Fintech: Invoice Financing
Background
A lot of SME’s are struggling with their cash flow as customers don’t pay their invoices on time. In fact, cash flow issue is one of the major causes for closing down of business. The idea is for business to get money from lenders against the amounts due from customers. Businesses can then pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full. Businesses pay a percentage of the invoice amount to the lender as a fee. Lender can receive their amount in full when customer settles the invoice.

Product Used
Customization
Seller put their invoices on the auction platform


Buyers bid the invoice for a discount
Sellers instantly get paid and improve their cash flow
