This startup provides invoice brokerage and bill discounting services specifically for underserved logistics businesses, enabling them to submit invoices and supporting documents for immediate cash access. By offering real-time portfolio visibility, the company helps clients maintain cash flow and focus on business growth.
Funding
$19.1M 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
Logistics businesses, especially smaller carriers, often face cash flow challenges due to long payment terms on invoices, hindering their ability to cover immediate expenses and invest in growth. Traditional financing options can be difficult to access or may not be tailored to the specific needs of the transportation industry.
Solution
Malcom Finance provides factoring and invoice insurance solutions designed specifically for the logistics sector, enabling carriers to receive immediate payment on their invoices. By uploading invoices and supporting documents to the platform, clients can access up to 80% of the invoice value within 24 hours. The platform also offers debtor verification services to assess the payment reliability of business partners, reducing the risk of non-payment. Malcom Finance's services include post-due payment debt collection and invoice insurance, providing a comprehensive solution for managing cash flow and mitigating financial risks in the logistics industry.
Target Audience
The primary target audience is small to medium-sized logistics companies and carriers operating in Poland, the Czech Republic, and Slovakia, as well as those invoicing clients across the European Union.
Features
- Invoice factoring with advance payments of up to 80% of invoice value
- Online client zone for easy invoice uploading and management
- Debtor verification to assess payment reliability of clients
- Non-recourse factoring options with invoice insurance
- Post-due payment debt collection services
- Multi-currency support (PLN, CZK, EUR, USD)
- Mobile phone invoice submission