Qwil is an automated payments and liquidity solution that gives vendors an early pay option in any approved invoice. Enterprise staffing at scale requires a host of features to be executed well. The enterprise needs to field regulatory concerns and audit risk over potentially misclassifying independent contractors. Enterprise procurement teams need a way to streamline vendor relations without sacrificing accountability.
Qwil offers liquidity as a service. It allows businesses to inject capital into their ecosystem by offering early payments to their suppliers attract new ones. Qwil allow suppliers to choose how and when they want to get paid, which keeps them engaged and loyal to the users. Long payment cycles and 30-60-90-120 day terms don’t affect their liquidity anymore.
CEO: Johnny Reinsch
Headquarters: San Francisco, US
Initial investment date: April 2016