Invoice Financing – Passive income

Debifo tripled the number of its clients in 2017

By MPI10th April 2018News, Peer-to-Peer LendingDebinfo, Invoice Financing, Mintos, peer-to-peer lending

In 2017, the invoice financing company Debifo earned even more trust from both clients and investors – the company improved all key performance indicators and attracted new clients, thus becoming the largest non-bank invoice financer in Lithuania by the number of clients.

The number of Debifo clients grew from 50 in 2016 to 153 last year. According to Justas Šaltinis, Director of Debifo, active adaptation of services to the needs of small and medium-sized business could be pointed out among the key reasons for this growth.

“Last year, flexibility, transparent price and speed were our key priorities. We approve financing within three days; however, there have been cases when we have approved financing on the same day.

“Our ability to quickly approve financing is particularly appreciated by small companies with the turnover of up to EUR 1 million, yet there has been an increasing interest from larger medium-sized companies,” says Mr Šaltinis.

In total last year, Debifo financed invoices for almost a triple amount than in 2016. The value of invoices financed last year accounted for EUR 20.5 million. The average amount of Debifo financed invoice reached EUR 3500.

Last year, Debifo managed to expand the circle of its clients, attracting much more clients oriented to export markets – in 2017, they accounted for 32 percent of clients, whereas in 2016 – as few as 1 percent. The majority of Debifo clients are from wholesale trade, logistics, medicine, construction and other sectors.

Last year, the company also succeeded in gaining investors’ trust. It signed a financing agreement with the UK investment fund Advance Global Capital (AGC), reached 4500 investors on the peer-to-peer lending Mintos marketplace. At the end of the year, Debifo controlled an active portfolio of EUR 3 million.

“Conclusion of an agreement with AGC, which is one of the key players in the non-bank factoring market, is an important step in guaranteeing uninterrupted financing from a reliable partner as well as proof that we have been gaining more trust and recognition in the international market,” notes Mr. Šaltinis.

Last year, Debifo was also recognised as the TOP Company in the assessment of business credibility implemented by Rekvizitai.lt. This recognition, achieved by as few as 5 per cent of the most credible and economically stable companies, is highly significant for innovative and ambitious business. The award of the TOP Company is not the first achievement of Debifo. In 2016, Debifo won the award of the financial service of the year in the Service of the Year competition organised by the Lithuanian Business Confederation (LBC). The company has also been mentioned among 5 most promising financial sector start-ups in the prestigious business publication Forbes.

Source: Mintos.com

InviPay from Poland joins Mintos p2p lending marketplace and offers to invest in invoice financing

By MPI6th February 2018News, Peer-to-Peer Lendingbuyback guarantee, EUR, inviPay, Invoice Financing, micro factoring, Mintos, peer-to-peer lending, PLN, Poland

A new invoice financing provider from Poland joins Mintos. InviPay is the leading non-bank micro factoring fintech institutions in Poland. The company offers to invest in invoices in both euro (EUR) and Polish złoty (PLN) on Mintos with expected annual returns of 10%.

Established in 2015, InviPay is a market leader in innovation in Poland for invoice financing. InviPay is one of the few invoice financing companies in Poland to be completely online and supplies its services to small and medium-sized businesses through its website and user-friendly inviPay mobile app. InviPay provides factoring services to the businesses – issuers of the invoice – and takes over the servicing of the invoice. This means the purchaser of the service or goods will repay the invoice directly to inviPay. The application process is fast and flexible and customers can receive funds in approximately two hours, from downloading the app to having the funds in their account.

“In Poland, there are almost two million small and medium enterprises and they contribute to more than a half of Polish GDP, however, 81% of these companies experience a delay with receiving payments on time. InviPay plays a significant role for them to help close the financing gap. This is why we decided to join Mintos as the demand for our micro factoring products is increasing rapidly. By joining the Mintos marketplace we want to open a new flexible capital source so we can finance more clients and widen our market share in Poland, and then later abroad,” says Marcin Pasenik, CEO of inviPay.

InviPay has listed invoices on Mintos in two currencies – EUR and PLN. The average Poland-issued invoices are EUR 750 and PLN 4 900. The average repayment period in both currencies is 45 days. You can expect a yearly return of up to 10% for all invoices from inviPay.

All inviPay invoices listed in EUR and PLN that are delinquent for more than 60 days are secured with a buyback guarantee. The company will retain 10% of all invoices placed on Mintos on its balance sheet.

InviPay is one of the fastest growing factoring companies in Poland. In 2017 alone, the company’s turnover tripled in comparison to 2016. Since its inception, the total amount financed is more than EUR 50 million. In the past two years, inviPay has made nearly 75 000 transactions, and in 2017 experienced a 126% year-on-year growth in transactions from 2016.

Since its inception, the company has provided its invoice financing services to more than 3 000 clients and it is the exclusive provider of micro factoring services to the clients of three major players in the Polish banking industry – ING Bank, Alior Bank and Bank Pocztowy. The inviPay app is integrated with over 30 different databases from data collection companies which contain information about borrowers. This allows a potential client to be verified within 30 seconds. The company also has a highly-skilled risk department, that can assess clients that require individual attention.

Atlantis Financiers Join Viventor peer-to-peer lending marketplace

By MPI21st August 2017News, Peer-to-Peer LendingAtlantis Financiers, Factoring, Invoice Financing, Netherlands, p2p, p2p lending, Viventor

Atlantis Financiers from The Netherlands have joined Viventor.

Established in 2013, Atlantis Financiers are one of the biggest non-bank invoice financing and factoring solution providers for Dutch and Belgian businesses. Since inception, the company has serviced over 2’500 SMEs in the region, financing over EUR 20’000’000 worth of invoices.

“When we think about our services, we think of solutions that are customisable, flexible and online-based. As we see it, these are some of the core values that modern small and medium enterprises are looking for when thinking of financing solutions. We’re very happy to partner with Viventor, as our solutions have incorporated the same core values,” states Lex Gielen of Atlantis Financiers.

Atlantis Financiers invoices on Viventor marketplace

300-30000 EUR in size
30-120 days duration
6%-14% projected annual return
90 day Buyback guarantee + Invoice Insurance

Atlantis Financiers offer invoice financing solutions with Advance Rate between 30% and 80% (percentage of invoice paid out by the factoring company up front). Moreover, every single deal has been insured with such trusted insurance companies as Euler Hermes (member of Allianz Group) or Atradius.

Given the levels of Advance Rate, insurance and Buyback Guarantee provided, investments in invoices factored by Atlantis Financiers are very conservative.

Update your AutoInvest settings by including Atlantis Financiers now. Remember to include Invoice Financing as a loan type, and Netherlands as a country!