Businesses currently using our platform.
The year our platform was launched.
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.
Our product features
The full platform accessible on mobile.
Custom supplier onboarding
Custom onboarding and training for your suppliers.
Record all transactions
Control of all orders and deliveries across the business.
Real time tracking
Real time tracking of all spend & payment activities across currencies & location.
Expert customer success
Our customer success team are always there throughout your time with us.
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.
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.
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.
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.
Fireside Chat - Lee Pruitt & Gurvinder Ahluwalia - Blockchain Summit London - 27th June 2018
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.
Blockchain Alternative Investment Conference - 19th June 2018
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).
BlockShow Europe - 28th May 2018
Lee Pruitt presents InstaSupply and the PayBlok token at Blockshow Europe in Berlin