New US paytech Hopscotch is looking to make invoicing, bill paying, reconciling and reporting hassle-free and “freakishly simple” for sole traders, small businesses and solopreneurs.
Hopscotch CEO Reed Switzer
The New York-based firm, founded by Reed Switzer (CEO) and Rick Kleczkowski (COO), promises to make it easier to keep track of what’s coming in and what’s going out, with instant, fee-free payments from customers and improved cash flow.
Hopscotch allows small businesses and sole traders to invoice customers through their Hopscotch profile or via e-mail.
“When your client pays, you get paid. Not in three days. Not in three hours. Instantly. And with no fees,” the company says.
Hopscotch users can manage accounts payable and receivable in one place, schedule payments, send reminders, create exports and integrate Hopscotch with accounting platforms such as QuickBooks.
The platform also provides monthly reporting features to provide a holistic view of a company’s transactions. Users can also export reports at any time.
Hopscotch also aims to prevent fraud by leveraging Plaid and the latest encryption and security technology, enabling businesses to pay and get paid without having to expose their bank information.
The start-up was founded in June 2021 and has raised nearly $10 million from 12 investors.
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