Harvv Financing provides a Factor Now, Pay Later marketplace that enables manufacturers and distributors to offer flexible net payment terms of 30, 60, or 90 days to their clients, streamlining accounts receivable through automation. This solution addresses cash flow challenges by facilitating timely payments and reducing the risk associated with delayed transactions.
Funding
Funding not disclosed
Founders
Product
Problem
Many manufacturers and distributors face challenges in offering flexible payment terms to their clients, leading to delayed transactions and cash flow bottlenecks. Traditional accounts receivable processes are often manual and time-consuming, increasing administrative overhead and the risk of late payments.
Solution
Harvv Financing provides a "Factor Now, Pay Later" marketplace that automates accounts receivable and enables businesses to offer net 30, 60, or 90-day payment terms to their customers. By streamlining invoicing and payment collections, Harvv Financing simplifies receivables management and accelerates cash flow. The platform offers direct payment solutions and growth-based financing flexibility, allowing businesses to access funds and customized financing plans as they scale.
Target Audience
Harvv Financing primarily targets manufacturers and distributors across various industries, including powersports, solar power, CPG, retail, construction, healthcare, technology, agriculture, automotive, fashion, D2C retail, logistics, and hospitality.
Features
- Automated accounts receivable (AR) management for faster invoice processing and improved cash flow
- Direct payment solutions enabling seamless transactions for buyers
- Exclusive net terms (30, 60, and 90-day) available after reaching 80% transaction volume through Harvv
- Integrated direct payments supporting various payment methods without requiring buyer onboarding
- Growth-based financing flexibility providing access to funds and customized financing plans