Andrew Bertolina

Invoice financing

by from Finvoice

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This Solution offers a supply chain service.
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Finvoice helps hardware startups improve their cash flow. We are an online marketplace for invoices that matches small businesses with investors.

About this Solution:

Finvoice helps hardware startups improve their cash flow through innovative invoice financing. We are an online marketplace for invoices that matches hardware startups with investors to create a new way for companies to raise cash - faster and cheaper than VCs and banks.


Features:

  • Monthly rates of 1.1 - 2.5%, roughly half of what banks offer
  • Receive financing in one day


Specifications:

  • We can finance to any startup with invoices or purchase orders from strong companies
  • Cash advancements can be made for up to 90% of the total invoice amount
  • 100% of invoices approved for financing are funded


Using this Component:

  • Four clicks to upload an invoice and receive financing
  • We take it from there and provide all of the underwriting
  • Investors login and select your invoice for financing
  • You receive the necessary cash to fund order fulfillment!

Our Facilities:

90% of customers return for additional financing because our process is easy and our rates are lower than competitors'. As a result, we have financed over $2M for hardware startups.

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Potential Applications:

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Ideal Partners

This Solution is most applicable for the following stages and categories:

  • Working prototype
  • Enhancing industrial design
  • Improving electronic board
  • Design for manufacturability
  • All project categories

Brought to you by Andrew

CEO & Co-founder at Finvoice
Giving small business a voice through invoice financing.Finvoice was founded with one express purpose: to support small businesses. The same small businesses who create 65% of all new jobs in the ...
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