as a Cryptocurrency payment option that they expect to launch this fall. Biller Genie was founded in 2018 by Aronica, a well-known South Florida fintech entrepreneur, who realized that small businesses in the United States face a universal problem – that their payment systems do not connect to their accounting software, causing labor bottlenecks and a poor customer checkout experience, ultimately leading to cash flow issues. Aronica’s answer with Biller Genie is an agnostic SaaS platform that seamlessly connects all major payment processing platforms with popular accounting software such as QuickBooks and Xero, automating back-office invoicing workflows and providing a white-labeled, frictionless buyer checkout experience. As a result, Biller Genie helps businesses experience a shorter invoice-to-cash cycle, a 40% reduction in overdue invoices, and gain back countless hours of wasted administrative busywork that is still performed manually by 90% of businesses worldwide. Since officially launching its SaaS model in early 2020, Biller Genie has experienced tremendous growth and projects to be managing over $2 billion per year in invoice volume by the end of 2021. “Accounts receivable platforms like Biller Genie are changing the way small and medium sized businesses interact with their customers,” said Omar Soliman , co-founder and CEO of College HUNKS Hauling Junk & Moving, the nation’s fastest growing moving and junk removal business with a current network of over 150 franchise partners in the U.S. “The enormous demand Biller Genie has seen in the last year is validation of the impact and value it brings to all stakeholders in the revenue cycle ecosystem, and I am proud to support such an innovative team and help position them for further success,” added Soliman. In its first year alone, Biller Genie has collaborated with PNC Merchant Services and secured national distribution partnerships with Newtek Merchant Solutions, Xendoo, Company.com (through its digital experience platform), and AccountingDepartment.com, among others. Additionally, Biller Genie received multiple awards and recognitions including 1st place in the 2020 Miami Herald Startup Pitch Competition (fintech category), 2019 CPA Practice Advisor’s Technology Innovation Award, 2021 eMerge Americas Startup finalist, 2021 US FinTech Awards finalist, and participated in the 2019 Money20/20 Startup Academy and the Electronic Payment Association’s NexTen program at TRANSACT.

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Expert Collections containing Cayan

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cayan is included in 3 Expert Collections, including In-Store Retail Tech.

I

In-Store Retail Tech

1,304 items

Startups aiming to work with retailers to improve brick-and-mortar retail operations.

P

Payments

1,486 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

6,976 items

US-based companies

Cayan Patents

Cayan has filed 3 patents.

The 3 most popular patent topics include:

  • Mobile payments
  • Online payments
  • Payment service providers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/10/2012

4/30/2019

Payment systems, Payment service providers, Mobile payments, Online payments, Transaction processing

Grant

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00/00/0000

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Application Date

12/10/2012

00/00/0000

00/00/0000

Grant Date

4/30/2019

00/00/0000

00/00/0000

Title

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Related Topics

Payment systems, Payment service providers, Mobile payments, Online payments, Transaction processing

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Status

Grant

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