How does it work?
We’re all for full transparency and have done our best to answer any type of question that you may have. You’ll find answers to most of our frequently asked questions through the topics below.
Selling an Invoice
I already sell invoices today. Why switch to Invoier?
Invoier is the first transparent marketplace for invoice purchases. This means that there are lots of buyers in one and the same place who are competing to buy your invoice – resulting in the best possible price for you as the selling part. möjligt.
Our risk engine also helps to flag your company’s invoices so 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 a seller, you pay no fees to sell your invoice. Instead, the amount you receive for your invoice is based on the current market price that the buyer side is willing to give. On average, it is 97-99% of the invoice amount and depends, among other things, on how attractive the invoice is for buyers.
Do I commit to selling invoices if I create an account?
No. 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. Nothing binding, no hidden fees – we really only care that you should be able to get nice price quotes for invoices you consider selling.
What does it take to be approved as a user of Invoier's services?
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 through your organization number, we have designed the process so that it is as simple and fast as possible. You confirm whether the information about your company is correct and answer a few additional questions (these questions concern the purpose for which you wish to use Invoier’s services, as well as expected sales in the form of invoice sales).
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), and follows the same structure that most institutions apply in their more or less automated KYC processes.
How do I know that I'm selling my invoices to a serious buyer?
We have Swedish banks, factoring companies and finance companies as buyers of the invoices. All buyers have undergone our membership review. With that said, it is Invoier that takes over invoice management and handles the actual collection process of money from your customer. We do this in a fair and standardized way.
How does Invoier calculate a price for my invoice?
Invoier uses a unique AI engine that has analyzed hundreds of thousands of invoices and their outcomes. When an invoice is sent in for analysis, it automatically analyzes the companies, individuals, industry and hundreds of other parameters to be able to provide an accuracy of over 93% when it comes to IF and WHEN an invoice will be paid. It is, among other things, this information that investors then take into account when they compete to offer the best price for your particular invoice.
Will my customer be notified if I sell an invoice?
Our goal is that your decision to sell an invoice should not affect your customer more than necessary. Your customer only hears about the invoice purchase when we send out that the invoice has been transferred to Invoier. However, all analysis is done without the customer being notified – for example when you upload your invoice to get a price proposal from the buyers.
Is my invoice sold with or without recourse?
At Invoier, it is possible to sell invoices with or without recourse. It is worth remembering that you are usually offered a better price for invoices that are sold with recourse as this reduces the buyer’s risk.
Do you buy RUT / ROT invoices?
No. Invoier’s services are currently offered only for invoices where supplier and customer are limited (Ltd) companies. As the deductions that RUT / ROT results in mainly include private individuals, we do not have the opportunity to help sell this type of invoice.
Can I sell invoices where the customer is a foreign company?
No. At present, we only offer invoice sales where both supplier and customer are Swedish companies. In the future, we will offer invoice sales to companies with customers registered outside Sweden.
Can I sell an invoice that I have already sent to my customer?
No. We only offer financing for new invoices that have not been sent to the recipient. This is due to mortgage law aspects as all invoice recipients must otherwise be denounced and confirm the change for the mortgage to apply.
Buy invoice / invest in invoices
Who is allowed to buy / invest in invoices?
Invoier’s goal is to open up invoice trading to many different players – not just those who traditionally engage in so-called American factoring. We have Swedish banks, factoring companies and finance companies as buyers of the invoices. All buyers have undergone our membership review. The actual invoice handling and collection of money is handled by Invoier.
Do you need to be a factoring expert to invest in invoices?
No. Invoier’s goal is to open up invoice trading to many different players – not just those who traditionally engage in so-called American factoring. We have Swedish banks, factoring companies and finance companies as buyers of the invoices. When you invest in invoices you actually invest in the invoice risk – something that we will help you understand. You also do not have to think about invoice management towards the customer – Invoier takes care of that for you.
Who sells invoices through the service?
Invoier’s KYC process follows the requirements of the Act (2017: 630) on measures against money laundering and terrorist financing and the Swedish Financial Supervisory Authority’s regulations (FFFS 2017: 11) and follows the same structure that most institutions apply in their more or less automated KYC processes. All Swedish-registered limited (Ltd) companies can sell their invoices through Invoier. However, we do not handle invoices where:
- The invoice’s end-customer opposes invoice transfers according to contract
- The invoice’s end-customer is not a limited company
- The invoice has previously been sold or used to finance a loan
Who handles invoice management after I buy an invoice?
After you have purchased an invoice through our marketplace, Invoier takes over the responsibility for invoice handling and collection towards the end-customer who is obliged to pay the invoice. Therefore, you do not have to think about the administration around the collection process. In the event of non-payment, we will follow a standardized process for collecting money. In the first instance, two reminders are sent from us. If the end-customer still doesn’t pay we try to get in touch. If, contrary to expectations, we are unsucessful in getting end-customer to pay, a debt collection claim is issued from Invoier’s collection partner.
What type of invoices are purchased?
Invoier’s marketplace can today handle the majority of B2B invoices where both supplier and payer are registered limited (Ltd) companies or state-owned organizations. However, we do not handle invoices when:
– The invoice payer opposes invoice transfers according to contract
– The invoice has previously been sold or already used to finance a loan
How are invoices assessed for risk?
Invoier uses a unique AI engine that has analyzed hundreds of thousands of invoices and their outcomes. When an invoice is sent in for analysis, it automatically analyzes the companies, individuals, industry and hundreds of other parameters in order to provide an accuracy of over 93%. We look at both IF and WHEN an invoice will be paid.
What is the expected return?
Your return on invested capital depends on what price you as the buyer of invoices have chosen to offer, and whether your price is accepted / matched with an invoice seller.
What happens if the end-customer does not pay the invoice on time?
In the event of non-payment, Invoier follows a standardized process for collecting money. In the first instance, a reminder is sent to the invoice recipient. If the invoice is still not paid, we try to get in touch. If, contrary to expectations, we have not been paid, a debt collection claim will eventually be issued. The whole process takes place without any active involvement from you as an invoice buyer.
Data & Security
Do the trading partners remain anonymous?
Security is one of the things we prioritize the most and of course you want to know how we handle your data. By default, Invoier encrypts all customers’ data. All invoice trading can thus take place completely anonymously through our platform. Sellers and buyers of invoices usually do not know each other – from each side, Invoier is perceived as a counterparty in a trade.