InvoiceInterchange

What InvoiceInterchange does

InvoiceInterchange is a Singapore-headquartered alternative finance company (Invoice Interchange Pte Ltd, UEN 201201189C, incorporated 2012) that provides invoice financing to small and medium enterprises in Singapore and Australia. The company advances up to 90% of the value of approved B2B invoices, typically within 24-48 hours, to bridge cash flow gaps caused by 30-90 day customer payment cycles. Its product suite spans Selective Invoice Financing (per-invoice drawdowns on demand), Contract Financing (advances against recurring revenue from ongoing contracts, licenses, or retainers for up to 6 months), Whole Ledger Financing (full receivables ledger financing), and Export Invoice Financing for international trade. The customer profile is small businesses — under 50 employees, under SGD 10M annual revenue — issuing invoices to creditworthy B2B customers in professional services, digital marketing, logistics, wholesale/distribution, and SaaS.

The underlying platform is a cloud-based, self-serve invoice financing system with a native integration into Xero accounting software. Connecting a Xero account generates an indicative offer within minutes, after which eligible invoices are automatically retrieved, validated, and made available for drawdown selection. A real-time dashboard enables self-serve funding requests, while journal postings for drawdowns and repayments are automated back into the customer's Xero ledger. The business model is fully usage-based: a flat transaction fee is charged per invoice financed, plus a discount fee calculated on the daily outstanding advance amount. There are no setup, exit, monthly, annual, or early-payment fees, and no lock-in contracts.

Go-to-market combines a direct digital self-serve application flow (PLG-style), distribution through the Xero app marketplace, a structured referral program for accountants, bookkeepers, and business advisors, and a side capital-supply program called 'Becoming an Investor' that recruits individuals and institutions to fund the receivables pool. The company is small — 1-10 employees, founder/management-led with Brian Teng as CEO and Nalinee Chinowuthichai as COO — and privately held with no disclosed institutional funding despite 10+ years of operation. Brand recognition is supported by press features in The Straits Times, Singapore Business Review, Deal Street Asia, The Edge Malaysia, and Asia Outlook, plus a Fintech Awards finalist recognition, SITF acknowledgment, and Fintech Frontier 16 participation.

Name

InvoiceInterchange

Legal name

Invoice Interchange Pte Ltd

Website

https://invoiceinterchange.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

InvoiceInterchange is a Singapore-based alternative finance platform that provides invoice financing to SMEs in Singapore and Australia, advancing up to 90% of invoice value within 24-48 hours via a Xero-integrated, self-serve digital platform.

Ownership category

akta.pro rank

Product category

SME Invoice Financing

NAICS

Miscellaneous Intermediation (523910), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Invoice Trading / Receivables Marketplace (P2P) (FSAKAHAH)

akta.pro secondary industries

Invoice Financing & Factoring (FSAKAGAC), Invoice Financing, Factoring & Receivables Management (FSAGAJAB), Invoice Factoring & Receivables Finance Brokerage (FSAEAEAO), Trade & Invoice Payments (Cross-Border B2B) (FSAMAIAL)

Keywords

• Invoice financing
• SME working capital
• Receivables discounting
• Alternative lending
• P2P invoice trading

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Transaction Fee: A flat percentage charged per invoice financed. Applied each time a business draws down against an invoice. This is the primary usage-based revenue stream, billed per transaction.
2. Discount Fee (Interest): Interest calculated on the daily outstanding advance amount, meaning businesses only pay for the time they have the funds. This is a usage-based fee proportional to how long funds are outstanding.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

InvoiceInterchange operates a peer-to-peer invoice trading marketplace that provides invoice financing solutions to SMEs in Singapore and Australia. Businesses can draw down funds against their outstanding B2B invoices for amounts between SGD 10,000 and SGD 1,000,000, receiving up to 90% of invoice value typically within 24-48 hours. The platform offers Selective Invoice Financing, Contract Financing, and Whole Ledger Financing products, with an Export Invoice Financing variant for international transactions, all delivered through a cloud-based platform with native Xero integration.

