FAQs

Invoice financing is a cash flow solution that enables businesses to get advances on money owed by customers upon completion of goods or rendered services, without waiting for the delays of payment terms that can range from 30 days to 90 days.

Invoice Financing is suitable in the case of a business deciding to sell their invoices (upon completion of goods or rendered services) to a third party, a Financing or Factoring company at a discount, such as to Orpheus. Orpheus then takes over the task of collecting the receivables by the predetermined deadline. With Invoice financing, you can get instant upfront payment of up to 80% of the invoice amount without having to wait for the payment terms from your customer.

For invoice financing, up to 80% of the invoice value will be disbursed into your bank’s account as quickly as within 24-48 hours.

Maximum up to 80% of invoice or contract value. We are able to offer financing beginning from RM10,000 (minimum) and up to RM 500,000 (maximum). The tenure of the facility is up to 6 months or 180 days.

Apart from the cost of financing, there is a one- off platform fee (one-time platform fees of 1.5% of invoice/contract value) and an admin fee (RM 750 one-time). 

There will be a late payment fees incurred and all the additional amounts will be donated into charities.

8 documents are required to be prepared by you for the Invoice Financing application, which are : 

• Your bank statements of the last 3 months
• Photocopy of IC
• Joint and Several Guarantee 
• Director’s Resolution
• Letter of Factoring
• Letter of Consent
• Invoice
• Facility Agreement

and the rest of the documents are digitally prepared by our platform.

Yes, the platform will send a notification via email informing them on the arrangement of payment assignment to Orpheus.