Customer case
So Röyk secured capital to continue growing
Company name: Röyk
Home page: www.royk.com
Despite a growing customer base and stable revenues, the outdoor company Röyk struggled to raise capital on reasonable terms. The solution was Invoier’s model for dynamic risk assessment, which gave the company access to liquidity within 24 hours and enabled it to maintain its growth rate.
That's why Röyk Invoier chose it
Röyk had strong figures and loyal customers, but still faced conditions that did not reflect how the company was actually performing. Isabelle Persson, a co-founder of Röyk, wanted a funding partner that assessed the business for what it was, not according to old models.
– We knew our business was strong, but it didn't matter. The system saw us as high risk and we were made to pay accordingly, says Isabelle Persson, co-founder of Röyk.
Within 24 hours, Röyk had the capital on the account – instead of waiting several weeks for the customer's payment. This gave the company the space to continue growing without having to pause operations.
”As a small company, we don’t have the ability to sit on cash for several weeks after delivery, as we already incurred significant costs before even sending the invoice. Without this solution, we would most likely have had to resume running our hobby business.”
The challenge
As a small, growing company, Röyk didn’t have the margin to sit on cash for several weeks after each delivery, and costs always came before the customer’s payment, and as orders grew, that period became increasingly sensitive.
The solution
By selling their invoices to Invoier, Röyk instead gained access to the capital within 24 hours, instead of waiting several weeks for the customer’s payment. The assessment is made on an ongoing basis based on the company’s actual transactions as part of Invoier’s broader work to connect growing companies with capital through better, more dynamic risk assessment, which allows the financing to keep pace with the growth Röyk itself is experiencing.
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