Teya Launches Cashback Business Account to Automate Admin for 75,000 European SMEs

Quick Summary

The new Teya Business Account helps local businesses automate invoice payments and earn 0.5% cashback on all employee spending. By integrating bill pay, instant settlements, and expense management into a single app, Teya reduces administrative burdens for over 75,000 merchants across Europe and the UK.

How does the Teya Business Account automate SME admin?

The Teya Business Account eliminates manual data entry by automating invoice processing. Business owners can scan, upload, or email supplier invoices directly to the Teya App, which uses AI to read and prepare payments for approval. This "eyes on, hands off" approach ensures that verified account owners maintain total control while delegating the heavy lifting to technology.

• Automated bill pay via email forwarding or file uploads.
• Native accounting integration with Xero and QuickBooks.
• Role-based access for managers, staff, and accountants.

What are the benefits of Teya’s new cashback and settlement features?

To support local business growth, Teya has introduced instant payment settlements, allowing merchants to access funds from card transactions in seconds. Furthermore, the account offers 0.5% universal cashback on all day-to-day business spending via physical and virtual cards. This turns standard operational expenses into a new revenue stream for small businesses.

• Instant settlements available before the customer even leaves the premises.
• Unlimited virtual cards with personalized spending limits.
• Multi-site management with location-specific access for larger teams.

How is Fogo de Chão using Teya to streamline operations?

The Teya Business Account is already delivering measurable results for high-volume merchants like Fogo de Chão Soho. Serving 1,700 customers weekly, the restaurant has transitioned from midnight manual invoicing to a streamlined digital approval process. Partner Leonardo Previato noted that the platform has effectively returned his evenings by sorting complex supplier payments automatically while generating rewards on existing spend.

FF NEWS TAKE:

Teya is making a calculated move to become the central operating system for European SMEs. By bundling instant settlements with automated AP and cashback, they are attacking the fragmentation that plagues small business finance. This isn't just a bank account; it's a productivity tool. If Teya can scale this to their target of one million businesses, they will fundamentally shift the competitive landscape for merchant services in Europe.