Fintech company Invoier's Payment Time Index shows that August is the month when larger companies are the latest with their payments. On average, each invoice is paid 3,5 days late, which can have a negative impact on small and medium-sized companies with larger companies as clients. The trend is recurrent and can be displayed yearly as of 2016, when the index started measuring.
Larger companies, with more than 250 employees, are constantly late with payments all months of the year. But in August each year they are even later, increasing relatively with 143% to the yearly average, the index shows. The index is based on more than 45 000 companies and over 1,5 million invoices between Swedish companies.
Betaltidsindex av Invoier

We have launched the Payment Time Index in order to strengthen the smaller business owner in dialogue with larger clients who demand long payment terms. You can find out which types of companies and industries are good, or not so good, at paying on time and then you have the possibility to take that into account when negotiating.

Fredrik Mistander, CEO & Co-Founder Invoier

It has long been a well-known issue that larger companies, in practice, are using smaller companies as financiers through long payment terms and delayed payments. For the smaller companies this often contributes to serious liquidity problems, which can hinder both growth possibilities and new job openings.
The uneven competitive situation has been the basis for the decision of a new legislation in Sweden, which was introduced on March 1st, 2022. The new law requires larger companies to report on agreed, as well as actual, payment times. All collected data will then be publicly available in an open database.

About Payment Time Index™: Betaltidsindex uppdateras kontinuerligt och finns att tillgå i sin helhet via

About Invoier

Invoier has developed Sweden's only market place for invoices. The company's purpose is to improve the financial conditions for small and medium-sized companies and promote transparency and access to fair and competitive capital. The market place enables market adjusted pricing for SME financing and growth, as well as introducing a new asset class to investors. Invoier was chosen out of 4 000 companies for the Invoier was chosen out of 4 000 companies for the EU innovation program Horizon 2020 and recently launched the first, green factoring service Green Factoringwhich financially rewards companies that are making efforts to improve the environment.

For further information:

Fredrik Mistander

CEO & Co-Founder, Invoier

Linda Rehn

CMO, Invoier

Press images

Fredrik Mistander, CEO & Co-founder Invoier
Fredrik Mistander, Invoier
Betaltidsindex av Invoier
Invoier Payment Time Index
Storföretag senare med betalningar i augusti
Sena betalningar 2016-