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