Investly acts as a marketplace for invoice financing – connecting businesses in need of working capital with global investors.
Investly was founded in 2013 with the aim of changing how businesses get their invoices paid. It provides an invoice finance platform that lets you upload invoices for investors worldwide to bid on. The theory goes that the auction process helps to drive prices down, enabling you to get the most competitive rate.
Unlike many traditional invoice financing providers, with Investly, you can get up to 100% of the value of your invoices up front – big asterisk: minus the fees.
If your company revenue is prone to fluctuations, invoice finance could help smooth it out, ensuring you have the breathing room to focus on what’s important, but it does come at a cost.
Compare tailored invoice financing options from a range of lenders
Finder has teamed up with Funding Options to help SMEs quickly find an invoice financing solution that works for them.
- Unlock the value in your invoices today.
- Smooth out unpredictable cash flow.
- Choose from a range of discounting, factoring and financing options.
Key features of Investly invoice financing:
Investly will charge you a one-off, personalised fee which varies depending on factors such as the amount of your invoice/s and the creditworthiness of your business and your client. You will also be charged an interest rate by the investor, which will be determined in the auction process.
How does it work?
- Fill in the online application form at the Investly website. You’ll be asked to upload bank statements from all banks your business has accounts with. The statements should show the past six months of your account activity.
- It should then take around one to three business days to get a decision, provided you give full and correct information.
- Investly will not contact any of your customers before you sign the contract and never without your prior permission.
- Once you are made an offer and you sign the contract, Investly will ask for your permission to contact your customer in order to verify the first invoice.
- Once you’ve been approved, you will need to upload any invoices that you would like to sell on its platform.
- Your invoice will go to auction, which usually lasts for one to two days. During this time, investors will place bids on your invoice and compete to offer you the best rate.
- From the bids, Investly chooses the one that is cheapest to you. At the end of the auction, the funds will be deposited in your account minus Investly’s fee and the investor’s interest rate.
- On the due date, your client will make a payment to Investly’s bank account.
Am I eligible?
You could be suitable for invoice financing with Investly if you:
- Are a UK-registered business.
- Have a good credit rating with no ongoing court issues.
- Have been trading for more than six months.
- Have a minimum £50,000 annual turnover.
- Have invoices with payment terms of 15-180 days.
- Are asking to fund an invoice from a client that has been trading for at least 3 years, and has a turnover of at least £1 million per year.
Frequently asked questions