Invoice Interchange
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About
InvoiceInterchange offers you a fast and flexible way to finance your business and allows companies like yours 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. It is simple and straightforward - you choose the invoices you want to sell, as many or as few as you want, when you want and there are no charges when you dont. Cash is advanced to you in as little as 24 hours.
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.
Traction
COMPANY TYPE:
For Profit
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
INVESTORS:
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
1
TOTAL FUNDING
$200 K
DATE OF LAST FUNDING
Sep 2016
IPO STATUS
Private
ESTIMETED REVENUE RANGE
Less than $1M
SEED & PRIOR FUNDING
$200 K
SEED CLOSED ON
Sep 2016
SEED PRIOR FUNDING COMMENT
Seed round involved 2 seasoned entrepreneurs who are CEOs of their successful businesses
LISTED
NO
Web Traffic
MONTHLY VISITS
3,254
AVERAGE VISITS (6 MONTHS)
4,581.28
MONTHLY VISITS GROWTH
-40.09%
VISIT DURATION
17
VISIT DURATION GROWTH
-54.21%
PAGE VIEWS VISIT
1.64
PAGE VIEWS VISIT GROWTH
-3.72%
BOUNCE RATE
65.95%
BOUNCE RATE GROWTH
-5.78%
GLOBAL TRAFFIC RANK
3,282,588
MONTHLY RANK CHANGE
63,343
MONTHLY RANK GROWTH
1.97%
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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