Reimaging how Business will work
Our Mission
Leverage AI and programmable money to give your business a competitive edge over those still relying on standardized solutions.
We've developed an innovative programmable payment platform that revolutionizes how businesses handle financial transactions. Our system enables seamless money movement within an organization based on predefined rules and conditions. This smart automation streamlines financial processes, significantly reducing the time and resources typically needed for managing payments. Using cutting-edge technology, our platform offers scalable solutions that grow with your business, leading to substantial cost savings and improved operational efficiency.
How we are doing it now
We’re already delivering results with BodyMindLife, a Sydney-based Yoga and Pilates studio that we are involved with.
Here’s how it works:
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When a student checks in for class through Wix Bookings, funds are automatically transferred to the teacher account based on pre-set rules.
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After the class, adjustments are made for retainers, bonuses or additional activities.
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Teachers then use the Kula App to instantly transfer their earnings to their bank accounts while meeting regulatory requirements like superannuation.
For the studio, this automation eliminates 8 hours per week of managing payments for 60 teachers and handling compliance tasks which translates into 3% of revenue as a starting point. It’s fast, transparent, and fully automated.
Why Choose Kula Digital
Kula Pay, our programmable platform, is dedicated to creating a win-win situation for all by allowing movement of money faster and with less risk, simplifying the complex task of managing business payments. We are committed to creating a hassle-free experience for small businesses, enabling them to streamline their payment processes and focus on their core mission, providing the support they need to continue helping the world
