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!

Apply now

Only takes 5 minutes!

What is Purchase Financing ?

Purchase Financing allows you to maintain working capital funds while paying your supplier’s invoices on time. Finaxar pays your suppliers on the due date and you repay us on a later date (up to 90 days after the invoice date). With Finaxar Purchase Financing, you can now optimise your cash flow and working capital.

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

4
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

easy sign up
Quick access to funds

Finaxar Purchase Financing helps to improve your liquidity by paying your suppliers for you before receiving payments from your customers.

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Improve relationship with your buyers

Being assured of your cash flow allows you the flexibility to extend longer payment terms to your key customers.

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Growth of company

Allowing you to stock up for seasonal and market demands, in turn allowing you to grow your revenue.

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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

Check out Finaxar Credit Line 查看 Finaxar Credit Line Hãy thử Finaxar Credit Line

Recommended for A line of credit to meet your daily business needs. Companies who sell to consumers or with unpaid invoices < 30 days

推薦給 A line of credit to meet your daily business needs. Companies who sell to consumers or with unpaid invoices < 30 days

Phù hợp với A line of credit to meet your daily business needs. Companies who sell to consumers or with unpaid invoices < 30 days

Check out Receivable Financing 查看 Receivable Financing Hãy thử Receivable Financing

Recommended for Turn your unpaid invoices into working capital funds. For B2B companies whose customers typically take 30-90 days to pay.

推薦給 Turn your unpaid invoices into working capital funds. For B2B companies whose customers typically take 30-90 days to pay.

Phù hợp với Turn your unpaid invoices into working capital funds. For B2B companies whose customers typically take 30-90 days to pay.

How is Purchase Financing different?

Traditional (Reverse) Factoring
Purchase Financing
Time
Time Traditional factoring companies may take longer than a week to get the credit assessment
Time Sign up in a few minutes and complete the online assessment within 72 hours and access your funds within 24 hours
Application Process
Application Process Financers usually require several documents for verification purposes which make it a lengthy and stressful process
Application Process With our completely paperless and hassle-free process, you only need to sync your accounting platform
Fees
Fees Banks and other financiers often charge several fees such as admin or processing fees
Fees Enjoy low interest rates and one single transparent fee with Finaxar

Learn more about how Purchase Financing works Read More

Your queries about Payable Financing, answered

    1.  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.
    2.  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

  1. It is an online process,

    1. Apply – Click on Apply Now

    2. Connect – Link your accounting or trading platforms

    3. Get funds – Post loan approval, get funds within 24 hours. Read More

    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

  1. 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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