Teya

Teya: comprehensive payment solutions for local businesses

Teya positions itself as a partner for managing payments and finances for local businesses. Its offering combines card machines, a business account and access to funding, with the aim of enabling merchants to accept payments and manage their money from a single ecosystem. The company operates in Europe and states that more than 75,000 businesses have switched to its services and stayed with them.

Card machines and in-person payments

The range includes card machines designed to speed up payments. The Teya Pro model is described as the company's flagship, designed for high-volume counters. Its features include more than 14 hours of continuous use, compatibility with any existing EPOS system, 4 GB of RAM, a 2.0 GHz processor and an NFC sensor built into the screen. The company states that the average response time of its terminals is under two seconds.

In addition to in-person payments, Teya offers solutions for remote and online payments: Tap to Pay on iPhone and Android, online payments via Pay by Link, plugins, Hosted Checkout and embedded components to integrate its gateway into digital stores.

Business account and money management

Teya's business account lets you manage your business income and expenses. Funds are available for use approximately five seconds after the sale thanks to instant settlements. The account includes multiple cards with employee assignment, defined spending limits and up to 0.5% cashback. It also includes tools for paying bills: the user can photograph an invoice and the system automatically fills in the supplier, amount and due date for approval. Accounting can be synced with Xero and QuickBooks, avoiding manual exports.

Cash management is complemented by the ability to create savings pots with interest and instant access, backed by an authorised UK bank.

Flexible funding

Teya offers two types of funding: Cash Advance, an advance against card sales, and Flexi Loan, a loan that adapts to the business's activity. Both are pre-checked using data from the Teya platform itself. The company states that a decision is made within 24 hours and that it does not affect your credit score.

Teya App and analytics tools

The Teya app unifies payments, balance and information in a single access point. It includes sales analytics by store, as shown in the example on the website itself with data from Covent Garden, West End Walk and Soho Square. It also includes Teya AI, an assistant that lets you ask about things like sales trends or drafting responses to Google reviews.

Integrations and support

The platform integrates with existing EPOS systems and accounting tools such as Xero and QuickBooks. Teya offers 24/7 support and ensures that calls are answered in under ten seconds. The company states that it has an excellent rating on Trustpilot.