Y Combinator startup, Tesorio, incentivizes companies to immediately pay their vendor, freelancer and supplier. The seamless payment process benefits all parties in the chain - granting the large freelance community the choice of either a delayed or discounted immediate payment, the company a reduction in pricing and Tesorio a cut from the money saved. Similar characteristics as Sonovate in the UK
If you're a freelancer writing for a publication, you often have to wait around before you can get paid. Tesorio, a new startup coming out of Y Combinator, doesn't want you to wait 60 days to get paid money you've earned for work you've already done. Instead, the startup helps companies pay their suppliers, vendors, and freelancers faster by offering discounts to big companies for paying immediately. So instead of waiting 60 days to get paid $100 for a story you wrote for a magazine or for cloth you sold to a big t-shirt company, you can opt to get paid $99.40 to get paid immediately.