REGISTER TODAY TO KNOW MORE!

    Need of Sales invoice Finance

    Sales invoice finance is a vital solution for businesses facing cash flow constraints due to extended customer credit terms. This financing method unlocks funds tied up in receivables enabling businesses to maintain smooth operations without adding debt to the balance sheet.By providing instant access to working capital, it ensures smoother operations, timely supplier payments, and fuels growth opportunities. This flexible, debt-free financing option, strengthens supplier relationships, support business expansion without financial strain, and ensures seamless operations in dynamic market conditions.

    Revolutionize growth with Mynd Fintech Sales Invoice Financing

    Mynd Fintech simplifies Sales Invoice Finance by offering quick funding for confirmed invoices through a seamless, technology-driven process. Integrated with vendors’ ERP systems, our solution ensures smooth data flow, boosts liquidity, and eliminates reliance on traditional loans. With flexible, unsecured credit options and tailored support, businesses can enhance cash flow, improve efficiency, and focus on sustainable growth.

    CONTACT US

    Features:

    • Unsecured Line of Credit offered to Vendors having good track record
    • Enables qualifying Vendors to discount Invoices
    • Technology integration with Vendors’ ERP and use of Mynd Portal for seamless flow of Invoice information across the Vendor, Mynd and the Lender

    How it Works

    01

    One Time Credit Limit Set-up

    • Limit amount and period finalized basis risk assessment of Vendor
    • Digital on-boarding of Vendors

    02

    Digital flow of Invoices

    • Integration with Vendor’s ERP for online invoice flow
    • System for uploading digitally signed invoices, if ERP integration is unavailable

    04

    Repayment

    • NACH is presented on the due date for collection
    • Flexibility for Vendor to pay Lender anytime prior to the due date
    • Limits get replenished after every payment

    03

    Online Disbursement

    • Invoices presented are funded within 24 hours
    • Disbursement done in Vendor’s designated Bank account

    Benefits of Sales Invoice Finance

    benefits
    • Access to new and profitable lending opportunities with little or no investment
    • Digital and standardized underwriting process
    • Highly automated and hence scalable model
    benefits
    • Access to early liquidity against goods and services provided to customers

    FAQs Frequently Asked Questions

    Invoice Finance is the practice of using company’s unpaid invoices to raise working capital & fulfil its financial needs. Financial institutions including banks and NBFCs provide discounting services for businesses.

    We offer Invoice Financing to all vendors – MSMEs and Non MSMEs – across multiple sectors. Businesses registered as Proprietorship, Partnership, Private Limited, Limited Liability Partnership and Public Limited Companies.

    The financing disbursement is done by the Lender to the designated Bank account of the respective Vendor within 24 hours, as per the process agreed.

    Repayment is made by the Vendor to the respective Lender anytime before the end of the credit period. The credit period for each invoice ranges between 30 to 60 days, as per terms agreed with the Vendor. The interest is charged only for the actual period for which credit was used.

    Using auto debit facility via NACH.

    There is usually no additional collateral required, we fund a business on the basis of the health of the business cash flows and track record of prior loan repayments. However, in some case lenders may request for collateral based on their assessment of the risks involved

    home
    blog