Flinqer reports EUR 50 mln invoice value; launches SME app for invoice payments

Friday 15 November 2013 09:33 CET | News

Dutch collaborative cash management network Flinqer has reported to have reached EUR 50 million invoice value paid to suppliers by customers via its online cash management platform.

In addition, Flinqer has launched an application which enables customers to receive notifications in case their receivables are available for payment.

With this solution, merchants get push notifications in case their outstanding receivables are approved by their customers and available for immediate payment, instead of the original due date.

The app is available for iOS and Android and can be downloaded at the iTunes and Google Play app stores.

Established in 2010, Flinqer is a start-up company looking to facilitate more flexible cash management for medium and large companies. Like supply chain management optimizes the flow of goods between business partners throughout the chain, Flinqer introduces a means to achieve a similar impact on the flow of cash between businesses throughout the chain.

In July 2013, Flinqer reported to have settled 40 percent more invoice value in the Q2 compared to the Q1 (EUR 9 million).

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Keywords: Flinqer, invoice value, SME app for invoice payments, e-invoicing
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech

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