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What is Invoice Financing?

Invoice financing is a process where businesses sell their open invoices to receive immediate payment from third parties. This gives your business the opportunity to get cash immediately instead of waiting for client payments terms to mature.

How does it work?

Signing up for invoice financing through our platform is as simple as 1, 2, 3. First register with your company information and fill out all of the required fields. Your account will then be reviewed by our risk team for approval. Once approved you will have full access to your dashboard and will be able to upload your eligible invoices. You are able to choose which invoices you would like to include to auction. Once your auction is listed you may receive a bid, in which you are able to accept or reject based on if the terms are acceptable to your needs. Upon acceptance of bids the funds will be transferred to your verified bank account on file. Upon the due date of the invoice listed, the invoices funded will be able to be paid directly through your dashboard via wire transfer or e-debit.

Who is the Lender?

Crowdz, a global online marketplace, is the sole lender under the designated program. Their technology empowers small and mid-size enterprises (SMEs) to finance their receivables and cross-border transactions.

What is the Fee?

Receive your cash in advance from as low as 1.5% per invoice.

What is the SuRF (Sustainability, Risk, & Financial) Score?

It’s a powerful payment-reliability metric that assesses the likelihood and timing of repayments. SuRF Score combines both conventional business risk data with Crowdz’s

proprietary payment and repayment data, including repayments of funding within the Crowdz platform.

Once my invoice for sale is accepted, when can I expect to receive funds?

Companies typically complete onboarding and Know-Your-Customer checks within one business day. Once receivables have been uploaded and sold, it typically takes up to 48 hours to receive your funds into their designated bank account.

Who is Qualified?

  • Companies registered in the United Kingdom and European Union
  • Minimum business age of 12 months since incorporation
  • Minimum business revenue of £50,000 a year
  • No PEPs / Sanctions on the Company or Directors
  • No current insolvency proceedings / active County Court Judgements (CCJ’s)

How does payment work to receive my funds?

Angels Den works with Western Union to automatically deposit funds into your connected default bank account upon integration. This process can take up to 5 business days.

How does repayment work?

Since Crowdz (sole lender under the Angels Den Finance program) purchases your receivables, that “Purchaser” now owns that debt. When your buyers pay you for the receivables that were purchased, we just have you forward those amounts to the correct Purchaser. There are instances where the buyer pays the Purchaser directly and in those contracts we will make it clear.

How do I make a repayment?

Users have one payment method and will receive bank account details and reference number to complete a manual payment transfer via your personal bank account or online. This will require you to transfer funds manually through your banking app or online.

When I receive my funds or pay, I see Western Union Business Services as the Payer/Payee. Is this correct?

Yes. With its 170 year history, Western Union is our chosen partner to help move your funds securely. Your funder will receive your payment securely and fast via the Western Union Business Services solution.

Do I need to tell my customers that I am using Angels Den Finance Program?

There’s no need. We will not notify your customers that you are an Angels Den member or use our services.

Will you perform credit checks on my customers?

We look at several data sources, including business credit bureaus, your company, and your customer. Angels Den does not conduct credit checks on individuals. Angel Den pulls publicly available data sources on your enterprise customers to ascertain their likelihood to pay on time. If your customer also has transacted or formed a repayment data trail on the Angels Den platform, we will also use this data to profile the likelihood a receivable issued to them will be paid on time.

How do you check my invoices and why is that necessary?

Angels Den compares uploaded receivables to accounting-system data whenever possible to ensure each uploaded receivable is indeed legitimate. Required fields include Name, Address, Country, City, and State. Funders will only finance customer receivables that check that box.

How many receivables can I sell in a single trade?

There will be a limit to how much you can trade based on individual company data. This amount can increase over time as all participant’s performances are constantly being evaluated for reward.

Can I sell invoices from multiple customers in the same trade?

Yes, you can!