About Instant Factoring

Instant Factoring is a fintech platform that enables businesses to convert their outstanding invoices into cash within 24 hours by uploading invoice copies for approval. This service addresses cash flow issues by eliminating the wait for payment terms that can extend up to 120 days, providing immediate liquidity to companies of all sizes.

```xml <problem> Businesses, especially micro and small enterprises, often face cash flow challenges due to extended payment terms (30-120 days) on their invoices, hindering their ability to cover immediate operational expenses and pursue growth opportunities. This delay in receiving payments can restrict their financial flexibility and overall business development. </problem> <solution> Instant Factoring offers a fintech platform designed to alleviate cash flow bottlenecks by enabling businesses to convert their outstanding invoices into immediate working capital. Through a fully online process, businesses upload copies of their invoices and, upon approval, receive funds in as little as 24 hours. This service allows companies to bypass lengthy payment terms, providing them with immediate access to liquidity. Instant Factoring evaluates invoices within two hours and can finance invoices up to 1,000,000 lei, with transparent commission fees calculated based on the invoice's due date and the client's creditworthiness. The platform supports invoices of any type (doc, pdf, scan, or image) and protects the relationship with the invoice payer by only contacting them to confirm the invoice and inform them of the new payment details. </solution> <features> - Online platform for uploading and managing invoices - Rapid invoice approval process within 2 hours - Funds disbursed within 24 hours of approval - Financing available for invoices up to 1,000,000 lei - Transparent commission fees with no hidden costs, calculated as a percentage of the financed value - Flexible financing options, including recourse and non-recourse factoring - Supports invoices issued to companies within the European Union, provided they meet eligibility criteria - Secure platform ensuring confidentiality of user data and compliance with data protection regulations - Integration with a finance calculator to estimate the financing commission </features> <target_audience> Instant Factoring primarily targets micro and small enterprises across various sectors that require immediate access to funds tied up in outstanding invoices, including transporters, builders, manufacturers, and distributors. </target_audience> <revenue_model> Instant Factoring generates revenue through commission fees charged on the financed invoice amount, with the commission percentage varying based on factors such as the invoice due date, the amount being financed, and the client's creditworthiness; the average commission is around 3% of the invoice value. </revenue_model> ```

What does Instant Factoring do?

Where is Instant Factoring located?

Instant Factoring is based in Bucharest, Romania.

When was Instant Factoring founded?

Instant Factoring was founded in 2018.

How much funding has Instant Factoring raised?

Instant Factoring has raised 1100000.

Location

Bucharest, Romania

Founded

2018

Funding

1100000

Employees

33 employees

Major Investors

European Investment Fund

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Instant Factoring

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

instantfactoring.com 1K+

Crunchbase

Founded 2018 – Bucharest, Romania

Funding

Estimated Funding

$1M+

Major Investors

European Investment Fund

Team (30+)

No team information available.

Company Description

Problem

Businesses, especially micro and small enterprises, often face cash flow challenges due to extended payment terms (30-120 days) on their invoices, hindering their ability to cover immediate operational expenses and pursue growth opportunities. This delay in receiving payments can restrict their financial flexibility and overall business development.

Solution

Instant Factoring offers a fintech platform designed to alleviate cash flow bottlenecks by enabling businesses to convert their outstanding invoices into immediate working capital. Through a fully online process, businesses upload copies of their invoices and, upon approval, receive funds in as little as 24 hours. This service allows companies to bypass lengthy payment terms, providing them with immediate access to liquidity. Instant Factoring evaluates invoices within two hours and can finance invoices up to 1,000,000 lei, with transparent commission fees calculated based on the invoice's due date and the client's creditworthiness. The platform supports invoices of any type (doc, pdf, scan, or image) and protects the relationship with the invoice payer by only contacting them to confirm the invoice and inform them of the new payment details.

Features

Online platform for uploading and managing invoices

Rapid invoice approval process within 2 hours

Funds disbursed within 24 hours of approval

Financing available for invoices up to 1,000,000 lei

Transparent commission fees with no hidden costs, calculated as a percentage of the financed value

Flexible financing options, including recourse and non-recourse factoring

Supports invoices issued to companies within the European Union, provided they meet eligibility criteria

Secure platform ensuring confidentiality of user data and compliance with data protection regulations

Integration with a finance calculator to estimate the financing commission

Target Audience

Instant Factoring primarily targets micro and small enterprises across various sectors that require immediate access to funds tied up in outstanding invoices, including transporters, builders, manufacturers, and distributors.

Revenue Model

Instant Factoring generates revenue through commission fees charged on the financed invoice amount, with the commission percentage varying based on factors such as the invoice due date, the amount being financed, and the client's creditworthiness; the average commission is around 3% of the invoice value.