Get instant cash flow with invoice factoring
Why wait? Get same day funding and a faster access cash flow.
Outsource payment collection
Faster and flexible access to cash flow from one or all your invoices.
Access up to $100,000
We fund each invoice once approved and collect payment to optimise your cash flow.*
You choose invoices to get paid
Self-serve online portal available 24/7 or connect from your CRM or invoicing platform.
Simple pricing
Only pay for what you use, if you don’t need us, there are no costs. One fee per transaction.
Click and quick
Connected software platforms get invoices automatically approved and paid the same day instantly.
Flexible
No lock in contracts or property security required. Your facility grows as your sales grow.
Invest in your business
Use funds to invest back in your business, repay loans, to take advantage of seasonal opportunities.
How it works?
We pay you as soon as you tell us which invoice you want funded.
1
Invoice as normal
From your software platform to send invoices or log into the Flip Merchant Portal.
2
Choose invoices
Choose which invoices you want paid early.
3
Instant Payment
Get cash into your nominated bank account the same day.
4
Use funds
Use funds to pay for overheads or invest back into your business.
It's simple to onboard
What you need to activate an account.
- Active ABN.
- GST Registered.
- 6+months in business.
- $100,000+ in annual turnover.
Need to Chat?
Our Business Finance specialists are available to help you with any questions.
Hello@flippay.com.au | 1300 354 766.
FAQs
Invoice factoring or accounts receivable factoring is type of financing where you “sell” some or all of your outstanding invoices to a third party as a way of improving your business cash flow stability. You will be paid most of the invoiced amount immediately, then we’ll collect payment directly from your customers.
We support factoring solutions for smash repairers and commission advances for brokers and real estate agents.
To be eligible you need to typically meet the following criteria:
- You’re an Australian incorporated business (e.g. Pty Ltd)
- You have traded for more than 6 months
- You issue tax invoice for goods/services that had been delivered or fulfilled.
- You have > $100,000 in annual turnover
To get set-up with a limit, you may be asked to provide:
- current financial statements and/or BAS
- identification of directors and owners
- 6 months bank statements
A fully digital experience means that your invoice early access can happen once your approved, and we have set up your limit. We integrate with your software/invoicing platforms to access data sources for live credit decisioning. Once approved, we fund instantly.
- Improved and more predictable cash flow – you can have the bulk of your invoices paid almost immediately rather than having to wait for the money to come in.
- Better cash flow – Better cash flow gives your business a better chance of survival.
- Easier than a bank loan – Invoice factoring is usually easier to obtain, making it good for short-term funding needs.
Yes. Your credit limit is determined by your annual turnover, total value of your eligible outstanding invoices, as well as the level of funding required. We will be in touch to discuss during the assessment and approval stage.
Your balance is repaid as your nominated customers pay their invoices. We take care of collecting from your customers.