Big picture: "Selling invoices at a discounted price via an online marketplace"
FinTech profile: Acudeen is an innovative online trading marketplace that matches owners of invoices for which they need immediate payment to holders of funds looking to invest. It enables Philippines SMEs to auction their invoices to the best funder – the owner of the invoice sets the maximum cost of finance, and funders bid the price down to give the business the lowest cost of finance, meaning access to funds at really competitive costs.
Acudeen is based on an innovative financial technology, easy-to-use features (in just few clicks), flexibility (no volume or timeframe conditions) and transparency (no hidden fees).
As a two-sided marketplace, we don't need to be regulated by any financial authorities or holding any licenses because Acudeen is not based on a securization structure.
Minimum financial package: The minimum invoice value is around 52,900PHP.
Investors and borrowers profiles: Borrowers are SMEs and startups; investors are institutionals such as Family Offices, Hedge Funds, HNWI ..
Purpose: In providing them a short-term funding solution with competitive advantages, SMEs will be able support their growth, invest in their current projects and further developments.
We provides a fast and convenient cash flow solution for businesses by unlocking the value of accounts receivables (sales ledger). It allows SMEs to sell billed but unpaid invoices at a discount to investors for an immediate cash injection rather than waiting 30/60/90 days for their customers to pay.
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