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Invoice Financing

SwiF is the only payment gateway that offers Invoice Financing directly within its platform. This innovative feature allows companies to obtain loans against their invoices without collateral. By simply selecting Funding Societies in our payment gateway and uploading their invoice for approval, businesses can streamline their financing process.

With SwiF, your customers can quickly and easily finance their invoices, leading to faster collections and improved cashflow for your business.

Provide Greater Flexibility to your Customers

Ensure Timely Payment Collections

Build your Competitive Edge

Improve Customer Relationships

Become A Merchant

Why Your Business Should Offer Invoice Financing

Improved cashflow

Invoice Financing provides immediate access to funds tied up in outstanding invoices, enhancing cashflow and enabling smoother operations.

Faster Collections

By leveraging Invoice Financing, businesses can collect payments faster without waiting for customers to settle invoices, reducing the typical payment cycle.

Reduced Financial Risk

With immediate funding, businesses mitigate the risk of delayed payments or non-payment from customers, ensuring a more stable financial outlook.

No Collateral Required

Invoice Financing usually does not require additional collateral, making it accessible for businesses that may not have significant assets to pledge.

Support for Growth

The quick infusion of cash can be used for expansion, marketing, inventory purchases, or other growth initiatives without waiting for invoice payments.

Frequently Asked Questions

What is Invoice Financing and how does it work?

This innovative feature allows your customers to obtain loans against their invoices without needing collateral. By selecting Funding Societies within our payment gateway and uploading their invoices for approval, your customers can finance early payment on their sales invoices or sales purchases for goods delivered and services completed.

This method of financing is ideal for businesses that need consistent cash flow or upfront cash, especially if most of their transactions are on credit terms. With SwiF, your customers can quickly and easily finance their invoices, resulting in faster collections and improved cash flow for your business.

How long is the tenure?

With Funding Societies Invoice Financing, you customers can apply for a financing tenure of up to 120 days.
Depending on the nature of their business and its trade cycle, they have the option to apply for a tenure of 30, 60, 90, or 120 days, subjected to approval.

Who can benefit from Invoice Financing?

Invoice Financing is beneficial for businesses of all sizes, particularly small and medium-sized enterprises (SMEs) that need to improve cash flow. It is especially useful for businesses with long payment cycles, high volumes of accounts receivable, or those looking to invest in growth without waiting for customer payments.

Is collateral required for Invoice Financing?

Generally, Invoice Financing does not require additional collateral. The invoices themselves serve as the collateral for the financing. This makes it an accessible option for businesses that may not have significant assets to pledge.

What is the process flow for my customers?

Once you customer selects the invoice financing option within our SwiF Payment Gateway, they will be sent to Funding Societies website Account Payable Financing/-i (APF/-i).

From there they will need to follow the steps below:
Step 1: Customer submits PO/Proforma invoice etc. via Silk Road.
Step 2: Funding Societies will proceed to the credit assessment and upon approval will inform your customer by email.
Step 3: Customer receives disbursement from Funding Societies based on the approved terms.
Step 4: Repayment to Funding Societies based on the approved terms.

How quickly can I get funds through Invoice Financing?

The approval and funding process for Invoice Financing is typically fast. Businesses can often receive funds within 24 to 48 hours after submitting their invoices for approval. This quick turnaround helps address immediate cashflow needs.

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