Exchange-Driven Financing
BigCart was founded for a single reason: to simplify the old-fashioned methods of traditional Supply Chain Finance. In the past, buyers easily defaulted if payments were delayed by even one day. And, suppliers struggled to make ends meet if payments were costly and slow to arrive. These complex and inflexible processes not only resulted in a lack of working capital for all, but specifically created an unequal disadvantage for smaller, diverse suppliers.
Realizing the outdated and expended nature of traditional Supply Chain Finance programs, BigCart founders looked to create a better digital solution. With years of collaboration already under their belt, this team of compliance-minded experts developed a platform for quicker, more secure payments—leveling the playing field for small- and mid-sized suppliers.
The result is BigCart. Our proprietary solutions tap into the already existing data within the exchanges used by both buyers and suppliers, fostering greater sustainability, resiliency and diversity. By analyzing vast amounts of data, we confidently underwrite buyers based on past transaction history—providing them with needed payment flexibility—and disburse payments to their suppliers in a fraction of the time. And, our platform provides full transparency for all parties, automating timing, verification and routing procedures.
With BigCart, every party has better financial health for overall company success.
Leadership
Press Releases
FINTECH COMPANY BIGCART PARTNERS WITH OPENTEXT TO OFFER COMPANIES FASTER, EASIER, PAYMENT SOLUTION
August 16, 2022
BigCart, a FinTech company that provides a broad portfolio of innovative, secure B2B electronic payment solutions, today announced a strategic partnership with OpenText (NASDAQ: OTEX), (TSX: OTEX), a leader in information management, on a globally integrated supply chain information platform for small to medium-sized companies and middle-market suppliers.