Amaiz, the UK-based B2C provider of financial solutions for the small business and entrepreneurial sector, announced the launch of a free version for its business plan.
Developed as an affordable alternative to high street banks and payment processing providers’ slow and expensive services, the new plan addresses vulnerabilities in existing banking channels. The company reported its own business plan adds an extra layer of protection for transactions as well as improves execution times and back-end integration.
The launch of the new plan is a move away from existing services, which are currently the standard for most financial institutions and are highly fragmented. The free version, its Starter option, boasts more functionality and freedom compared with its competitors, Iljas Stadniks, CMO at Amaiz, told IBS Intelligence, with a balance limit of £4,000 and charging only for transactions (£0.2 flat rate).
The main focus of Amaiz for its plan was achieving a symbiosis of enhanced security and utility for several types of users. Namely, small business operators, entrepreneurs and the self-employed.
Unlike many banking plans and services available today, Amaiz’s new plan is a full-service solution that handles payment processing, bookkeeping and expense management end-to-end. The company’s innovative solution takes existing banking services and streamlines them for small business owners, freelancers, and self-employed individuals who want a versatile and affordable solution.
The new plan is easy to use across devices and provides users with an interface and user experience similar to mobile applications currently in use. By adding optional integration with Slack, Amaiz allows users to benefit from further control of their workplace processes and financial transactions.
Amaiz’s new banking plan is developed with the goal to align communication, ease of transaction and security in a single vertical to reduce the fragmented nature of common financial applications. Thus solving the issue with expensive, slow and inefficient capabilities of banks and payment processors through an easy-to-use interface.
With Amaiz’s new plan, users can bring together fast, convenient business banking with smart back office and accounting tools. This offers the best value, along with the highest level of reliability and security, meaning user data, transactions, and information are protected. Collectively, Amaiz gives users secure access and flexibility to information they need, while ensuring increased speed and security of payment data.
The use of integration mechanisms and a multifaceted security system puts Amaiz at the forefront of addressing the threats and issues facing today’s financial worlds. The full-service, secure plan gives the account holders unprecedented access to and control of their accounts. Users’ app, card, account and personal data are protected on every level with a combination of video identification, Voice ID biometrics, 3D secure module and segregated accounts.
For small business owners, entrepreneurs and self-employed individuals, the new plan provides a single point of access for banking and accounting. It offers a more efficient and productive way to manage admin and payment processing 24/7 via an app featuring tools that work hard in the background, gathering and categorising all important data.
The main goal behind rolling out the new plan was to offer a fast, mobile banking solution backed by accounting support and back office smart tools. Designed to suit small businesses at every stage, the new Amaiz plan is considerably cheaper than existing solutions as well as easier to use and manage.
The Starter plan is a welcome addition to Amaiz’s current account for sole traders launched earlier this year. The goal of the company is towards making running a small business more manageable and affordable.
The account also offers Direct Debit management and contactless business cards.
About Amaiz
UK-based Amaiz is a Fintech startup with a simple vision — to develop financial solutions that are feature-rich and easy-to-use. The user-centric app provides best-in-class features and services with basic and advanced account management tools, multiple payment options, integration modules, an intuitive interface, and more — all in one application.
