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