There has been a spike among businesses availing of invoice financing, a financing option with a revolving line of credit against unpaid invoices, as a way to improve business cashflow.
One invoice financing provider, OptiPay, has reported that it provided over $25 million in financing since the start of this year, a near ten-fold increase in new client take-ons.
“We’ve had a huge spike in broker-driven enquiries as access to capital becomes more difficult for many businesses,” OptiPay CEO Angus Sedgwick said. “Banks are becoming more risk-averse in the current climate and it’s forcing many businesses to look at alternatives to maintaining their cashflow.”
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Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
