- Hyderabad-based fintech Swipe is a simple billing and payments app for small businesses.
- It can help create invoices, purchases, and quotes in less than 10 seconds, and allows sharing payment links on WhatsApp so SMEs can get paid faster.
- The startup has raised $125,000 from the Y-Combinator 2021 batch.
If you are running a small business you know invoicing, inventory management, and customer relations can get tedious.
Swipe, a groundbreaking software designed to streamline business operations, does this for you.
Founded in July 2021 by the innovative minds of Sri Teja Allaparthi and Aditya Vemuganti, Swipe has quickly emerged as a favorite tool for small businesses, freelancers, and Indian startups.
Comprehensive Features for Seamless Operations
Swipe offers a plethora of features that cater to a wide array of business needs. From creating sales invoices to managing inventory in real-time, Swipe covers all the bases.
Users can generate sales returns, purchase invoices, purchase orders, estimates, and delivery challans with ease.
The platform's real-time stock management with Stock-In & Stock-Out options ensures businesses can keep track of their inventory accurately.
Moreover, Swipe includes advanced functionalities like barcode scanning and thermal printing, enhancing the efficiency of billing processes.
The software supports the addition of company details and logos to invoices, making customization effortless.
Security and Accessibility
Security is a top priority for Swipe. The platform employs "Bank Grade" 256-bit SSL encryption to store user data on its cloud, ensuring that sensitive information is well-protected.
Swipe assures users that their data is not shared with any external parties, providing peace of mind regarding privacy and data security.
Another standout feature of Swipe is its seamless synchronization between the web and mobile applications.
As long as users log in with the same mobile number, all data, including invoices, customer information, and items, will be synced across devices.
This ensures that businesses can operate smoothly whether they are on the go or in the office.
Unlimited and Cost-Effective Usage
One of the most attractive aspects of Swipe is its free usage model. Both the mobile app and web version are free to use for life, allowing users to create unlimited invoices, and manage purchases, quotations, customers, vendors, stock, payments, and expenses.
This cost-effective approach makes Swipe accessible to a broad range of users, from small businesses to freelancers.
"SMEs now, more than ever, want digitization and online presence for their business and we’re empowering them with technology,” Sri Teja says.
Versatility and User Control
Swipe stands out for its versatility. It supports multiple GSTINs for a single user, allowing businesses with different tax identifications to operate seamlessly.
The platform also facilitates the addition of multiple users, with customizable user role settings to control permissions.
This flexibility ensures that businesses can manage their operations efficiently, regardless of their size or complexity.
Furthermore, Swipe enables users to share invoices via WhatsApp, email, or invoice links, making communication with customers straightforward.
Payment reminders can be sent directly through the platform, and a comprehensive payment ledger allows businesses to keep track of outstanding payments on a single dashboard.
Backed by Industry Leaders
Swipe has garnered significant attention and support from industry leaders. In a notable seed round, the platform raised $2 million with backing from prominent investors such as CRED's Kunal Shah and Y Combinator.
This funding underscores the confidence that investors have in Swipe's potential to revolutionize business operations for SMEs in India.
Additional Functionalities and Recent Innovations
Swipe is continually evolving to meet the needs of its users. Recent updates have introduced features such as recurring invoices and subscriptions, SMS campaigns, export, and SEZ invoices, bills of supply, serial number and IMEI tracking, batch and expiry management, manufacturing and grouping, and more.
These enhancements make Swipe an even more powerful tool for business management.
Edited By Annette George
