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.
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.
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.
Receive your cash in advance from as low as 1.5% per invoice.
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.
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.
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.
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.
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.
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.
There’s no need. We will not notify your customers that you are an Angels Den member or use our services.
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.
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.
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.
Yes, you can!
The Angels Den Finance Program is made possible through technology powered by Crowdz, creators of the Crowdz Receivables Marketplace.
All transactions are voluntary.
Angels Den Finance Program is not making representation on the tax consequences of the transaction. Please contact your tax advisor for guidance.
The AR transactions conducted on this platform are unaffiliated with the client engagements, transactions, and deliverables provided to Angels Den.
To contact Angels Den about this program, email support@angelsdenfinance.com
This service, with respect to Angels Den’s role, is a referral and introduction provided as-is. By participating in the Angels Den Finance Program, you understand that Angels Den, in respect of this program, is a referrer only, and you agree that Angels Den will have no liability and that you will indemnify and hold harmless Angels Den against any claim, action, liability, loss, injury, or damage to you or any other person or entity due in whole or in part, directly or indirectly, by reason of your participation in the Program.
Further, you agree that Angels Den is not responsible for the performance of technology or financial products you receive or expected to receive in connection with the Program; nor errors in these terms, in any Program-related materials; nor human-processing error or inaccurate information due to whatever cause. Angels Den and the partners to which it refers reserve the right to change or cancel the Program at any time, without notice, subject to the terms of your agreements with the services to which you are referred by your use of this Program.
Copyright © 2021. All rights reserved.