Tola is a simple tool for businesses to pay all your vendors, suppliers or contractors bills. Use your existing bank or credit card, while vendors can get paid by bank transfer or check.
Upload an invoice, connect QuickBooks or enter it manually.
Pay bills by ACH or a card, deliver it via bank transfer or check.
Larger invoices can be paid 90 days later easily within Tola.
Reconcile all bills in real-time with your QuickBooks & Xero.
Collect all invoices from vendors in one place. Upload a PDF, create a bill or forward an email.
Pay a bill from your bank account with one click or send a check through Tola, both for free.
Defer payments and earn points or cashback by paying any bill with a credit card (2.9% fee).
Collect all invoices from vendors in one place. Upload a PDF, create a bill or forward an email.
Pay a bill from your bank account with one click or send a check through Tola, both for free.
Defer payments and earn points or cashback by paying any bill with a credit card (2.9% fee).
Tola will pay the vendor upfront, while you pay 30, 60 or 90 days later for a small fixed fee. No equity, no hidden costs, and no interest fees.
Tola will pay the vendor upfront, while you pay 30, 60 or 90 days later for a small fixed fee. No equity, no hidden costs, no collateral, and no interest fees.
Fees are dependant of a few factors: the length of the payment extension and your company financial history. Fees are set per company and per month (from 1% to 3%), calculated transparently before you pay in the total price as fixed one-time fee.
Tola is offering a pay later functionality for qualified businesses. This is determined based on our underwriting process. All you need to do is connect your accounting software and business bank account, while we get back to you in a few hours.
The limit is determined by our underwriting process, but normally it takes into consideration your company financial information and historical data. Limits can expand over time, as you use Tola more actively.
Connect all your business bank accounts and see your total cash balance in real-time.
Connect all your business bank accounts and see your total cash balance in real-time.
Connect your bank accounts and finance platforms in one place and see the total cash position in real-time, on-the-go.
The connection is done through Plaid, which means your information is shared and stored safely and securely. Neither Tola nor Plaid can view your bank login credentials or make any movements with your money without your explicit approval.
See all upcoming bill payments, get spending pattern insights and smart suggestions.
See all upcoming bills, get spending pattern insights and payment reminders.
Schedule any payment, to ensure that all your vendors are paid on time always. Get notified before your payments are due and send vendors smart notifications that payments are on the way.
Have an overview of all upcoming outgoing payments in one place to stay on top of your cashflow in one place.
Splitting larger payments and invoices over multiple instalments, capture early payment discounts, while always paying vendors on time.
Splitting larger payments and invoices over multiple installments, capture early payment discounts, while always paying vendors on time.
Within Tola, add or select an existing unpaid invoice. Select on how many instalments you want to split the payment (over 3 months), while Tola pays the vendor instantly. All your payments will be split in instalments that will be automatically deducted from your bank account via ACH.
Tola allows your split larger expenses over multiple instalments, allowing you to spread payments over multiple months, keeping more cash in your bank account. This gives you an opportunity to capture early payment or annual contract discounts.
Fees are dependant of a few factors: the length of the payment extension and your company financial history. Fees are calculated and set on the per monthly basis (from 1% to 3%), calculated transparently before you pay the total price as fixed one-time fee.
Create manual or automatic approval flows, to make sure all your spending is under control.
Avoid manual entries, just upload or forward a billto Tola and see all information extracted instantly.
Connect Tola with QuickBooks and Xero to automatically categorise and reconcile all bills.
Create manual or automatic approval flows, to make sure all your spending is under control.
Avoid manual entries, just upload or forward a bill to Tola and see all information extracted instantly.
Connect Tola with QuickBooks and Xero to automatically categorise and reconcile all bills.
All transactions and sensitive data is encrypted and protected by latest security standards.
We take extra precaution to put in processes and mechanism to prevent fraud before it can happen.
Our team is responsive, proactive and will help you get started to use Tola to the full potential.
Tola is the easiest way for SMBs to pay and get paid. We’re a financial technology company that provides SMBs tools and working capital on demand, all in one platform, to help them better manage their entire cash flow. With Tola, businesses can use the payment tool to pay their vendors, suppliers and contractors easily with a few clicks, giving the flexibility to choose a payment method to pay any bills - however they prefer: by bank transfer (ACH), credit card or check.
