FundTap increases your business’ short-term cash flow. Your outstanding invoices turn into immediate cash so you can grow and run your business, without being restricted by a shortage of cash.
FundTap is easy, quick and paperless. You do not need to spend your time collecting information for us. The sign-up process takes only 5-10 minutes. Subsequent funding is as quick as logging in and selecting the invoices. You can have funds in your account within hours so you can spend your valuable time growing and running your business.
You create a free FundTap account and follow the prompts to seamlessly link your cloud accounting system. You will then see a list of your customers’ outstanding invoices. Now you can select the outstanding invoices you wish to have funded by FundTap.
The amount you will receive and the fees are displayed so you have all the information you need to make a decision. The funds are deposited into your account, usually wihtin hours.
After the invoice due date, FundTap will direct debit your account for the amount advanced and the fee. Done! The simple way to manage cash flow.
We have built FundTap from the ground up to streamline the funding proces for you. Once you have created a free FundTap account you will be directed to Sync your invoices. Here you will be asked to provide authorsation to link your accounting system to FundTap by entering your user name and password. You’re done. It’s that simple.
Like other lenders, we need access to some of your businesses financial information. Unlike other lenders, by accessing your accounting system, we save you from having to manually obtain and upload this information.
We need access to your financial information and the history of your debtor’s payments. We do not access any information on your employees, any details about your customer’s employees or any inventory information.
We are keenly aware of the trust placed in us.
We understand this can happen. Just let us know and we can recalculate the fee and reschedule the direct debit to follow your customer’s new payment date.
No problem. If you pay early there are no extra charges. In fact, we recalculate and reduce your fee to reflect the reduced time. To pay early, get in contact with FundTap to either pay us directly, or we can reschedule the direct debit date.
Factoring is similar to what FundTap does in that factoring is based on extracting funding from your invoices.
FundTap has many advantages over factoring companies. Factoring companies take over all of your debtors’ ledgers, lock you into an ongoing contract and charge you monthly administration fees.
FundTap allows you to choose exactly which individual invoices, and how many invoices you wish to sell, in order to fix your cash flow. The power is in your hands – we have no locked-in contracts and we don’t charge monthly administration fees.
Our fee starts as low as 4% of the invoice value. We don’t have any sign-up fees, administration fees, documentation fees, early repayment fees, monthly or annual fees. The only fee you pay is for the funding you receive. You are in control of the costs.
To ensure you can make the right funding decision, we show you the cost before you decide to go ahead. We have a handy funding and fee calculator here.
No. We buy your invoices and so we are not lending money. Because of this, your ability to borrow money from your bank or other lenders is not affected.
No. You have spent time carefully building relationships with your customers and we will in no way jeopardise this. Your customer does not know you are using FundTap to bring forward funding to secure your business cash flow.
NO monthly fees, NO setup fees, NO system fees….
We fund your business, you pay one simple fee
$ 4,000 invoice
You will receive funds of
*Fees may vary with each customer. You can always see the total fee before submitting invoices for funding.