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|
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What businesses says about KyoPay Technologies