Invoice Interchange

lending | other lending

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175 VISITORS | 401 VIEWS

FOUNDING YEAR: 2015

LOCATION:

Singapore

REGION:

Last Update:
18 Oct, 2019

Global presence:

Singapore

Company priority:

We are hiring! Know anyone awesome?

Description

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.

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:

P2P invoice financing platform for SME's.

REVENUE MODEL:

Viewable by subscribers only

EXISTING PARTNERSHIPS:

Partnered with HR services firm HReasily.

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:

Viewable by subscribers only

PEOPLE

FOUNDERS:

Brian Teng, Nalinee Chinowuthichai

Board Members and Advisors:

Brian Teng, Nalinee Chinowuthichai, Chun Jun Chai

NUMBER OF EMPLOYEES:

1-10

FOUNDERS:

Brian Teng, Nalinee Chinowuthichai

NUMBER OF EMPLOYEES:

1-10

KEY EMPLOYEES:

CEO: Brian Teng

CTO: Chun Jun Chai

COO: Nalinee Chinowuthichai

TEAM COMMENT:

Viewable by subscribers only

BOARD MEMBERS:

Chih-Han Yu

TRACTION

Insufficient information for accurate analysis

ANNUAL REVENUE:

$100k - $499 in 2016

NUMBER OF TRANSACTIONS:

13 Million

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

ACTIVE USERS COMMENT:

91% of our customers do repeat business with us

LIVE USERS/TRANSACTIONS:

Viewable by subscribers only

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

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

CHANNEL STATUS

Viewable by subscribers only

NUMBER OF CLIENTS OR PAYING CUSTOMERS:

Viewable by subscribers only

MOMENTUM

Insufficient information for accurate analysis

FUNDING COMPLETED:

Viewable by subscribers only

TOTAL FUNDING:

$200 K

LISTED:

Viewable by subscribers only

FUNDING SERIES:

Seed

Sep 2016

$200 K

at a $1.27 Millions valuation

Comment on Seed

Viewable by subscribers only

Investors

Viewable by subscribers only Viewable by subscribers only Viewable by subscribers only

FOR INVESTORS

FUNDING NEEDED

$714.29 K

USES OF FUNDS RAISED

Viewable by subscribers only
Viewable by subscribers only

EXIT STRATEGY

Viewable by subscribers only

MONTHS LEFT WITH CURRENT CASH BURN RATE

Viewable by subscribers only

COMPETITORS

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Invoice Interchange

Description

FOCUS

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TRACTION

MOMENTUM

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Invoice Interchange

Description

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PEOPLE

TRACTION

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FOR INVESTORS

MOST VIEWED RESEARCH

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Innovation Programmes

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