Small business live or die on cash flow.
Small business owners are the dreamers, the builders and the relentless doers that are the backbone of our economy, providing 50% of the jobs in the US, powering our communities and carrying the weight of complexity. Receiving payment for the products and services they have already provided determines whether employees get paid, whether inventory can be restocked and whether the doors open the next day. Cash flow problems are to blame for 82% of small businesses that shutter for good.
The lag time of manual payments puts even more pressure on small businesses trying to stay afloat. We have found the average delay for a check-based payment for a small business is about 10 days. A landscaper might finish a $15,000 job but not receive the money in time to cover payroll and restock materials for their next project. The delay forces them to dip into a credit line, delay supplier payments or postpone new work, just to stay afloat.
This is a common scenario for tens of thousands of U.S. businesses. A PYMNTS.COM report found nearly a third of small businesses are stuck with manual payment processing, delaying two thirds of their revenue. A staggering $6 trillion in small business payments in the U.S. still move through the mail as physical checks.
A 10-day delay is not compatible with the speed and flexibility that small businesses need to survive and grow. This is an infrastructure problem we want to solve. BillGO's mission is to make payments simple for small businesses. And we've already built the tools and infrastructure to make it happen and process billions of dollars to help businesses survive and thrive.
How We Got Here
This wasn't where BillGO started. What began as a consumer-facing bill pay solution has evolved into something more impactful. As BillGO's technology gained adoption, it became clear that the greatest value was the network and payments infrastructure. For the network, specifically, we're helping small businesses get paid quickly and with certainty. We realized that the ability to identify checks that are headed to small businesses before they are even printed and accelerate those transactions into guaranteed digital payments was a game-changer. That insight sparked a new strategic direction focused on building the infrastructure that enables small businesses to accelerate their cash flow, automate reconciliation and plan for growth with greater confidence.
This capability became the foundation for BillGO Exchange. The platform integrates with existing bank infrastructure, requiring no extra setup from the small business. It also syncs with accounting platforms like QuickBooks, automatically reconciling incoming payments with invoices and records within the tools that small businesses already use. That level of integration removes a major administrative burden from business owners, giving them back time and reducing errors.
One of the most powerful aspects of BillGO Exchange is how simple it is for small businesses to get started. There is no software to install, no disruption to daily operations and no added costs. Once enrolled, payments arrive digitally and can be automatically reconciled into accounting systems. It's a seamless experience designed to reduce friction, free up time and deliver the funds small businesses are owed, fast and reliably.
BillGO Exchange empowers businesses to process same-day bill payments with unparalleled simplicity, speed and security. Without the need for additional costs or system overhauls, BillGO transforms paper checks into reliable digital payments, ensuring businesses get paid in minutes, not days. The platform's self-service portal simplifies reconciliation by automatically aggregating payments, thereby eliminating tedious manual tasks. Moreover, with 100% guaranteed payment funding, businesses can operate with confidence, knowing that he risk of fraud and bounced checks is significantly reduced.
A major reason this system works is the scale and reach of BillGO's network. We work with nearly 100% of U.S. financial institutions, and through BillGO's proprietary Artificial Intelligence, we identify small businesses that still receive paper checks and aggregate them across the banks, credit unions and major business-to-business Accounts Payable providers. Each business must actively opt in, but once enrolled, the experience is fully automated.
Just as vital to getting payments to small businesses as fast as possible is security. Every transaction that moves through BillGO's system is guaranteed. With a 10-day lag in physical, manual payments, a single bounced check is all it can take to create a cascading disaster for a small business trying to stay afloat. Our system eliminates the risk of bounced checks and non-sufficient funds, ensuring that when a small business receives money, it can count on it. Fraud controls and KYC protocols are deeply embedded in the platform, drawing on both external validation partners and BillGO's internal monitoring systems.
In short, we're building on years of tech development and financial partnerships to become the payments accelerator for small business receivables. But why?
Addressing a Critical Need
The truth is that payment processor leaders don't make small businesses a priority. The hyperscalers see money in serving big businesses, enterprises and institutions, because that's where the money is. This isn't a bad thing, but the payment needs of these types of businesses are very different from the solopreneurs and small businesses we work with.
You could call it an underserved niche. But small businesses comprise about half of U.S. jobs. There is real, pent-up demand for what we do, and we see it in the numbers.
BillGO's renewed focus on small businesses is already working. The company has grown from enrolling 100 small businesses per year to more than 2,500 per month. It now serves 75,000 small businesses directly and through strategic partnerships.
The timing could not be more critical. Economic uncertainty continues to squeeze businesses that operate on thin margins. Cash flow volatility threatens livelihoods. BillGO Exchange can give business owners control. Accelerated payment processing means the ability to plan for tomorrow, and to say yes to the next job, knowing the last one is paid up.
We are in a unique position to help small businesses make their dreams come true while we make our dreams come true by serving them.
In the coming months and years, you can expect BillGO to continue expanding our B2B payments provider integrations, streamlining our onboarding process and further enhancing our reconciliation capabilities. We want to do everything we can to eliminate any friction for a small business receiving the money they're owed.
We can't wait to show you what's next. And we can't wait to hear about the opportunities that modern, digital payments will unlock for our users.
