Fintech solution

Industries:

FS-1

Business challenge

  • Low percentage of insurance payments, very late payments - it takes a lot of time from creating an invoice to receiving payment, lack of a unified method of collecting insurance fees, high labor cost for one paid insurance - reminders through calls, mail.
FS-2

The Challenge

  • Solve the main business problems without increasing the complexity for the business itself, without creating additional steps, optimize and automate the process of collecting funds for insurance.
  • To adhere to the highest security standards, as we work in the financial sector
  • Create a resilient, no-downtime system adapted to high and sharp load spikes
  • To provide such solutions for insurance clients that would ensure a significant acceleration of payments - from weeks to hours, maintain a high percentage of retention, do not burden with unnecessary steps
FS-3

What We Did

  • [ 01 ]We created two separate flows for clients and partners directly from the first screen. It helped to shorten the flow for people who are already aware of the project and those who can make a fast decision.
  • [ 02 ]We created two separate flows for clients and partners directly from the first screen. It helped to shorten the flow for people who are already aware of the project and those who can make a fast decision.
  • [ 03 ]Optional Transaction Fees You decide whether to cover transaction fees, charge them to the payor, or split them 50/50.
  • [ 04 ]Faster And More Effective SimplePin embeds a convenient “pay now” button in your invoice, taking your customer to a pre-filled payment form. Enter card or bank information, click load and pay, and it’s done.
  • [ 05 ]Optimized For All Devices SimplePin is optimized to work beautifully on smartphones, laptops, and tablets. Invoice, pay, and reconcile from anywhere.
  • [ 06 ]Recurring Payments SimplePin allows businesses to collect payments on a recurring basis, automatically sending a receipt and transaction invoice for every payment.
  • [ 07 ]Pre-Authorization Our dynamic scheduling system allows businesses to pre-schedule and automatically execute payments. Saving you time and effort.
  • [ 08 ]Automated Reminders SimplePin automatically sends billing reminders to your clients with outstanding invoices. Our real-time dashboard keeps you up-to-date on the status of all your payments.
  • [ 09 ]Multi Language and Currency SimplePin operates in English, French, and Spanish
FS-4

The Result

  • We have built a system that allows insurance companies with minimal integration and/or maintenance costs to get a significant increase in the speed of receiving payments, increase the conversion of paying customers, additional opportunities for scaling business, reducing the cost of receiving one payment, improving cash flow and tools for researching reconciliation reports . The quality of our product is confirmed by the recognition of such market players

12 HOURS

Invoices issued through this web app are paid, on average, within 12 hours.

50+ OPTIONS

Consumers can choose the payment method that works best for them.

70% ADOPTION

Clients see over 70% immediate adoption of the customer base

$8.95 BILLION

$8.95B+ premiums managed by clients utilizing this web app

FS-5

Technologies and Platforms We Work With

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Vision Statemen

At UpUp, we believe in the power of enduring partnerships over transient client relationships. Our vision is to forge long-term collaborations, focusing on a select group of clients. Our commitment is not only to address present needs but to anticipate future challenges, ensuring our clients are always at the forefront of technological advancements.

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