PayKeeper is revolutionizing payment management with its Conditions-based Payments platform. By implementing Escrow at Scale, PayKeeper is able to hold funds until conditions are met (e.g. milestones), ensuring that each party is protected, even in the most complicated transactions. Additionally, customized payment protocols are used to directly pay all parties such as sellers, vendors, and subcontractors.

Industries benefiting from the PayKeeper platform are those with large scale, delayed settlement or payment based on performance/delivery; multiple stakeholders to the transactions; or industries that involve risk between parties. Construction, lending, insurance, marketplaces, law firms, sales companies and many others have seen substantial improvement in their operations by implementing the Conditions-based Payment platform. Additionally, the PayKeeper platform serves as an execution engine for complex and large scale use cases, where big data and AI decisioning produce large amounts of payment instructions and conditions that need to be implemented.

At its heart, PayKeeper offers real-time visibility into escrowed funds—something revolutionary. By automating disbursements based on contract milestones and maintaining meticulous records, they've created a system that eliminates frustrating payment delays while upholding the strict compliance standards required for licensed escrow operations.

• PayKeeper faced a significant challenge: how to get to market quickly with an automated escrow platform while meeting strict regulatory requirements and delivering the reliability essential for managing other people's money.
• They turned to Modern Treasury for its direct bank connections and integrated ledgering. By abstracting away the complexity of building and maintaining payment infrastructure, Modern Treasury allowed PayKeeper to focus on developing its core product with the precision and transparency its escrow services demanded.

Entering the highly regulated financial services landscape as a licensed escrow company wasn't easy. PayKeeper needed payments infrastructure that could support a quick launch while satisfying the stringent regulatory requirements facing financial fiduciaries.

"Given heavy regulations and the scrutiny we face from licensing bodies, there's little room for error when it comes to passing audits and meeting compliance standards," explains Christian Nye, Chief Product Officer at PayKeeper. They needed perfect transaction tracking while simultaneously accelerating their market entry—without diverting precious resources to build payment rails like ACH from scratch.

Beyond just meeting compliance, PayKeeper saw an opportunity to transform slow, opaque escrow processes. By offering automation around conditions-based payments and real-time visibility into funds, they could revolutionize the power of escrow, making it scalable and accessible to virtually any industry or use case.

Partnering with Modern Treasury enabled Paykeeper to reach the market faster, support audit-readiness and compliance, and deliver a more reliable customer experience. The direct bank integrations gave PayKeeper complete control over payment processing capacity and transaction limits, which were critical for maintaining a seamless customer experience without third-party restrictions.

As a fiduciary responsible for client funds, PayKeeper needed to track escrowed funds with exceptional precision. Modern Treasury's integrated ledgering enabled them to automate payments, reconcile account balances, and get real-time visibility into money movement. According to Nye, "Modern Treasury's integrated payments infrastructure and ledgering saved us from having to build our own ledger or integrate with a separate tool, allowing us to meet our fiduciary obligations and focus on delivering value to customers."

The partnership also provided essential scalability through flexible pricing and comprehensive API access, supporting PayKeeper's growth with a collaborative approach rather than just offering static services.

PayKeeper's implementation of Modern Treasury's platform has fundamentally changed how conditions-based payments work across multiple industries, especially for enterprise-level contractors in sectors like roofing and solar installation.

The streamlined process begins when contractors create dedicated escrow accounts governed by specific contract terms. The system clearly communicates deposit requirements and disbursement triggers, establishing transparency for everyone from day one. Throughout the project, PayKeeper's platform continuously monitors escrowed funds, ensuring they remain secure until predetermined milestones are verified.

By leveraging Modern Treasury's payment capabilities, PayKeeper has dramatically sped up payment cycles, reducing the traditional 6-8 week waiting period to next-day disbursements once milestones are verified. This advancement tackles one of construction's most persistent headaches while maintaining FDIC protection for homeowners' funds.

"Through Modern Treasury, we help contractors receive payments quickly and efficiently, eliminating the need to chase down funds for months," states Nye. "With our platform, once work is completed and milestones are verified, funds are immediately disbursed, ensuring contractors get paid the next day. This streamlined process not only protects homeowners' money but also resolves the cash flow nightmares that contractors typically face."

The partnership with Modern Treasury has enabled PayKeeper to achieve remarkable operational improvements that directly translate to market differentiation and happier customers. By removing the complexities of payments infrastructure, PayKeeper has accelerated their development timeline while staying focused on their core value proposition.

"With Modern Treasury, our team can focus on enhancing our product's features without needing to worry about the backend operations, which has significantly accelerated our time-to-market and enabled us to scale more quickly," notes Gunther Fischli, Co-founder and Chief Operating Officer at PayKeeper. This efficiency extends to their financial precision as well. "Modern Treasury's ledgers allow us to track the funds we hold down to the penny, ensuring they match our bank balance," explains Nye. "This precision provides our customers with the transparency and trust they expect when we manage their escrowed funds."

As transaction volumes grew, PayKeeper expanded their use of Modern Treasury's capabilities, including automated reconciliation, to scale their operations.

Looking ahead, PayKeeper is strategically positioned to extend their automated escrow solutions to additional industries while incorporating advanced AI and data analytics. Their platform is designed to receive money inputs from any number of payees, hold the funds, and pay them out based on thousands of conditions, creating opportunities to handle increasingly complex payment scenarios across diverse sectors.

"By applying AI and advanced data analytics, we can create customized, data-driven payment outcomes that meet specific needs—whether for insurance claims or complex B2B transactions—making us the ideal partner to execute these sophisticated processes across industries," says Fischli.

Modern Treasury's growing network of bank connections will support PayKeeper's expansion, enabling them to address increasingly sophisticated payment requirements while maintaining the security, precision, and transparency that define their value in the financial services ecosystem. Through this forward-looking approach, PayKeeper is poised to continue transforming payments with reduced risk, increased trust, and faster speeds across industries.