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Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

Lendo , a peer-to-peer (P2P) lending marketplace for small- and medium-sized businesses (SMBs), wants to help them pre-finance their invoices so they can potentially get paid faster, according to a report. The company is doing its business as an alternative to regular short-term finance by borrowing money against outstanding invoices.

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Invoice Startup Upflow Raises $2.7M

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French startup Upflow , a company that wants to streamline the invoicing process for companies, help them stay organized and ensure they get paid on time, has raised $2.7 Many companies have relied on Excel spreadsheets to keep track of invoicing information, and Upflow has created a proprietary system to improve on that.

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Crowdz Pilots Invoice Crowdfunding Platform InvoiceXchange

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B2B invoicing and payments firm Crowdz has announced a new pilot aimed at connecting businesses to crowdfunding services to finance their unpaid invoices. 16), Crowdz announced it is rolling out what it claims to be the world’s first invoice financing marketplace, InvoiceXchange, in pilot phase.

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New Shine Feature Lets Customers Insure Invoices

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Challenger bank Shine , a French startup, has introduced a new program to insure invoices to help make sure they are paid, according to a TechCrunch report. With Shine’s new service, after an invoice goes unpaid for a certain amount of time, the bank contacts the other company to remind them to pay.

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Oracle Adds Invoice Finance Firm Previse To Startup Ecosystem

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Enterprise technology conglomerate Oracle is giving a B2B FinTech a boost of support through its startup mentorship program. The company’s platform provides a network that enables banks to authorize a transaction so suppliers can be paid when an invoice is sent, while buyers can wait to repay the bank until invoices have been processed.

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UK’s Peasy Offers Rewards For Faster Invoice Payments

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based startup, wants to help businesses get invoices paid faster, according to a press release. The rewards are funded by the supplier, usually at 1 percent to 5 percent of the invoice values, the release states. The rewards are funded by the supplier, usually at 1 percent to 5 percent of the invoice values, the release states.

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DueCourse Raises $8M For Invoice Financing Solution

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Startup DueCourse announced an $8.14 million seed funding round in support of its cloud-based invoice financing solution for SMEs, reports said on Monday (Sept. Its risk model decides whether an SME is eligible to receive invoice financing, as well as the cost of that loan. firm’s CEO and cofounder, Paul Haydock.