Invoice discounting is a financing solution that allows you to quickly unlock cash from your future trade receivables at a discount.

There are three minimum criteria to be eligible to sell your invoices. They are:

  1. The company must be registered with ACRA and have been in operation for at least 2 years
  2. The company have annual sales turnover of at least $500,000
  3. The company must have at least one existing customer who is a listed entity or large multinationals/corporations or government/quasi government entities

No, you need to submit application by contacting us through our platform and we will perform our credit and risk assessment to ensure the creditworthiness and integrity of the company. Examples are rigorous credit background checks, historical financials as well as anti-money laundering activities. We will aim to provide an approval within 5 working days from the submission date of all the required supporting documents.

There is flexibility to sell your invoices anytime you need to unlock cash. There is also no minimum amount to be sold and you only pay fees as you go.

No, each invoice will be reviewed on a case by case basis. We strictly only accept invoices against large corporations or government entities.

The interest rate of the invoice discounting is dependent on you and your customer’s creditworthiness as well as the tenure of the invoice’s credit term. The lower the quality of credit of you and your customer, the higher would be the interest rate that would be required by investors to compensate for the credit risk that they are taking. Similarly, the longer the tenure of the loan, the higher also would be the interest rate.

Depending on the creditworthiness, an appropriate range of target interest rates will be suggested based on the fair market rate. Once you have accepted the interest rate range and agreed to the terms of the listing and product features, the loan will then proceed to be listed on our bidding platform for auction. When the auction is in progress, investors will be allowed to bid for a portion of or the total loan commitment based on their acceptable interest rate return within the defined range set by you. At the end of the auction, all bids will be tallied and the interest rate that reaches a cumulative sum of the required funds raised will be the final effective interest rate applied to investors who won the auction. This interest rate will then be used to calculate the repayment schedule at the inception of the deal.

Once the auction has been concluded, the money could be disbursed to your account in maximum 3 working days after all the administrative processes have been sorted.

There are two types of structure that can be offered, depending on your preference and your relationship with your customer. Either structure carries different level of risk and credit protection to the investor. The types of deal structure are as follows:

  1. Assigned & notified: Upon inception of deal, we will notify borrower’s customer that the invoices have been sold by the borrower to the platform. Future repayments of sold invoices shall be paid directly to the platform’s account directly instead of the borrower’s.
  2. Assigned and non-notified: Upon the inception of the deal, the platform will have no direct access to notify the borrower’s customer and future repayments of sold invoices will be paid back to the borrower’s account, which then be transferred to the platform’s account and subsequently distributed to participating investor.

We will give a 10 days grace period from the expected repayment date for the customer to make payment. If no payment has been received after the grace period ends, then an additional interest rate of 1% per month will be applied to any outstanding balances beyond the grace period

We will classify a default as in arrear if it is overdue by over 60 days from the expected repayment date or beyond 90 days from the invoice date, whichever is earlier. We have the right to classify an invoice as in default before that time in the case of you or your customer in administration or liquidation, redirection of funds, or suspicion of fraud. In such cases, we will require you to buyback the invoice immediately.

Depending on the structure of the deal, we might need to contact the customer directly and notify of the sale. In a deal where the sale is notified and assigned, then we would notify the customer as well as require the payment to be paid directly to the platform’s account instead of through you. Other structure is possible but will carry higher risk to the investors, and hence will incur higher fees for you.

We only accept invoices that are denominated in SGD.