Investly business finance

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.

Tide Start-up Loan

• £500 to £100,000
• 12 to 60 months
• Cashflow forecasting through Tide Connect

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Key features of Investly invoice financing:

• Access to global investors. Your invoice will be put to auction to get the best interest rate for you.
• Up to 100% of each invoice can be financed. Get the full amount of your invoice up front, minus Investly’s fee and the investor’s interest rate.
• Strengthen supplier relationships. Many suppliers offer discounts for up-front or early payment.
• Enables efficient payroll. Releases cash flow to pay employees and subcontractors promptly.
• Quick decision. You should receive an offer for funding within three working days of your invoice/s being put to auction.

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?

1. 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.
2. It should then take around one to three business days to get a decision, provided you give full and correct information.
3. Investly will not contact any of your customers before you sign the contract and never without your prior permission.
4. 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.
5. Once you’ve been approved, you will need to upload any invoices that you would like to sell on its platform.
6. 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.
7. 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.
8. 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

• Can I finance individual invoices?

  Yes. Investly does not require you to commit to a specific sum of invoices to finance.

• How long does it take to receive the cash?

  Usually within one working day after the end of the auction.

• Do I have to change the payment details on the invoice?

  Once your invoice has been funded, you will have to either send your customer a repeat invoice or inform them that some of the payment details have been changed. On the invoice itself, you will need to change the bank account number but can keep your company name and all other details the same.

• How much of my invoice will Investly finance?

  Investly can finance up to 100% of your invoice, minus fees. Once your invoice gets financed, it will subtract the financing fee and deposit the rest of the money into your account.