ZenCash Launches, Tackles Business Receivables

Dallas-based Zencash, a new startup tackling the business market, said today that it has launched a service to help small business, freelancers, and others handle their receivables and getting paid. The startup--which is headed by Brandon Cotter--helps invoice customers, and follow a defined timeline to help businesses and freelancers to get paid. The service automates sending a thank you note, then an invoice, invoice reminders, then phone calls, and eventually to a collections agency partner if that invoice is not paid by a customer. The firm said it has partnered with Houston-based United Recovery Systems for the collection agency support, and also has tied with a network of specialized attorneys as a last resort.