KyoPay is an online auction platform where we allow the businesses and investors to trade on approved invoices receivables.
Register and accomplish basic ‘KYC/AML’ requirements
Upload invoice receivable/s and wait for verification and approval
Invoices will be awarded to the Funder with the highest bid amount
Discounted funds are transferred to the Invoice Seller within 1 - 3 days
Our platform’s simple interface enables users to easily navigate and monitor the status of their invoices, fund transfers, and collectibles.
It’s integration with local banks allows the secure and speedy transfer of payment.
Data, including transaction and user information will only be visible and accessible to parties directly involved in an invoice transaction and only to those explicitly granted access to this information.
During an auction, the discount may change as bids come in from more potential Funders. A Seller's invoice might start with a 5% discount, but bidders push it down to 4% or 3%.
The auction bidding process leads to dynamic pricing which results to cheaper cost of money for the Seller.
Source of funds come from 3rd party buyers, usually High Net Worth Individuals and MFIs. Compared to Banks processing takes only 1 - 3 business days.
Amount to be discounted is equivalent to the full value of the invoice less applicable taxes
Basis of Credit
The Seller of the invoice is not the main basis for credit rating checks. Credit is based on the financial standing of the invoice seller's clients whom they provided the product or service to.
|Bought by Banks||Bought by 3rd Party Investors|
|100% is discounted||70% - 80% is discounted|
|Hard Collateral||No Collateral|
|3 - 6 wks processing||3 days processing|