Source: The Australian Australian fintech outfit Waddle has closed its second external debt funding round, raising $50 million...
Cloud-enabled transport operators are a new breed, they get the value “the cloud” brings to bottom line profits. Slow payments, rising costs, taxes and hard to get working capital are classic operator pain points. The key challenges facing operators of transport or logistics companies topping the list are: Cash flow [...]Team Waddle
Invoice Factoring has been a staple financing option for companies with slower cash conversion cycles, but there’s a catch. Though it seems quick and painless, factoring companies often cut deep into profits, taking up to 20% of total sales. Before you factor your invoices, consider the true cost, avoiding shiny headline rates. SEEL [...]Team Waddle
Selling goods or services means you’ll end up providing terms if you intend on growing. Unless you’re cashed up or have the modern invoice financing alternative in place, you’ll need to bridge shortfalls between paying wages and suppliers. Stepping outside of traditional lending products, such as overdrafts and term loans can be a [...]Team Waddle
The term invoice or receivables finance seems to instantly invoke thoughts of factoring in the minds of many business owners and finance directors. Factoring is one of the oldest forms of commercial finance that probably explains this thinking though in more recent times, new technology based lenders are offering very competitive invoice [...]Adam Welsh
Invoice Finance and invoice factoring are two financing terms which are thrown around, confused and widely misused by many lenders in the marketplace. Important: Waddle’ cloud accounting add-on is a unique funding program in Australia and even though it falls under the category of invoice financing, it vastly differs to [...]Team Waddle
We get asked every day how Waddle’s Invoice Finance compares to Invoice Factoring I was speaking with one our new partners in W.A last week (true story) and it took a little time for him to have that “light bulb” moment when he realised that Waddle doesn’t work like invoice factoring at all. Where it does draw [...]Leigh Dunsford
Image credit: KiloKilo You’ve chosen invoice finance because it is fast, short-term, and cheaper than alternatives like unsecured business loans. SEE ALSO: 21 Hidden Invoice Factoring Costs Your Business Needs to Know Now that you’re certain invoice finance is right for you, searching for the best rate is the next challenge. You [...]Team Waddle