Invoice Interchange

lendingother lending

FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 08/09/2020

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About

InvoiceInterchange is an invoice trading marketplace, providing working capital solutions to fund business growth. InvoiceInterchange offers a fast and flexible way to finance businesses and allows companies to grow, pay bills or overcome seasonal cash flow fluctuations by freeing up cash locked up in invoices due 30, 60, or even 90 days.

MEDICI Analysis

InvoiceInterchange is an invoice trading marketplace that provides working capital solutions to business owners. InvoiceInterchange enables business owners to raise capital against their pending invocies that due up to 90 days.

Focus

PRODUCTS & SERVICES

P2P invoice financing platform for SME's.

REVENUE MODEL

InvoiceInterchange charges the seller of the invoice a transaction fee of 1.5% (average) for sold invoices and 20% of investors' gross earnings

EXISTING PARTNERSHIPS

Partnered with HR services firm HReasily.

PRIMARY PROBLEM SOLVED

InvoiceInterchange is a peer-to-peer invoice trading marketplace, providing working capital solutions to fund business growth. We are passionate about making business finance a better place – flexible, faster and price-transparent. What sets us apart is our speed and flexibility. There are no restrictive security arrangements, no hidden fees or minimum charges. Business owners are given complete control unlike existing traditional sources of finance.

company provided insights

Traction

REVENUE

$100k - $499

NUMBER OF TRANSACTIONS:

13 M

TRANSACTIONS VALUE:

142.31 K

TRANSACTIONS COMMENT:

Since our first transaction in August 2015, we have grown on average 17% month on month over the last 18 months. Our default rate is currently 0%

ACTIVE USERS:

150

ACTIVE USERS COMMENT:

91% of our customers do repeat business with us

People

BOARD MEMBERS AND ADVISORS

Chih-Han Yu

Brian Teng

Nalinee Chinowuthichai

Chun Jun Chai

NUMBER OF EMPLOYEES

1-10

company provided insights

Momentum

FUNDED

NO

LISTED

NO

Innovation Programs

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Invoice Interchange

About

InvoiceInterchange is an invoice trading marketplace, providing working capital solutions to fund business growth. InvoiceInterchange offers a fast and flexible way to finance businesses and allows companies to grow, pay bills or overcome seasonal cash flow fluctuations by freeing up cash locked up in invoices due 30, 60, or even 90 days.

Focus

PRODUCTS & SERVICES

InvoiceInterchange is a P2P invoice financing platform for SMEs. SMEs can raise funds in 24 hours by selling their unpaid invoice to a network of investors. Investors will then review and bid SMEs invoices, in a real-time, to advance money against the invoice in exchange for a discount fee.

REVENUE MODEL

InvoiceInterchange charges the seller of the invoice a transaction fee of 1.5% (average) for sold invoices and 20% of investors' gross earnings

TOP PROBLEM SOLVED

InvoiceInterchange is a peer-to-peer invoice trading marketplace, providing working capital solutions to fund business growth. We are passionate about making business finance a better place – flexible, faster and price-transparent. What sets us apart is our speed and flexibility. There are no restrictive security arrangements, no hidden fees or minimum charges. Business owners are given complete control unlike existing traditional sources of finance.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

We have plans to introduce Supply Chain Financing on top of Invoice Financing. Our Supply Chain Financing product allows businesses (large corporates) to lengthen their payment terms to their suppliers while providing an option for their suppliers to obtain early payments by selling off their invoices. InvoiceInterchange will fund the large corporate’s suppliers and turn their Accounts Payable into a revenue generator. We are also continuing our enhancement and refinement of our automated credit engine. Automation of our credit underwriting process enables us to scale up, effectively take on larger volume of invoices within a short period and make faster and better decisions.

KEY DIFFERENTIATORS

InvoiceInterchange is fast. SMEs can sign up online, sell an invoice with a few clicks of a button, and draw down funds in 24 hours. We're also fully flexible. SMEs can sell invoices only as and when needed. There are no monthly fees and no lock-ins. It's completely transparent; pricing is set in a real-time auction. And you are always going to know exactly how much you're going to pay before you get the funding. On the other hand, Investors get to invest in a secured, liquid product with high risk-adjusted returns. What makes our service unique is the work we’ve done to make risk-underwriting and ongoing draw-downs an easy and hassle-free experience. The high level of automation and the short-term nature of the product allows our company to get creative in assessing creditworthiness in ways that more vanilla lenders cannot. What we’re doing in underwriting is very different from what the banks are doing. We’re able to deliver decisions really fast – what we believe are superior decisions.

PRIMARY CUSTOMER TYPE

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

Customer facing

Other

STRATEGIC CLIENTS AND PARTNERSHIP

AccountServe : Accounting Firm

HReasily : Operation Partner

Traction

ANNUAL REVENUE:

$100k - $499

NUMBER OF TRANSACTIONS:

13 M

TRANSACTIONS VALUE:

142.31 K

TRANSACTIONS COMMENT:

Since our first transaction in August 2015, we have grown on average 17% month on month over the last 18 months. Our default rate is currently 0%

ACTIVE USERS/ACCOUNTS:

150 Million

ACTIVE USERS COMMENT:

91% of our customers do repeat business with us

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Online and Content Marketing, Google Ads, channel partnerships, events, networking

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

49

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Our team is our most valuable resource,the main reason for our success. Our team consists of highly qualified, deeply experienced professionals with real-world operating,industry experience. Brian, the CEO of InvoiceInterchange leads business development,strategy,oversees the continued growth of the company. Brian is also a qualified accountant. Nalinee, the COO of InvoiceInterchange leads technology strategy,development, as well as managing day-to-day business operations. We demonstrate our commitment to treating everyone with fairness,respect. The reliability of every member of our team gives our clients the confidence that they will always receive the best quality service, on time,budget.

BOARD MEMBERS AND ADVISORS:

Brian Teng, Nalinee Chinowuthichai, Chun Jun Chai

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Sep 2016
USD200 K
at a USD1.27 Mvaluation
Comment on Seed
Seed round involved 2 seasoned entrepreneurs who are CEOs of their successful businesses Sea Dragons Fund Limited Noble Supreme Holdings Limited Piggo Capital Limited