Acudeen in the Philippines
Acudeen is an online platform for receivables discounting Our technology allows businesses to sell their receivables to our network of funders enabling them to receive funds ahead of time. How Acudeen Works We provide a sustainable solution helping SMEs to finance their invoices ahead of time and an alternative way for Funders to earn and […]
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Acudeen is an online platform for receivables discounting
Our technology allows businesses to sell their receivables to our network of funders enabling them to receive funds ahead of time.
How Acudeen Works
We provide a sustainable solution helping SMEs to finance their invoices ahead of time and an alternative way for Funders to earn and diversify their income.
- SMEs uploads their invoice
- Invoices up for verification
- Verified invoices up for auction
- Funders bid on available invoices
- Invoice ownership is granted to winning bid, SMEs gets paid
- Funder receives repayment on maturity date of the invoice
Understanding Invoice Discounting
Invoice discounting is a flexible financial solution to businesses that has one or more unpaid invoices. This concept lets businesses sell their invoices to funders for the sum of their outstanding balances, here’s an explainer video for personalized just for you. Cash flow plays a vital role for every business because it enables them to operate efficiently on a day to day basis. Having a positive cash flow allows an entrepreneur to supply and finance their resources smoothly. Many of these small and medium enterprises struggle when larger corporation demands 30 to 120 days before they can receive their payment. This standard practice is killing their businesses.
Benefits of Invoice Discounting
- Improve your cash flow. Ensure that your business has access to cash anytime, anywhere
- Grow your business. Empower your business to take on more projects and orders from clients
- Increase profitability. Provide early payments to your suppliers and take advantage of early payment discounts
Product Features
| Min. financing amount | ₱1000000 |
| Max. financing amount | Up to ₱10000000 |
| Min. loan tenure | 1 months |
| Max. loan tenure | 12 months |
| Interest rate | 1% - 10% |
| Approval duration | Up to 24 hours |
| Debt consolidation | Yes |
Example of calculating interest and loan payments
| TERM | 1 months | 2 months | 3 months | 4 months | 12 months |
| LOAN AMOUNT | ₱5000000 | ₱5000000 | ₱5000000 | ₱5000000 | ₱5000000 |
| FEE | 1% | 1% | 1% | 1% | 1% |
| INTEREST AMOUNT | ₱4167 | ₱8333 | ₱12500 | ₱16667 | ₱50000 |
| TOTAL REPAYMENT | ₱5004167 | ₱5008333 | ₱5012500 | ₱5016667 | ₱5050000 |
Other Requirements
| Need to open linked banked account? | Yes |
FAQ
For you must be at least 18 years old to participate in the program. Both Filipinos and foreign citizens are eligible.
For institutions can participate as local and foreign financial, management or investment firms.
There are two sides to evaluating and evaluating:
Payor Payment Score
Payments that relate to customers of account Sellers are subject to evaluation.Acudeen has partnered with selected credit bureaus to use their historical data as part of its verification system, combined with the risk of delay and non-fulfillment of the transaction based on the experience of the payer and seller.
Evaluation of the seller’s reputation is Obtained from initial registration to actual participation in the platform of account sellers, ensuring the integrity and quality of companies joining the Acudeen platform.
Acudeen online store allows sponsors to place bets on specific accounts of their choice, all of which have been verified by Acudeen, the Average earnings of our sponsors is 15-25% per year.
Contacts
| Full company name | Acudeen |
| Address | Unit-7E Cypress Gardens Condominium, 112 VA Rufino Street, Legazpi Village, Makati City, Metro Manila, Philippines 1229 |
| Phone number | info@acudeen.com |
| (02) 8-817-0440 | |
| Social networks |
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