Additionally, Tola allows business to get access to simple flexible financing options within the tool itself, with no extra paperwork required. Deferring a payment from 30 to 90 days later, or splitting it into multiple instalments, gives businesses the ability to get more flexible and preferable payment terms from any vendor, while Tola pays them always on time, capturing early payment or annual discounts.
Tola connects to most major banks and accounting software providers like Quickbooks. This enables companies to make payments from your bank account, simplify and reconcile your bookkeeping easily, and gives Tola an ability to quickly underwrite to offer financing options fast.
Tola provides tools and services for businesses to save time and optimize their cash flow. We make it easier to pay, and get access to working capital. By providing financing embedded in the invoice payment flow itself, companies can eliminate archaic net terms and get extended net terms for any invoice they choose without long processes and endless paperwork.
Getting financing within Tola allows companies to get extra liquidity without giving out equity, take out predatory high-interest business loans and negotiate better terms with vendors and suppliers.
Companies with Tola can now sell products before they pay for them. Deferring or splitting longer term payments gives business more cash flow flexibility, more predictability, avoid late payment fees, capture early payment discounts and free up capital to invest in growth and R&D instead.
Tola can be used by any US-based business that needs to pay bills by bank, credit card or check from any supplier, contractor or vendor. Deferring or splitting payments in Tola is available for companies that underwrite based on accounting and banking data connections. We evaluate and set up limits for financing in a few hours and gradually expand them as you use Tola more.
While Tola bill payment features are suitable for any company, the best fit for Tola finance products are businesses that work in industries with long cash flow conversion cycles, where you need to pre-order inventory and supplies or want to invest in growth, while maintaining a healthy cash flow.
Tola provides free payments for companies using Tola for bank transfers (ACH) and checks, while credit card payments have a small processing fee (2.9% per transaction) - in return you can get cash back or rewards (or even get tax deducted).
Pay later with Tola fees are dependant of a few factors: the length of the payment extension and your company financial history. Fees are set per company and per month, calculated transparently in the total price as fixed one-time fee.
Tola is offering a pay later functionality for qualified businesses. This is determined based on our underwriting process. All you need to do is connect your accounting software and business bank account, while we get back to you in a few hours.
The total amount for bills you can pay later with Tola is determined by our underwriting process, but normally it takes into consideration your company financial information and historical data. All will be communicated in Tola and are enabled for invoices that are below that amount. The total amount is determined by your company’s financial information and historical data.
There are currently no platform or subscription fees for using Tola, but we might roll out subscription costs in the future for more complex automation needs.
No, that is not needed at all. When you are paying with Tola, all you need is a vendor e-mail and we will do all the work on getting the vendors information to easily receive your payment.
If you have the payment information from the vendor on hand, you can quickly process a payment through Tola and we will use the invoice reference number and your company name as an identifier, so they know the payment is coming from you.
Currently, Tola is working with a limited number of companies as we are building the future of B2B payments and cash flow management. If you are interested in trying out Tola, please sign up to our waiting list here.
Once you are invited to Tola, the only thing you need to do is quickly verify your company, connect your bank account and accounting software with a few clicks. This will be enable your company to make payments, reconcile and bookkeep all bills with Quickbooks and quickly get a limit to get invoice financing.
When you select Pay later with Tola and defer a payment for 30, 60 or 90 days or pay in instalments as a payment method for a bill, Tola will pay the vendor instantly, while you will receive an invoice on the scheduled deferred date, all directly within Tola.
Payment will be deducted on the scheduled date from your connected bank account, along with pre-agreed fee for extending the payment terms within Tola.
Tola is built by a team of experienced finance and technology veterans that built and grew products used today by tens of thousands of businesses worldwide and that move billions of dollars in payments processed every year.
We are financed by the world most renowned investors and founders behind the biggest and most successful financial technology companies in the world, including: Stripe, Paypal, Klarna, Checkout.com, Pleo, Coinbase, Square and many more.
Our payments are enabled by our banking partner Blue Ridge Bank (N.A., Member FDIC).
Sign up for our waiting list and be the first to know when we’re ready to launch.
