*Please note: To offer Buyer Finance to your customers via Spenda you must meet the minimum selection criteria, otherwise your application will be automatically rejected.
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What is Buyer Finance?
Buyer Finance is a facility you can offer your customers that allows them to pay you on credit when an invoice is due. Typically, customers choose Buyer Finance to pay suppliers, improving their cash flow through extended payment terms.
How do my customers get extended payment terms?
Customers can use Buyer Finance to pay your invoices when they are due. Spenda offers access to extended payment terms that they repay at a later date.
How it works
STEP
01
Register for a facility
Click here to start offering your customers Buyer Finance.​
STEP
02
Send invoices
Send all your Customer invoices online via Spenda (integrated with your existing invoicing software).
STEP
03
Customer payments
Customers can opt to pay using Buyer Finance (or in full via Card or Bank Account).
Utilise on-demand, point of activity lending to limit your credit exposure and get paid on time, every time, while offering your customers extended payment terms. Your customers can further extend their payment terms when they pay by credit card.*
*Card payment terms and points are dependent on the terms offered by individual credit card providers.
SMARTER DEBTOR MANAGEMENT
Minimise your credit risk
With Buyer Finance, you get paid on time, while we manage the payments with your customers.
GET PAID ON TIME
Fast and secure payments
No more guessing games on when to expect payments. Get paid on or before your payment due date and gain control over the money moving in and out of your business.
IMPROVED CASH FLOW MANAGEMENT
Fund your business growth
Gaining control over your Accounts Receivable gives you the confidence to accurately forecast cash flow and invest in the future needs of your business.
Eligibility criteria
To be eligible for this facility, you must:
Be a supplier, marketplace or distributor
Have been trading for at least 24 months
Have 50 connected customers trading regularly with your business
