Business Daily Media

Business Marketing

Invoice Financing Increases

  • Written by Business Daily Media

Access to Traditional Bank Funds Dries Up

Rising interest rates, the cost of living and a growing number of businesses finding themselves in default of their bank loans is leading to a spike in alternative lending options.

Leading Australian financing company OptiPay has issued over $25M in new facilities 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,” says OptiPay CEO Angus Sedgwick.

“Banks are becoming more risk-averse in the current climate and it’s forcing many businesses to look at alternatives to maintaining their cash flow,” he says.

OptiPay specialises in invoice financing - a revolving line of credit against unpaid invoices - to improve business cash flow.

“The majority of new enquiries have come from the agriculture, transport & logistics, mining services and manufacturing,” says Mr Sedgwick.

“Many SME’s are increasingly turning to brokers to facilitate their lending as they juggle unpaid tax debts, supply chain issues and rising inflation.”

“Our main aim is to help businesses that are going through a period of growth and we understand that there are challenges that come with that. As long as they have a good model and they have orders coming in, we can work with them,” he says.

“Any business that invoices another business for goods or services on credit terms is a good candidate for an invoice financing facility,” says Mr Sedgwick.

“Businesses can typically access up to 90% of their sales revenue within 24 hours of issuing the invoice. Unlike more traditional business loans there are no ongoing repayments back to the financier as they are repaid when the debtor makes payment of the invoice/s. The fee paid to the financier usually ranges from <1% up to 3% of the invoice value.”

OptiPay, formerly TIM Finance, provides Australian SMB businesses needing cashflow to grow, with innovative funding solutions such as invoice finance, trade finance, inventory finance and lines of credit. Their range of fast, flexible and affordable financing solutions help businesses solve their cash flow challenges, without the need for property security. Find out more at


How improved revenue management could help your business stay healthy in FY 24

Setting prices based on clients’ buying behaviours and willingness to pay can help you maintain and grow your marketshare and profitability in all sorts of times. Is reviewing your pricing structure high on the agenda this ne...

GEC2023 Speaker Line-up Cuts through Space and Surf

Global Entrepreneurship Congress announces surfing greats turned entrepreneurs Mick Fanning and Kelly Slater, along with astronaut Sara Sabry, have joined the GEC2023 speaker line-up, reflecting the diversity of entrepreneursh...

eToro’s new open-source programming language

eToro, the global multi-asset investment company, has today released the details of Lira, a new open-source programming language for financial contracts. Lira is the first step in bringing the $500 trillion OTC derivatives marke...

Virtual Office
Tomorrow Business Growth