BillMarket works by using Equifax’s Small Business Grade to establish a credit limit Canadian businesses can use to extend payments. Businesses can learn how much credit they are eligible to access by registering with BillMarket and reviewing their certification report.
According to the companies, financing via BillMarket allows small businesses more time to pay suppliers, increased purchasing power, and the ability to deepen relationships with business partners considering potential spending and prompt payment.
SMEs must be based in Canada, in operation for at least six months, and have average monthly sales of at least USD 7,000. Thinking Capital was acquired by Purpose Investments in May 2018 in a deal reportedly valued at more than USD 200 million.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.