Introducing the feature Fintechs were asking for

Lago, a company with deep roots in the Fintech ecosystem, developed a billing and monetization system for Qonto, a leading French Fintech firm, and has introduced a feature called "instant charges." This feature allows Fintech companies to collect fees immediately when transactions or actions occur, as opposed to the traditional method of collecting charges at the end of a billing cycle. This immediate fee collection, which is leveraged by companies like Wise, Razorpay, SumUp, and PayPal, enhances cash flow and reduces the risk of late payments, providing a competitive advantage to Fintech businesses. Instant charges are particularly beneficial for payment processors, neobanks, and Fintech API platforms, offering real-time fee estimations for end users. The feature allows for transparent pricing and can accommodate various pricing models, including fixed fees and transaction-based charges, thus supporting the diverse needs of Fintech companies in managing and optimizing their billing processes.