Invoice factoring vs. Fundbox.
Every invoice factoring service operates a little differently. You may have heard of invoice factoring or invoice discounting, but with both you access funds from an unpaid invoice. With invoice factoring, you sell your unpaid invoices to the factoring company and they collect payment directly from your customers. You also likely will receive 60-95% of the invoice value, not the entire amount.
The main difference between Fundbox and invoice factoring is in the interaction with your customers. With Fundbox you continue to work with your customers directly. You also get the full value of the invoice deposited into your bank account right away. Use Fundbox when you need it most and continue to run your business and maintain client relationships as you always have.
For starters, Fundbox is very easy to use. You can register in seconds without any paperwork or personal credit check to get started. Connect your accounting software and we'll give you a credit decision in hours. If you're approved and advance an invoice, funds arrive in your bank account as soon as the next business day. Read more about how Fundbox works.