Invoice Interchange

Invoice Interchange

Lending | Other Lending
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  • FOUNDING YEAR: 2015
    LOCATION:
    Singapore
    REGION:
    Last Update:
    11 Jul, 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
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
Viewable by subscribers only
KEY DIFFERENTIATORS
Viewable by subscribers only
PRIMARY CUSTOMER TYPE
Viewable by subscribers only
PRODUCT ATTRIBUTES
Viewable by subscribers only
STRATEGIC CLIENTS AND PARTNERSHIP
Viewable by subscribers only 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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