Your customer, or your network, can get paid faster or extend their time to pay with a credit stretch. And you can earn 0,5% for every credit stretch they make.
What our Fellows get:
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No. And we only care about credit checking the part that receives the invoice. It won’t affect your credit rating when you make a credit stretch.
No, we simplified the process. There’s no financial interrogation involved and you don’t have to show your accounts. Just upload an invoice and we'll give you a quick answer.
No. Unlike other finance providers, Fellow Pay benefits the buyer and seller at the same time. The buyer can now get 60 days extra to pay while the supplier gets paid now. The supplier will be paid for most of the invoice, solving both of your problems at the same time. It's win/win.
Most finance providers can’t service smaller, less creditworthy SMEs. But we can. If the invoice receiver is creditworthy, we will finance them and give the invoice issuer 60 days to pay.
We only credit check the invoice receiver. We don’t even look at the invoice issuer. If the invoice receiver isn't creditworthy you could try an invoice from another customer.