As an MSME business owner, I know that cash flow can be a major challenge, especially when waiting for invoices to be paid. That’s why I was interested in learning more about invoice discounting and how it could benefit my business. I’ve learned that finding a reliable provider with competitive rates and terms is the first step, and that submitting invoices for approval can lead to an advance of between 70% and 90% of the invoice value. Once the customer pays the invoice, the remaining balance is released, minus fees and charges. Fintech platforms can be especially helpful for MSMEs, as they offer faster approval times, more flexibility in fees, and a user-friendly experience. With these benefits, I can see how invoice discounting through a fintech platform could be an effective way to improve cash flow and access trade finance.
.
