Aqeel provides a digital financing platform that lets U.S. small‑manufacturing businesses sell invoices and receive up to 90% of the invoice value upfront, extending payment terms up to 120 days. Users complete a 15‑minute online application, receive a credit decision within 24 hours, and upload invoices to access working capital without traditional bank loans. The service generates revenue by charging interest and fees on the financed portion of each invoice.
Funding
$280K 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 businesses (SMBs) struggle with cash flow management due to mismatched payment cycles between customer receivables and supplier payables. This can lead to liquidity issues, hindering growth and straining relationships with suppliers. Traditional financing options like bank loans and credit cards may not always be suitable or accessible for addressing these cash flow gaps.
Solution
aqeel provides a Cash Flow Operating System designed to synchronize payment cycles for SMBs. The platform offers solutions for both receivables and payables, allowing businesses to manage their cash flow more effectively. For sales, aqeel provides options for customers to receive early payments, improving liquidity. For suppliers, aqeel offers extended payment terms, enabling businesses to collect revenue before paying their suppliers. This "Sell First, Pay Later" approach helps businesses maintain a healthy cash flow and strengthen supplier relationships.
Target Audience
aqeel primarily targets small and medium-sized businesses (SMBs) across various industries, including e-commerce, industrial, wholesale, construction, hospitality, agriculture, and healthcare, particularly those with recurring sales and purchases of physical products.
Features
- Flexible invoicing options to accommodate various customer payment preferences.
- Early payment options for sales, providing immediate access to funds.
- Extended payment terms for suppliers, up to 180 days.
- Cash flow forecasting tools to predict potential cash shortages.
- Credit lines up to $10 million.