Purchase Financing
Buy now, Pay later
Smart, hassle-free business financing
Access up to S$500,000
Lightning-fast Decision
Pay for what you use
Sounds like a perfect fit?
Improve your cash flow!
Only takes 5 minutes!
What is Purchase Financing ?
1
Apply online
Sign up with basic details of your business and suppliers
2
Get approved
Our credit team will review your application and reach out to you
3
Submit Your Invoices
Share your suppliers' unpaid invoices on our FXR | ONE dashboard
Get funds
Finaxar will pay your supplier on your behalf against your invoices
Learn more about why you should choose Purchase Financing. Read More
Benefits of Purchase Financing
Quick access to funds
Finaxar Purchase Financing helps to improve your liquidity by paying your suppliers for you before receiving payments from your customers.
Improve relationship with your buyers
Being assured of your cash flow allows you the flexibility to extend longer payment terms to your key customers.
Growth of company
Allowing you to stock up for seasonal and market demands, in turn allowing you to grow your revenue.
Use only what you need
You can pay all your approved suppliers up to your credit limit. Pay what you need, when you need, with no commitments.
Things you need to get started
6+ months of revenue generation
At least 30% local shareholding
Your bank and financial statements for the last 6-12 months
Explore other financing options
How is Purchase Financing different?
Learn more about how Purchase Financing works Read More
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Success Stories
Recommend Finaxar to all SMEs
Innovative solutions and flexibility to meet client needs, a well-coordinated team that worked seamlessly to meet client objectives, and a focus that delivered on client goals exceedingly well. I would recommend Finaxar to all SMEs as a boutique that disintermediates and disrupts the invoice discounting banks very effectively.
Finaxar provided an innovative financing solution for our users of EzyProcure
We're excited about our partnership with Finaxar to pilot an innovative financing solution for our users of EzyProcure, alleviating cash flow pain points that have plagued both buyers and suppliers at an industry-wide level.
Your queries about Payable Financing, answered
How is Payable Financing different from a bank?
-
- When making a funding decision, we evaluate your short-term cash flow history and creditworthiness, whereas banks focus heavily on your company’s balance sheet strength.
- We make quick funding decisions, while banks may take weeks or even months at times to evaluate a financing decision, potentially resulting in loss of business opportunities due to slow turnaround times.
Written by Vihang Patel
作者 Vihang Patel
Written by Vihang Patel
Updated over a week ago
週前更新
Updated over a week ago
How do I sign up with Finaxar?
What type of securities or collaterals do I need to provide to get financing?
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Finaxar does not ask for any collateral for any financing. However, we require a Personal Guarantee (“PG”) or a Joint/Several Personal Guarantees (“JSPG”) of the director(s) for the facility.
Written by Vihang Patel
作者 Vihang Patel
Written by Vihang Patel
Updated over a week ago
週前更新
Updated over a week ago
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