Quick and flexible
Upon accepting the invoice by the buyer, it is possible to receive cash within 24 hours.
Quick and smart - Buy or sell invoices
Inwise is a factoring platform, where companies can sell their receivable invoices at the auction to investors with the highest bid. By investing in these invoices investors will obtain via Inwise new short-term investment instruments with a low risk and good return.
Try now! or Read more about Inwise
CREDIT INSURANCE
How it works
Compared to banks, the Inwise solution is quick, flexible and favourable. Inwise does not limit companies contractually or analyse financials, or do any credit decisions. A company can sell its invoices just when a quick working capital need arises.
A seller logs in
A seller submits invoice details
Inwise checks the invoice
Investors participate at the auction
Seller receives cash
Last auctions
We are a trustworthy factoring platform with an active user base, providing a facility for their capital productivity.
| Period | Invoice amount | Paid to seller | Yearly interest rate |
|---|---|---|---|
| 57 days | 11 309,60€ | 11 051,74€ (97.720%) | 14.736% |
| 57 days | 10 186,42€ | 9 954,17€ (97.720%) | 14.736% |
| 57 days | 10 415,60€ | 10 178,12€ (97.720%) | 14.736% |
| 57 days | 9 012,80€ | 8 807,31€ (97.720%) | 14.736% |
| 58 days | 14 613,60€ | 14 274,56€ (97.680%) | 14.742% |
| 58 days | 3 619,64€ | 3 556,66€ (98.260%) | 10.991% |
| 57 days | 9 308,41€ | 9 096,18€ (97.720%) | 14.736% |
| 45 days | 179,71€ | 177,28€ (98.648%) | 10.966% |
Best price
By selling the invoice at the auction the seller gets the best possible price on the market.
Small fee
The Inwise fee is up to 0.5% from all invoices irrespective of their amount. Compared to banks we do not use hidden fees.
No collateral required
Using Inwise there is no need for collateral like pledges, personal sureties, etc.
Confidential
Regarding the invoice, Inwise does not disclose any information other than the aggregate of the invoice and the company the invoice is presented for.
For entrepreneurs
Quick and easy
It is possible to receive cash within several hours in case an investor uses the “Buy it now” option.
No limits or commitments
There is no limit for invoices sold via Inwise. We do not commit invoice sellers contractually like banks. A company can sell its invoices at any time, when there is a need to speed up the cash flow in order to cover expenses or make a favourable business transaction using a prepayment.
Reliable
Different from banks, Inwise is focused on buyers, not invoice sellers. Parameters hold the trustworthiness of the company the invoice is presented for, as well as the condition that the goods are handed over to the buyer in, and the buyer has irrevocably promised to pay the invoice.
No paperwork or bureaucracy
There is only a user agreement to be signed with Inwise. Selling invoices is paper-free.
| Bank | Inwise |
|---|---|
| 0,8-1,4% monthly + other fees * | 1-2% for 30-45-day invoice |
| Contract is needed | No contract |
| To start go to the bank | Start in internet |
| Transaction limits | Unlimited volume |
| Sureties, pledges required | No securities |
| Cash disbursement 80-85% |
Cash disbursement up to 99% |
For investor
Inwise provides investors with a new facility for short-term investment with a measurable risk to companies’ cash flow by buying their receivables - sales invoices. This enables investors to receive satisfying returns with a moderate financial risk out of their short-term, up to 60-day investment.
Example return for 10,000 EUR 12-month investment
P2P platforms
10 732,20
EUR
7-12% annually with an unpaid loan credit risk
Inwise
11 800,00
EUR
12–24% annually depending on invoice maturity and a result of the auction
Bank deposit
10 041,73
EUR
0.3–2% annually
Satisfying return and moderate financial risk
from short-term investments
The Inwise commission fee for investors is a flat 20% from their return, when the invoice is paid. No hidden fees.
Reliable
Inwise enables invoices to be sold at the auction only after it is confirmed by the buyer that goods are delivered, there are no disputes over amounts or quality or possibility to return the goods and the invoice is to be irrevocably paid.
Insured
Inwise offers in cooperation with KredEx Krediidikindlustuse AS the possibility to insure purchased invoices against any insolvency of the buyer. Buying the insurance policy via the Inwise platform is convenient and Inwise will take care of all questions concerning KredEx credit insurance.
Convenient
The investor will obtain the claim arising from the purchased invoice but Inwise according to investors’ proxy is to take care of all management being concurrently a security agent.
Confidential
The invoice seller will not know
who purchased the invoice.
Who is behind Inwise?
Indrek Vilms
Founder of Inwise
I have worked in banking nearly 15 years carrying out different positions involving management (CEO of TBB Liising AS), legal (Tallinn Business Bank), sale (Swedbank and DNB Bank) and risk (Head of Restructuring and Workout in DNB Bank).
I have a law degree from the University of Tartu.
The idea - When working in the financial sector I realised that banks consistently do not have a close relationship with their clients, especially SME sector customers. When clients need quick and easy solutions for their financing cash-flow needs, then often it is not possible or it is too costly or time-consuming. When relating with entrepreneurs the idea was born to create a platform where entrepreneurs and investors could sell and buy invoices without using banks’ inconvenient factoring services. .
Two business problems will be solved:
- companies can release their cash from trade receivables quickly without banks involvement;
- investors get new secure investment instruments, which give better return for short-term funds comparing available alternatives.
I believe that specialised alternative financial solutions meet customers real needs and expectations better compared banks’ classical services.
Contact us
Do not hesitate to contact us. Our team will give its best to help you out.
SupplierPlus Group OÜ
Soo tn 2, Tallinn, 10414
info@inwise.co
+372 600 2420
Registration number 12871059
VAT number EE101801797
EE877700771001601232, AS LHV Pank, Tallinn, Estonia
BIC/SWIFT: LHVBEE22