CashMe operates an invoice trading platform that allows businesses to sell their outstanding invoices to qualified institutional investors, providing immediate liquidity without the need for additional guarantees. This service addresses cash flow challenges by enabling companies to access up to 90% of invoice value within 48 hours, improving their financial stability and credit rating.
Funding
$4.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small and medium-sized enterprises (SMEs) face challenges in maintaining consistent cash flow due to delayed invoice payments. Traditional financing options like bank loans or factoring can be restrictive or inaccessible, especially for companies with limited credit history or those requiring quick access to funds. This can hinder growth and operational stability for these businesses.
Solution
CashMe provides an invoice trading platform that connects businesses with institutional investors, enabling them to sell outstanding invoices for immediate liquidity. This service allows companies to access up to 90% of the invoice value within 48 hours, improving cash flow and reducing the risk of insolvency. By using a pro-soluto assignment, CashMe eliminates the risk of unpaid invoices and improves the balance sheet rating. The platform assesses the creditworthiness of the debtors (the invoice payers) rather than the sellers, increasing accessibility for a wider range of businesses.
Target Audience
CashMe primarily targets SMEs, including S.r.l. and S.p.A. companies, that need to improve their cash flow by selling invoices. The service is also aimed at larger enterprises seeking to support their supply chain through a digital reverse factoring solution.
Features
- Online platform for uploading and managing invoices for sale
- Access to a network of institutional investors for invoice purchasing
- Pro-soluto assignment, transferring the risk of non-payment to the investor
- Quick access to funds, with up to 90% of invoice value available within 48 hours
- Credit assessment focused on the debtor's financial stability
- Transparent fee structure with no hidden commissions or penalties
- Digital Reverse option for larger companies to support their supply chain
- Integration capabilities with existing IT systems for automated invoice recognition