aifinyo is a smart billing partner that automatically processes the billing, financing and payment of invoices. The shares of aifinyo are listed on Xetra and in m:access, a market segment specifically for medium-sized companies within the open market of the Munich Stock Exchange. The Federal Financial Supervisory Authority (BaFin) supervises aifinyo finance as a financial service provider and aifinyo payments as a payment service provider.
The new model
With the new model, up to 50 transactions per month can be carried out at a flat rate. The annual subscription of EUR 29.90 per month is suitable for companies that regularly use international transfers, for example, to purchase goods. However, there is also another variant with a monthly term that is available for EUR 39.90. With this offer, there are also no additional fees for individual transfers. Settlements are based on previously reported and market-based exchange rates and the transfer amount is received by the payee within a few working days. At the start of the service, money from Germany in EUR can initially be transferred in GBP, USD, JPY, and THB.
Aifinyo has integrated international transfers at a flat rate into their smart billment ecosystem According to an Aifinyo representative, this primarily enables money transfers to business partners abroad. Invoice and liquidity management including financing solutions in the areas of factoring, fine trading, leasing, and receivables management make up the ecosystem with which the billing, financing, and payment of invoices are processed automatically.
How the international bank transfer service works
With the flat rate, the fintech aims to undercuts the conditions for transactions outside the SEPA payment area. With their international bank transfers, a company registers with aifinyo and transfers the money in EUR from its own account to the fintech. The exchange rate is locked in for a period of six hours. After receipt of payment, aifinyo then transfers the money in the desired currency to the supplier or service provider. The transaction is thus completed.
aifinyo payments, which operates the new service, is a wholly owned subsidiary of aifinyo and has a license for financial transfer transactions (ZAG) from the Federal Financial Supervisory Authority (BaFin). For aifinyo, the ZAG license is the basis for expanding the smart billment ecosystem with a wide variety of payment solutions. As a further building block, the service is intended to contribute to the goal of automating business processes.
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