Factoring
Unlock capital already tied up in your invoices. With Invoier, businesses get flexible financing through a marketplace where multiple capital providers can compete to finance your invoices.
Advantages of choosing Invoier
Get paid quickly
Don't wait for the customer to pay. Sell an invoice and get the capital in your account within 24 hours.
International growth
Multi-currency financing makes it possible to release capital also from invoices to
international customers.
Price competition
Multiple capital providers can compete for your invoices on the marketplace, which creates the conditions for competitive pricing.
Administration
Invoier automates parts of the invoice workflow and gives you control over financing, payments and documentation in one place.
Fair & Flexible
Finance single invoices or use Invoier on an ongoing basis. No lock-in periods, hidden fees or volume requirements.
Funding ratio
By being matched with a broad network of funders, the proportion of your invoices that get financed increases.
What is factoring?
Factoring is a form of business financing where a company uses the value in its customer invoices to free up capital before the customer has paid.
What is the difference between factoring and a bank loan?
A loan is added to the company's balance sheet and must be repaid regardless of whether the customers pay on time. Factoring (invoice purchase) instead involves selling an asset the company already owns, the right to a payment already earned, and therefore involves no debt that must be repaid.
What is the difference between invoice purchasing and invoice financing?
Invoice purchase means that the invoice is sold. Invoice financing, on the other hand, means that the invoice is used as collateral for a loan.
Why do companies use factoring?
Factoring is used when a company's current costs, such as wages, purchases, and taxes, need to be paid while customers delay their payments, often 30, 60, 120, or more days. It is particularly common among growing companies, project-based businesses with large upfront purchase costs, and companies with seasonal variations in their sales.
FAQ
We already use factoring today. Why Invoier?
Invoier is the first transparent marketplace for invoice sales. This means there are numerous buyers in one and the same place competing to buy your particular invoice. Prices are driven down and you, as the invoice seller, get the best possible price. Invoier also handles the invoice administration towards your customers so that you don't have to. In addition to invoice financing, our risk engine helps to flag your company's invoices so that you can take action in good time if any of your customers are not expected to pay an invoice on time.
What does it cost?
As an invoice seller, you pay no fees other than the amount you are paid. The amount you receive for the invoice is based on the current market price. On average, this is 97–99% of the invoice amount and depends, amongst other things, on how attractive your invoices are to the platform’s various buyers. Invoier’s services are non-binding; there is no cost to register and there are no notice periods if you decide to leave.
Invoier always strives to provide small and medium-sized companies with fair capital. That's why we have built the marketplace in a way that it is never beneficial for us if you were to have a high financial cost - instead, it's in our interest to make sure you get the best price possible!
Additional info about fees
Interest on late payments for your customers in the event of non-payment or late payment: 18 % per annum
Reminder 1 fee for your customers in the event of non-payment / late payment: 6 €
Reminder 2 fee for your customers in the event of non-payment / late payment despite a reminder: 6 €
Collection fee for your customers in the event of non-payment / late payment despite reminders: 45 €
Invoier’s transaction fee: from 0.3 % (subject to a minimum of 50 SEK excluding VAT)
Handling fee for unfunded invoices: SEK 50 excluding VAT.
Do we have to finance invoices if we create an account?
The decision to sell an invoice is entirely up to you. Having an account with Invoier costs nothing, and you do not undertake to sell anything. No bindings, no hidden fees - we really only care that your company should be able to get as good a price as possible for the invoices you are considering selling.
What is required to get started?
For companies in the financial sector, there are special requirements for customer knowledge. When registering an account, we will therefore ask a couple of questions regarding your business. By automatically retrieving information about your company, we have designed the process so that it is experienced as simple and fast as possible for you. You confirm whether the information about your company is correct and answer a few additional questions (financing needs, expected invoice sizes, etc). Invoier's KYC process follows the requirements of the Act (2017: 630) on measures against money laundering and financing of terrorism and the Swedish Financial Supervisory Authority's regulations (FFFS 2017: 11) on measures against money laundering and financing of terrorism and follows the same structure that most institutions apply in their more or less automated KYC processes.
Interested in finding a setup that suits your company?
We provide you with advice on financing arrangements based on your company's circumstances, completely free of charge!