By Amelia Isaacs on Friday 11 November 2022
Debite Pay will give companies the flexibility to use their line of credit to pay suppliers directly through bank transfers.
Debite is hoping to make life easier for early-stage companies by enabling them to send payments directly from their Debite corporate credit cards to bank accounts.
The London-based company is bringing credit cards to early-stage startups and companies with built-in instalments, allowing them to split payments up to 12 months.
Debite is now extending this flexibility even further by giving customers the ability to pay directly to bank accounts, broadening the range of payments and the number of merchants companies are able to pay.
“Having founded and invested in high-growth startups myself, I’ve personally experienced the deep frustration that can come from struggling to pay suppliers who insist on bank transfers and the big impact that can have on fueling growth,” Debite CEO Tayga Baltacioglu said.
“I know many founders will be excited to use this new product, and I’m delighted to be part of a team that is helping boost the growth of UK startups.”
Debite Pay will first be offered to companies in the UK market, providing interest-free credit for up to 35 days, with transfer fees starting at £5.
The same instalment feature is included in the new feature, giving companies the option to split payments over from three, six, nine or 12 months.