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