Y Combinator startup, Tesorio, incentivizes companies to immediately pay their vendor, freelancer and supplier. The seamless payment process benefits all parties in the chain - granting the large service provider community the choice of either a delayed or discounted immediate payment, the company a reduction in pricing and Tesorio a cut from the money saved.
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Tesorio wants to help vendors get paid faster
To incentivize companies to pay their vendors and freelancers faster, Tesorio gives them discounts for paying immediately. "This is beneficial for both the supplier, who gets paid immediately for the services they're already rendered, and the company, which gets a discount on their payment terms," Tesorio cofounder Carlos Vega told Business Insider.
