Improve your cash flow in under 24 hours. Access between R10 000 and R5,000,000 in finance through our invoice financing partner.
The simplest way to finance your business
* Access up to R5M credit facility
*Repay over 1-24 weeks (6 months)
*Apply in 2 minutes
*Approval within 24 hours
Other benefits
* Unmatched flexibility- settle early without penalties. You will actually receive a discount for early settlement.
* Full transparency- No hidden fees or application charges. You will always know the exact cost and only pay for what you use.
* Maximum control- You decide how much to draw and when. You will have online access with a dashboard that you use to request funds.
Minimum Requirements
A registered company or close corporation in South Africa
Doing annual turnover of more than R500,000
Trading for longer than 6 months
There is no need to submit a business plan, a budget or a financial forecast. You also don’t have to be VAT registered.
How does invoice financing work?
Invoice financing turns your unpaid invoices into cash. It’s a form of financing where you can get an advance on funds that you’ve already invoiced your customers for. You borrow money against the amounts due from your customers.
How much does invoice financing cost?
You pay a single fee for each invoice advance you receive starting from 1.7% per month on the amount advanced to you. The fee charged depends on your business situation and the quality of your invoices and customers.
Why use invoice financing?
If you don’t have a long credit history, or assets it can be difficult to secure funding. This is a convenient and flexible way for you to deal with late paying customers. The online application process is quick simple and hassle-free.
How to apply
A. Create your free account
The first step is to create your free account with your business email address and mobile number. You’ll also choose a password which you’ll use, with your email to access your account in the future. Make sure to set a strong password and keep it secret.
Note: It is completely free to create your account and there are no commitments to sign up.
B. Give access to your accounting / banking data
This is how it works:
Select which accounting or invoicing solution you use to manage your business’s books (e.g. Sage, Xero, Quickbooks).
The system will direct you to your accounting solution’s website where you will be asked to log in. You will give our partner permission to access your accounting data.
You will then return to our partner’s site and your data will start importing in the back ground. You can now proceed to the final step of the application process.
The great news is that applying with your accounting data replaces the need to submit documents. This makes it possible to have your account approved within 24 hours.
C. Complete your company details
The system will fill in any company information it tracks from your accounting data. All you have to do is fill in the remaining empty fields and click the “Complete Registration” button. That’s it, your application is complete in 2 minutes!
The system’s algorithms will now collect and process your data. You should keep your eye on your inbox and look out for email. Once approved, you can login into your account and start withdrawing funds.
Don’t let slow paying customers put cash flow pressure on your business. Unlock value tied up in your unpaid invoices today. Apply online now – there’s no application fee and no commitment.