BluePenguin

BluePenguin provides electronification of a business customers' accounts payable. The market sometimes refers to this as ePayables, Vcard, etc., they are all fancy ways of saying "digital commercial payments". BluePenguin is defined in market terms as a "Program Manager". Unlike most program managers who license their technology from a legacy player, we have constructed our NEXTGEN native technology platform, Aurora ™ specifically for B2B commerce. Aurora ™ provides our customers with unparalleled functionality, business tools and security. In its simplest state, BluePenguin's commercial customers use our FinTech platform to convert a traditional vendor payment, ACH or check, to a digital payment which is highly secure, and compliant with network (MC, Visa or Discover) rules and standards. More importantly, it is always compliant with banking standards set forth by government. The technology-based products we offer are engineered and constructed to reduce friction of all commercial payments for customers from SMB to Enterprise level. This design is essential for our platform to be used by our partners in order to penetrate the massive commercial B2B vendor payments 19 Trillion (1). + USD market opportunity. Value added partners are our primary distribution method, they consume and distribute our products through to their commercial customers and portfolios, enhancing existing relationships. In BluePenguin's business vision, it is critical that our partners continue to own their customers relationships, not transfer them to us, white-labeled digital payments are a way to deepen the partners relationship with their existing customers and differentiate themselves with new/prospective customers. Aurora's™ design was created to support this approach, structured so we can support multiple layers of distribution partners and corresponding demand for our FinTech products. Our partners generate significant revenue for their firm, and, for their customers.