Flinqer reduces cost of invoices paid immediately to 5,5% APR

Tuesday 1 April 2014 13:58 CET | News

Dutch collaborative cash management network Flinqer has unveiled that as of April 1, the cost of getting invoices paid immediately via Flinqer is reduced to average 5,5% APR.

With this solution, suppliers can decrease the volatility in their cash flow. The reduction is set to make companies less dependent on banks.

According to the company, through sharing invoice status information and optionally, earlier payment of invoices at a discount of 5% APR buyers help their suppliers becoming financially stable.

In November 2013, Flinqer reported to have reached EUR 50 million invoice value paid to suppliers by customers via its online cash management platform.

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Keywords: Flinqer, cost of invoices paid, paid invoices, cash management
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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