Netherlands-based working capital financing startup InvoiceFactor raised € 3.4M of seed financing, led by Peak Capital with participation from fintech entrepreneur Kalo Bagijn. InvoiceFactor aims to provide highly convenient invoice factoring for small businesses in Europe.
“The money that is locked in outstanding invoices for up to 30, 60 or sometimes 90 days is exactly what many companies need to grow their business or pay their bills” explains Sven van der Biezen, CEO and co-founder of InvoiceFinance. He continues: “InvoiceFinance gives companies access to more working capital using an online platform where companies can sign up for free in under 10 minutes, choose which invoices they want to finance and get their money within 24 hours. That’s how easy financing should be.” InvoiceFinance is accessible for everyone. No industries are excluded. Even for companies with credit lines under €250.000, a market segment that is dealing with a huge downfall in available credit and which is not cost effective for banks. accountants, intermediaries and those same banks, InvoiceFinance offers an alternative solution.