What Nickel does

Nickel (Nickel Technology Inc.) is a B2B cashflow platform founded in 2021 and headquartered in Brooklyn, New York, targeting "America's core businesses" — construction, manufacturing, wholesale, distribution, and service SMBs that send and receive large-value B2B payments. The platform unifies Accounts Receivable (invoicing, hosted payment pages, recurring invoices, autopay), Accounts Payable (bill pay, vendor onboarding, approval routing), and a banking layer (Nickel Balance, 2% APY on idle cash, FDIC pass-through via Grasshopper Bank N.A.), supplemented by a working-capital product (Nickel Capital) and an Open API. Penny, the company's AI finance agent, operates inside the user's email inbox to autonomously follow up on unpaid invoices, prep bills for approval, and generate reports.

The business model is freemium-led: the Core tier is free with unlimited ACH up to $25,000 per transaction; Plus at $35/month (paid annually) raises the limit to $1M, unlocks Penny, recurring invoices and autopay; Pro at $300/month targets high-volume businesses with the same features. Revenue is generated through interchange on card processing (2.9%), check fees ($2), wire fees ($25 across 135+ countries), and paid-tier subscriptions; ACH itself is structurally free, monetized indirectly through float and tier upgrades. Distribution is primarily self-serve/PLG via nickel.com signup with the QuickBooks app store as a key channel, augmented by enterprise demos and event-led vertical GTM (notably KBIS 2026 for construction).

Nickel has scaled to 25,000+ businesses and over $1B in annualized payment volume with a deliberately lean 1–10 person team, backed by ~$16.4M in disclosed funding across rounds in 2022, 2024 and October 2025, with strategic capital from Stanley Black & Decker and a syndicate of seed/early-stage VCs. The founding team — Ray Fu (CEO) and Claudio Wilson (CTO) — came from Stanley Black & Decker and Airbnb, anchoring the company's positioning around physical-economy SMBs that legacy fintech has historically underserved.

Name

Nickel

Legal name

Nickel Technology Inc.

Website

https://nickel.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Nickel is a B2B cashflow platform serving US SMBs in construction, manufacturing, wholesale and services, offering free unlimited ACH, accounts receivable and payable automation, banking, working capital, and an AI email finance agent.

Ownership category

akta.pro rank

Product category

B2B Payment Processing

SIC

Finance Services (6199)

akta.pro primary industry

Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC)

akta.pro secondary industries

Corporate Cash Management & Treasury ACH (FSAMAGAG), Cross-Border B2B2C Payouts (Mass Payouts, Gig/Creator, Marketplace) (FSAGAKAC), B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)

Keywords

• B2B payments
• Cashflow platform
• Accounts receivable
• Accounts payable
• Payment processing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Plans: Three-tier subscription model: Core (free) with basic features and $25,000 ACH limit, Plus ($35/month paid annually or $50/month monthly) with unlimited ACH up to $1M and advanced features like recurring invoices and autopay, and Pro ($300/month) with same features as Plus. Core plan includes 3 free users.
2. Credit Card Processing: 2.9% fee for credit and debit card payments including Apple Pay and Google Pay. Cards settle in 2 business days on Core and 1 business day on Plus and Pro.
3. Check Processing: $2 fee for mailed checks through the platform.
4. International Wire Transfers: $25 fee for domestic and international wire transfers to 135+ countries.
5. ACH Transfers: ACH payments are free with no transaction fees - this is a core differentiator and loss-leader for customer acquisition. Revenue is generated through premium tier subscriptions when customers need higher transaction limits.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Nickel is a B2B cashflow platform that enables American businesses to send and receive payments, manage accounts receivable and accounts payable, and access banking and working capital products. It offers unlimited free ACH payments, invoice automation, bill pay, vendor onboarding, and AI-powered finance assistance through its Penny agent, with seamless QuickBooks integration.

Product overview

Nickel is a B2B cashflow platform for America's core businesses offering Accounts Receivable (invoicing, payment links, recurring invoices, auto-pay) and Accounts Payable (bill pay, vendor onboarding, approval routing) as the core products, supplemented by Nickel Balance (2% APY banking), Nickel Capital (working capital), Penny AI Agent (autonomous finance agent in email), and Developer Tools (Open API). The platform operates on a tiered model: free Core tier with basic features, Plus tier ($35/month) for AI access and higher transaction limits, and Pro tier ($300/month) for high-volume users. Payment methods include unlimited free ACH, 2.9% card processing, $2 checks, and domestic/international wires across 135+ countries.

