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InstaSupply is Digitizing B2B Supply Chains

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Key metrics

  • 2300

    Businesses currently using our platform.

  • 2015

    The year our platform was launched.

  • $60,000,000+

    The total value of transactions handled annually by our platform.

How does InstaSupply work?

The InstaSupply platform

Aiming to improve how quickly businesses pay and get paid, InstaSupply is a cloud platform which allows businesses to track and control spend across suppliers. We bring together purchase ordering; approval workflows; budget control; delivery tracking; supplier and product management; secure invoice and credit document storage and data collection; accounting reconciliation; and payment control.

A sizeable problem

Small businesses have $20T+ in outstanding receivables, take an average of 60 days to get paid, with 50% still paid late. Options for solving these challenges are expensive and limited, but InstaSupply is already involved in tracking and reducing this kind of issue.

A working solution

The InstaSupply platform is already supporting the trade of over 2300 businesses, and is growing daily. By allowing businesses to match purchase orders to deliveries, and finally to invoices, we provide them an opportunity to control which of those invoices should be paid, and which require further investigation. What's more, with our Payment Run product, businesses can group together the approved invoices, apply any outstanding supplier credit, and generate a list of payments to be made to suppliers through their traditional banking services.

Screenshot of the InstaSupply platform

Our product features

  • icon phone

    Mobile interface

    The full platform accessible on mobile.

  • icon handshake

    Custom supplier onboarding

    Custom onboarding and training for your suppliers.

  • icon archive

    Record all transactions

    Control of all orders and deliveries across the business.

  • icon star

    Real time tracking

    Real time tracking of all spend & payment activities across currencies & location.

  • icon paper plane

    Expert customer success

    Our customer success team are always there throughout your time with us.

  • icon thumbs up

    Custom approvals

    Custom mapped approvals for all purchases and invoices.

Want to see the InstaSupply platform in action?

You can register for a demonstration with one of our sales team members.

Book a demo

Leadership

Tim Huegdon

Co-founder and CIO/CTO

Tim has over 17 years experience working as a senior web software leader and developer. His work history includes upper managerial technical positions at Amazon, Yahoo! UK, Betfair, as well as Rentokil Initial.

Lee Pruitt

Co-founder and CEO

12 years commercial experience selling B2B ecommerce and eprocurement solutions. Lee led global B2B eprocurement solutions for Grainger (the world’s largest B2B e-retailer) and started Tizaro, the largest online European ecommerce B2B distribution.

Lee Pruitt & Tim Huegdon discuss blockchain

Co-founders Tim Huegdon and Lee Pruitt talk about how InstaSupply plans on using Blockchain to change the way businesses buy and sell.
Contemplating the imminent death of the invoice and personalised currencies, it's an exciting ride we're on.

Tim & Lee discuss search technology

Co-founders Tim Huegdon and Lee Pruitt talk about how using Search technology to deliver actionable intelligence and why tech adoption is clearly influenced by interfaces...or the lack thereof.

Media coverage

    Taking the tokenization of trade finance to its logical conclusion, Lee Pruitt, the CEO of ethereum-based startup InstaSupply, said the whole process can be opened up so that banks are no longer required to loan money against invoices.
    The Amazon Of B2B, InstaSupply, Aims To Run A Full Blockchain Transaction Paid For In Cryptocurrency
    The company is looking at blockchain technology to streamline invoice payment, purchase orders and other procurement necessities.
    InstaSupply keeps all your invoicing ducks in a row.
    Regardless of the size of your business, it’s crucial that you know how to identify and eliminate instances of fraud

Lee Pruitt as panellist @ London Fintech Week - 11th July 2018

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InstaSupply CEO Lee Pruitt was on panel that discussed Blockchain in Finance & Enterprise.

He was joined on stage by Stewie Zhu (Distributed Credit Chain),Vikram Kimyani (Oracle), Ajit Tripathi (ConsenSys) and Ben Wyeth (Royal Bank of Scotland)

Lee Fintech week panel

Tim Huegdon as panellist @ London FinTech Week - 11th July 2018

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InstaSupply CTO Tim Huegdon was on a panel discussing the future impact of Blockchain on our society and the growth factors involved.

He was joined on stage with Daniel Doll-Steinberg (Atari.Token), Adam Stradling (BitcoinCom) and Ashley Fox (SW England & Gibraltar MEP).

Tim Fintech week panel

Lee Pruitt interview with Proactive Investors Stocktube - 10th July 2018

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Lee Pruitt was interviewed on Youtube Channel Proactive Investors Stocktube, presenting InstaSupply's solution for helping businesses get paid faster.

Lee Pruitt as panellist @ Techcrunch Sessions Blockchain - 6th July 2018

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InstaSUpply hosted a discussion panel where Lee Pruitt, Michael Jackson (Mangrove Capital Partners), Jamie Burke (Outlier Ventures) and Joon Ian Wong (CoinDesk) discussed how crypto assets are the real financial innovation.

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Lee Pruitt as panellist @ The Europas - 3rd July 2018

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Lee Pruitt joined a panel discussing tokeneconomics, alongside Thomas Graham (CEO @ TLDR Capital) and Ami Ben David (Co-Founder and Managing Partner @ SPiCE Venture Capital).

Lee Pruitt as panellist @ Blockchain Summit London - 27th June 2018

BAIConf
Lee Pruitt joined a panel discussing the short and long term potential for cryptocurrencies.

With him on stage were Matthew Farrar (BBC), Mehrak Hamzeh (CryptoFuse), Gurvinder Ahluwalia (Beyond Protocol) and moderator Bob Keith of Crypto Disrupt.

Fireside Chat - Lee Pruitt & Gurvinder Ahluwalia - Blockchain Summit London - 27th June 2018

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Lee Pruitt (InstaSupply) & Gurvinder Ahluwalia (Beyond Protocol) discuss the place of crypto assets within blockchain.

The discussion focuses on the opportunities for using Distributed Ledger Technology for asset tokenization, beyond the typical use of DLT as cost-cutting efficiency play.

Lee Pruitt as panellist @ The Pathfounder - 22nd June 2018

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Lee Pruit joined Mike Butcher (editor @ Techcrunch), Edan Yago (CEO @ Reserve) and Javed Khattak (CFO @ Humaniq) for a panel discussion titled Blockchain: Banking the Unbanked

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Lee Pruitt as panellist @ the Blockchain Alternative Investment Conference - 19th June 2018

BAIConf
Lee Pruitt takes part in the panel "Peering into the future: revolutionary Fintech Applications on the Blockchain", alongside Olga Feldmeier (CEO @ Smart Valor), Jonathan Chang (CEO @ Nauticus) and moderator Joon Ian Wong (Managing Director @ Coindesk).

Tim Huegdon presenting InstaSupply @ Blockchain Economic Forum - 18th June 2018

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Tim Huegdon presents InstaSupply and the PayBlok token at the Blockchain Economic Conference in San francisco.

Tim Huegdon as panelist @ Blockchain Economic Forum - 18th June 2018

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Tim Huegdon was on a panel discussing investments and value drivers of the Blockchain economy.

Joining him in the discussion were Kevin Ding (DHVC), Adam Draper (BOOST VC), Dinis Guarda (LIFESDNA), Croom Beatty (MENLO VENTURES) and Luke Lombe (PLAYUP).

Lee Pruitt presenting InstaSupply @ BlockShow Europe - 28th May 2018

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Lee Pruitt presents InstaSupply and the PayBlok token at Blockshow Europe in Berlin.

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