Platforms
Collect once. Settle every participant from the same ledger.
Platforms take in customer money and need to pay providers, partners and the platform itself without rebuilding the split each time.
The financial workflow
- 1Customer pays the platform
- 2Platform records the collection
- 3Shares are calculated for each participant
- 4Payouts move to providers and partners
- 5The original payment is reconciled
Where fragmentation occurs
Collections sit in a gateway. Payouts sit in a bank file. The record of who is owed what lives in spreadsheets.
How Setlo fits
Setlo Connect calculates the split on the inbound payment. Setlo Control gives the platform a live view of collections, reserves and settlements.
Example payment flow
Customer checkout
৳ 12,500
Platform fee ৳ 1,250
Service provider ৳ 9,500
Support partner ৳ 1,000
Reserve ৳ 750
Financial infrastructure for businesses across emerging Asia.
Money should be easier to run.
Setlo is building the system for it.