Lenderwize is a fintech marketplace that provides telecom suppliers with rapid access to low-cost funding by converting approved invoices into immediate cash flow, enabling them to meet daily payment obligations. The platform automates transactions and ensures direct payments to sellers, significantly reducing the costs associated with international bank transfers.
Funding
$120.5M 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
Telecom suppliers often face challenges in maintaining sufficient cash flow due to the discrepancy between immediate payment obligations for traffic purchases and the longer payment cycles from their clients. This can strain their financial resources and hinder their ability to meet daily operational expenses. Traditional international bank transfers further exacerbate the issue with high costs and processing delays.
Solution
Lenderwize offers a fintech platform designed to provide telecom suppliers with rapid access to low-cost funding by converting approved invoices into immediate cash flow. The platform automates transactions and ensures direct payments, significantly reducing the costs and delays associated with traditional international bank transfers. By providing swift and flexible access to funding, Lenderwize enables suppliers to meet their payment obligations promptly and fuel business growth. The platform processes invoices daily and facilitates early payments on approved invoices, with funds available within 24 hours upon buyer acceptance.
Target Audience
The primary target audience includes telecom suppliers who require immediate access to funding to manage their cash flow, as well as corporate buyers (anchor debtors) seeking to optimize their working capital and strengthen supplier relationships.
Features
- Invoice conversion into immediate cash flow, improving liquidity for suppliers.
- Automated transaction processing for efficient and streamlined operations.
- Direct payment system minimizing the costs associated with international bank transfers.
- "Fund Me Now" and "Pay Now" buttons for seamless platform integration.
- Early payment options on approved invoices, with funds available within 24 hours of buyer approval.
- Supply chain financing options to strengthen supplier relationships and optimize working capital for corporate buyers.
- Integration capabilities via a 'Pay Now' button for faster payment receipts.
- Reconciliation tools for controlling and automating incoming/outgoing payments.