Company profile
FIZITInc
FIZIT provides immediate payment for confirmed deliveries of B2B products and services.
- Industry
- Financial Services
- Employees
- 3
- Headquarters
- Houston, Texas
- Founded
- 2023
- LinkedIn followers
- 145
- Office locations
- 1
FIZITInc company summary
FIZITInc is a company in the Financial Services industry, headquartered in Houston, Texas, founded in 2023. On LinkedIn the company has around 3 employees and 145 followers.
What technology does FIZITInc use?
No technologies detected yet. Warmrank rechecks company websites on a rolling basis.
About FIZITInc
Overview Why don’t we FIZITize? That is the question we want clients to ask. In other words, “why don’t we get paid immediately upon delivery in return for a small discount rather than waiting months with the associated expenses, disputes, and reconciliations? Seems like a no-brainer to me.” VISION: FIZIT was founded on the belief payments for industrial goods and services should and can be as efficient as a consumer buying gasoline – delivery is confirmed, transaction value established, and the payment process initiated within minutes. BUSINESS SUMMARY: With an initial focus on companies in the energy value chain, FIZIT is a financial intermediary providing supply chain financing; increasing the velocity of money in industry segments with historically lengthy payment cycles. Leveraging, IIOT, blockchain, smart contracts, artificial intelligence, machine learning, and innovative financing, FIZIT delivers next-day payment for confirmed deliveries of B2B products and services. Our ability to monetize transactions within hours of delivery, rather than after invoicing, sets us apart from other payment solutions. PROBLEM SOLVED: The B2B payments space is inefficient. Multiple manual steps plague payment processes, resulting in payment cycles of 30 to 45 days in a good case to more regularly, 60 to 90+ days in most cases. These payment delays lead to issues such as material reconciliation expenses, interest charges on carrying costs, opportunities for fraud, and the lost opportunity cost of funds not being available. Issues, such as these, are significant enough that, on their own, vendors often offer unsolicited discounts to encourage even two weeks of “quick pay” by their customers. VALUE PROPOSITION: By enabling immediate payment for products and services, FIZIT reduces a seller’s Days Sales Outstanding (DSO), increases supply chain health, and frees capital for accelerating growth or retiring debt.
Where is FIZITInc located?
FIZITInc lists 1 location.
Compare companies similar to FIZITInc
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| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
FIZITInc fizit.biz | Financial Services | 3 | 2023 | Houston, Texas |
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Frequently asked questions about FIZITInc
What does FIZITInc do?
Overview Why don’t we FIZITize? That is the question we want clients to ask. In other words, “why don’t we get paid immediately upon delivery in return for a small discount rather than waiting months with the associated expenses, disputes, and reconciliations? Seems like a no-brainer to me.” VISION: FIZIT was founded on the belief payments for industrial goods and services should and can be as efficient as a consumer buying gasoline – delivery is confirmed, transaction value established, and the payment process initiated within minutes. BUSINESS SUMMARY: With an initial focus on companies in the energy value chain, FIZIT is a financial intermediary providing supply chain financing; increasing the velocity of money in industry segments with historically lengthy payment cycles. Leveraging, IIOT, blockchain, smart contracts, artificial intelligence, machine learning, and innovative financing, FIZIT delivers next-day payment for confirmed deliveries of B2B products and services. Our ability to monetize transactions within hours of delivery, rather than after invoicing, sets us apart from other payment solutions. PROBLEM SOLVED: The B2B payments space is inefficient. Multiple manual steps plague payment processes, resulting in payment cycles of 30 to 45 days in a good case to more regularly, 60 to 90+ days in most cases. These payment delays lead to issues such as material reconciliation expenses, interest charges on carrying costs, opportunities for fraud, and the lost opportunity cost of funds not being available. Issues, such as these, are significant enough that, on their own, vendors often offer unsolicited discounts to encourage even two weeks of “quick pay” by their customers. VALUE PROPOSITION: By enabling immediate payment for products and services, FIZIT reduces a seller’s Days Sales Outstanding (DSO), increases supply chain health, and frees capital for accelerating growth or retiring debt.
How many employees does FIZITInc have?
FIZITInc has around 3 employees on LinkedIn.
Where is FIZITInc headquartered?
FIZITInc is headquartered in Houston, Texas.
When was FIZITInc founded?
FIZITInc was founded in 2023.
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