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Perfect payments, intelligently automated.

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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

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

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