JITpay™ reaches the Baltic States
In addition to Germany, Poland, the Netherlands and the Czech Republic, the financial service and billing provider JITpay™, which specialises in logistics, now also meets the regulatory requirements for Latvia, Lithuania as well as Slovakia and is available there with immediate effect.
The FinTech from Germany, founded in 2016, continues to grow. JITpay™ now offers its SaaS product for the logistics industry to the fifth, sixth and seventh European countries. The core of the product is a specially developed digital order management with telematics and billing system.
A financial product for the immediate payment of invoices is integrated into this. Dr Daniel Steinke, the group’s CEO, describes this as follows: “In principle, all a haulier needs is a truck and an order, because all the commercial processing can then be done via JITpay™.”
Through the close cooperation with the freight exchange TIMOCOM, contractors can submit the order to JITpay™ directly when it is accepted. This saves contractors a lot of the commercial work.
The effects are enormous: JITpay™ automatically creates the invoices for all orders processed via the JITfleet™ order management system, sends them to the clients and pays the haulier in full within 24 hours of checking. JITpay™ thus not only takes care of the immediate payment of the service, but also the entire administrative process of billing, receivables management and the risk for freight loss.
The numbers speak for themselves: JITpay™ saw revenue growth of 220% in 2021, as well as customer growth of 277%. For the foreseeable future, the Braunschweig-based company is focusing on further countries, especially those with a high proportion of transport operators.
The numbers speak for themselves: JITpay™ saw revenue growth of 220% in 2021, as well as customer growth of 277%. For the foreseeable future, the Braunschweig-based company is focusing on further countries, especially those with a high proportion of transport operators.
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JITpay™ stands for Just In Time pay!
About us
JITpay™ is a financial service and billing provider specialised in the logistics industry.
JITpay™ pays your outgoing invoice within 24 hours of verification and optimises your commercial processes.
From order receipt to invoicing: JITpay™ provides not only immediate payment but also a complete transport management system:
With JITfleet™, orders can be managed quickly and easily: From the digital delivery receipt to automatic invoicing with immediate payment. If desired, JITpay™ can handle the entire commercial process.
In addition, JITpay™ bundles the billing processes for the clients. Within the framework of central accounting (ZAL®), JITpay™ takes over the accounting of all logistics costs for the client and combines them into a single invoice JITpay™ combines this with a specially developed financial product that enables immediate payment of contractors and flexible payment terms for clients.
Enough of long payment terms – Yes we pay!