Bringing Pay As You Go
working capital to SMEs
Our easy-to-use, online invoice trading auction is a transparent service that empowers SMEs, and allows them to function without the strait-jacket of money that could be put to good use being tied up in outstanding invoices.
As all auctions require buyers and sellers so does Platform Black Invoice Trading, and we are working with some of the most recognised institutional sources of business finance in the market place, plus less traditional buyers such as Liquidity Funds, Family Offices and High Net Worth individuals. All of which means that sellers using Platform Black have access to a wide range of buyers, all competing to win their auctions, by offering them the most favourable terms.
Just one example of our commitment to our Members can be demonstrated by our partnership with Experian, whose credit rating service is integrated into Platform Black, so that our Members have up-to-date credit rating data at their fingertips.
SMEs tell us that traditional forms of invoice finance don’t work for them because Factors and Invoice Discounters insist on taking on their full sales ledger, and there are too many hidden fees along with variable interest payments depending on when a customer settles the invoice. Additionally, there are draw down limits per customer, and they are locked into one interest rate for long periods without the ability to access a free market.
Platform Black, on the other hand, delivers competitively priced working capital
on a Pay As You Go basis.
How does the process work?
SME needs to release funds
tied up in invoices, and registers
as a Seller with Platform Black.
The Seller sets up an Auction,
choosing parameters that
work for them.
Buyers are alerted and start
bidding on the auction.
The Auction closes and the
winning bidder transfers funds
to Platform Black which are
then passed on to the Seller.
The Seller benefits from
Pay As You Go working capital,
and an improved cash flow.
Register to become a member seller
Benefits
Access to fast and flexible finance
- Competitively priced working capital
- Funds within days not months
- Improved cashflow, enhanced liquidity
- No arrangement, annual or exit fees
- No notice period
- Pay As You Go
Case Studies
SME gets PAYG working capital
Day One
Day Two
Day Three
Day Four
Day Five
Inside Sixty Day credit period
Partners
Some of the companies who back us
