Video Transcript
Well, the PPSR actually has a dual role. Firstly, to allow any party that is considering advancing or providing credit to a borrower, they could do a search at the PPSR to determine are there any prior ranking financiers that have registered a security interest over that potential borrower. And then secondly, once the financial credit has been advanced to the borrower, the financier lodges their own security registration. Now, they’re formally registered over that borrower, and therefore in the event of the insolvency of that borrower, they are a secured creditor rather than an unsecured creditor of the business in liquidation.
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.
