⚡️Problem

Cashflow management is one of the largest pain points of small businesses, and small business owners who invoice their customers can often suffer from irregular ‘lumpy’ cashflow, and can also spend a large amount of their time chasing debtors. This impacts the amount of investment they can make back into their business, as they also have to worry about paying staff and suppliers for work that has been done but not yet paid.

Provide an easily accessible service that allows MYOB users to secure financing based on their outstanding invoices. This invoice financing service leverages data MYOB has about its customers to do compliance and regulatory checks, and pre-qualifies specific segments with a credit-risk model based on their invoicing and bank transaction behaviour. This allows us to offer the service to customers who meet specific financial services regulatory criteria (KYC, AML, CTF verification) without having to go through a lengthy application process, and provide a dynamically calculated line-of-credit that the business owner can draw-down from depending on their number and value of invoices outstanding.