What we do is essentially a type of invoice finance. That’s a pretty general term that describes a way for businesses to borrow money against the amounts due from their customers. It can be an affordable and easy way of getting access to working capital.
Invoice finance includes factoring, invoice discounting and selective invoice finance. Penny falls into the latter. Unlike other types of invoice finance it allows businesses to pick and choose which invoices they want to raise finance against.
Traditionally invoice finance is slow, corporate and quite frankly, dull! Penny is anything but.
We just make it easy for all businesses to trade in their unpaid invoices for instant cash flow.
PRODUCTS AND SERVICES:
B2B Selective Invoice Finance
Get invoices paid sooner
Reduces bad debt
Tax deductible service