The FRENNS platform is an efficient and secure way for companies to access the cash trapped in unpaid invoices. The invoices are placed up for auction, where investors are free to place bids on them. Due to the transparency of the platform, companies can choose the bid that offers the most competitive interest rate and time frame.
Once the auction closes, up to 99% of the invoice is advanced. The remaining capital withheld is to cover commission and bank transfer fees.
|Typically only 80-85% of invoice amount is eligible for financing||Finance up to 99% of the value of the invoice|
|Minimum contract period||A dynamic auction process helps reduce costs|
|Very high borrowing costs||It is fast, fully automated and includes an e-invoicing capability|
|Old fashioned and slow infrastructure hinders processing||Advanced cash is determined by payment history and individual debtorsr|
|Lending decisions are based on the creditworthiness of specific invoices||Secured against the debtor who is responsible for the outstanding invoice|
|Financing is secured against personal collateral|
Synchronise your online accounting system with the FRENNS platform or individually upload invoices
Quickly and efficiently with customer approvals and e-invoices.
Transferred directly into your account within an hour after the auction closes