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Fintech startup turns invoices into a virtual credit card machine


 walletdoc, a successful South African fintech startup, has launched a new way for businesses to collect more money from customers using easy and secure online credit and debit card payments on invoices and statements.

Leonard Shenker, joint CEO of walletdoc comments, “Consumers are cash-strapped and this creates cash flow issues for businesses. By allowing consumers to pay accounts online and instantly by credit and debit cards, our merchants have noticed a dramatic increase in the speed and volume of payments which has improved their cash flow. In addition, there is a rise in invoice fraud in South Africa, where an invoice is altered to get a customer to pay for goods or services into a fraudster’s account. Using walletdoc eliminates invoice fraud risk.”  

In association with EasyPay, walletdoc to date has offered users a smart, secure and convenient way to pay over 400 of South Africa’s largest billers such as monthly subscriptions and utilities.

“Our network of payable billers is now growing exponentially with our new offering for all businesses which seek a smart solution to collect more money by offering online card payments,” Shenker says.

Businesses are able to sign up with walletdoc business in minutes. No system integration is required and walletdoc is compatible with any accounting system.