Differentiator

Problem solved

Functional benefit

Brands

• Penny: AI finance assistant that lives in your inbox, functioning as an AI bookkeeper that can follow up on unpaid invoices, prep bills for approval, and build reports on request.
• Nickel Balance
• Nickel Capital

Products and services

• Accounts Receivable Module for requesting and collecting payments from customers, including invoice creation, hosted payment pages, recurring invoices, and auto-pay functionality. Used by US B2B businesses to collect on outstanding invoices and accelerate cash flow.
• Accounts Payable Module for paying any business or contractor globally, including bill pay, vendor onboarding, and approval routing workflows. Used by US B2B businesses to pay vendors and contractors efficiently.
• Nickel Balance Banking feature earning 2% APY on idle cash with instant transfers. Funds are eligible for FDIC pass-through insurance up to $250,000 through Grasshopper Bank, N.A. ACH settlements can be instant when using Nickel Balance.
• Nickel Capital Working capital financing product that provides extra cash to grow businesses, offered to US B2B customers on the Nickel platform.
• Penny AI Finance Agent Autonomous AI finance agent that lives in the user's email inbox. Penny follows up on unpaid invoices, preps bills for one-click approval, and builds custom reports on request. Users CC Penny on emails as if she were a teammate.
• Nickel Developer API Open API for building custom workflows and integrating Nickel with any external system, enabling developers to automate payment workflows and sync data with their own platforms.

Quantifiable outcome

• Customers save $45,000+ annually and receive payments up to 10 days faster (Chicago Brass and Montaggio)
• +5 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability2 records

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Grasshopper Bank, N.A.coreOthersNickel partners with Grasshopper Bank, N.A., member FDIC, to hold and transfer funds. Funds in Nickel Balance are eligible for FDIC pass-through insurance up to $250,000 through Grasshopper N.A. The Nickel Debit Card is issued by Grasshopper N.A. pursuant to license from Visa USA Inc.
• QuickBooks OnlinecoreTechnology or IntegrationTwo-way sync for invoices, payments, vendors, and chart of accounts. Real-time reconciliation handled automatically. Integration is free on all plans and takes about 5 minutes to connect via OAuth.
• QuickBooks DesktopcoreTechnology or IntegrationSimple setup that supports all Desktop and Enterprise editions. November 2025 update enabled sync with QuickBooks Desktop, completing the integration suite.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bill.com: Public, scaled B2B payments and AR/AP automation platform serving SMBs and mid-market. Nickel's most direct head-to-head competitor, named explicitly in comparison marketing against Nickel's free-ACH positioning.
• Melio: B2B payments platform for SMBs focused on bill pay, invoicing, and ACH payments. Listed as a primary competitor on Nickel's comparison pages; similar QuickBooks-centric SMB customer base.
• Rho: B2B banking and corporate spend platform combining treasury, bill pay, and vendor management for startups and SMBs. Closely analogous product surface to Nickel Plus/Balance/Capital but skewed to venture-backed businesses.

Broad incumbents

• QuickBooks Payments (Intuit): Built-in payments layer of Intuit's dominant SMB accounting platform. Competes with Nickel for the same AR/AP workflows but is bundled into the much larger QuickBooks ecosystem that Nickel integrates with.
• Square (Block): Broad incumbent offering B2B invoicing, ACH, and card processing to SMBs via the Block ecosystem. Named explicitly in Nickel's competitor comparison pages; competes most directly with Nickel's paid processing tiers.
• Stripe: Global payments platform increasingly moving into B2B and SMB invoicing via Stripe Invoicing and Stripe Treasury. Named in Nickel's competitor list and targets the same broader developer-and-SMB audience.
• Brex: All-in-one business banking, cards, bill pay, and expense platform. Competes with Nickel on AP automation, corporate cards, and treasury while serving a higher-end customer segment than Nickel's SMB focus.

Emerging players

• Forwardly: Emerging B2B payment platform focused on free instant vendor payments and QuickBooks/Xero integration. Directly named as a Nickel competitor in comparison marketing; smaller scale but similar positioning.
• Modern Treasury: Developer-first payment operations platform for treasury and AR/AP workflows at mid-market and enterprise. Different in customer segment but comparable in AR/AP payment-rails abstraction and infrastructure orientation.

Others

• Plaid: Data connectivity layer used by fintechs to link bank accounts and verify financial data. An enabler/ecosystem player rather than direct competitor; relevant to Nickel as both a potential partner and a foundational infrastructure dependency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nickelhq

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nickel