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Tola Company Information

Tola, a fintech company with locations in San Francisco, CA, and New York, NY, as well as remote operations, specializes in providing payment solutions within the fintech payments sub-industry. As a participant in the Y-Combinator W22 batch, Tola offers a range of services tailored to small and medium-sized businesses (SMBs) across the United States and Canada. The company’s product lineup includes a Starter plan that enables companies to send up to five free monthly transactions via bank transfers (ACH) and checks, with a nominal processing fee of 2.9% for card payments. More advanced offerings, such as the Basic and Pro Plans, include additional features like increased collaboration options, external accountant access, automation, approval flows, and integrations with popular accounting software like QuickBooks and Xero. Tola also provides innovative financial solutions such as the ‘Pay Later’ option for qualified businesses and the ‘Get Paid Early’ feature, currently available to a select group of companies. All banking services associated with Tola are provided by Blue Ridge Bank, N.A., ensuring that deposits are FDIC-insured. This suite of tools and services is designed to assist companies in managing their accounts payable and receivable, enhancing cash flow, and accessing working capital efficiently.

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