Product overview

InvoiceInterchange is an alternative finance company specialising in invoice financing solutions for SMEs in Singapore and Australia. The product portfolio consists of three core invoice finance products: Selective Invoice Financing (flexible, choose-specific-invoices model), Contract Financing (for recurring revenue from ongoing contracts), and Whole Ledger Financing (full ledger financing). The platform offers Xero integration for automated processes and provides advances of up to 90% of invoice value within 24-48 hours. Export Invoice Financing is available as a specialised variant for international transactions. The company emphasises transparency with no lock-in contracts, no setup fees, no exit fees, and no monthly/annual fees.

Differentiator

Problem solved

Functional benefit

Products and services

• Selective Invoice Financing Flexible invoice finance solution that allows SMEs to draw down funds against single or multiple invoices on an as-needed basis, with no lock-in contracts, no obligation to commit the whole sales ledger, and optional Xero integration to reduce admin. The facility is self-liquidating as customers pay the invoices, and users decide which invoices to fund and pay only when they use the facility.
• Contract Financing Funding solution that brings forward cash flow against future recurring revenue from ongoing contracts, licenses, or retainers for up to 6 months. Helps smooth lumpy cash flows, fund project upfront costs, and provides confidence to bid on SaaS contracts that pay annually.
• Whole Ledger Financing Short-term financing solution that provides access to funds by drawing down against the entire accounts receivables ledger, with advances up to 90% of accounts receivables. Includes the option to connect a Xero account to automate the funding process and reduce admin.
• Export Invoice Financing Short-term finance solution enabling exporters to receive early payment on international invoices. Provides advances of up to 90% of invoice value within 24-48 hours. Designed for companies exporting products or services to creditworthy international B2B customers with 30-90 day payment terms, helping manage foreign exchange (FX) risk by reducing exposure period to currency volatility.

Quantifiable outcome

• Up to 90% of invoice value advanced within 24 hours
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

One partnership is on record.

• XerocoreTechnology or IntegrationInvoiceInterchange has a deep technology integration with Xero, the cloud accounting platform. The partnership enables: (1) faster credit decisions by reviewing financial data, bank transactions, aged receivables, and invoices from Xero; (2) automated retrieval of eligible invoices for drawdown selection; (3) automated journal postings for fund drawdowns and repayments directly in Xero; (4) indicative offer within minutes of connecting a Xero account; and (5) customisable Xero account mapping for financing entries. Both companies share a vision of using technology to make finance easier for businesses.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Fundbox: US fintech providing SMB working-capital advances repaid via receivables/invoices. Comparable receivables-driven product model and SMB target market, primarily US-focused.

Broad incumbents

• Funding Circle: Global P2P/SME lending platform offering term loans and invoice financing. Comparable in marketplace-based SME lending but operates at much larger scale and across multiple products.
• BlueVine: US-based fintech offering invoice factoring and lines of credit to SMBs. Comparable invoice-financing product and SMB customer segment, but broader suite of working-capital products and much larger scale.

Direct peers

• Funding Societies (Modalku): Southeast Asia's largest P2P/SME lending marketplace operating across Singapore, Malaysia, Indonesia, Thailand, and Vietnam. Directly overlaps with InvoiceInterchange on Singapore SME invoice financing and marketplace-based capital sourcing.
• Credibly: US-based SMB working-capital provider offering invoice factoring and merchant cash advances. Comparable invoice-based financing to SMEs with similar speed-of-funding positioning.
• Capital Match: Singapore-based peer-to-peer invoice financing marketplace that was acquired by Funding Societies. Directly comparable P2P invoice-discounting model and SME target customers.
• Liquidity Finance: Invoice financing marketplace offering selective and whole-ledger invoice advances to SMEs via a digital platform, closely matching InvoiceInterchange's core product positioning.
• Validus Capital: Singapore-headquartered SME financing platform offering invoice financing and working-capital loans to SMEs. Directly comparable product offering and customer segment within Singapore.
• MarketInvoice: UK-based invoice trading marketplace that advanced funds against SME invoices by selling receivables to a pool of investors. It is the closest direct analogue to InvoiceInterchange's P2P invoice-discounting model and customer segment.

Regional players

• Goldbell Financial Services: Singapore-based asset financing and invoice discounting provider serving SMEs. Comparable invoice-discounting product offering for the same Singapore SME customer base, delivered through a more traditional (non-marketplace) model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/InvoiceInterchg
• YouTubeyoutube.com/channel/UCyf6aN1cYZ6zL0v3tBvY9kQ
• Facebookfacebook.com/invoiceinterchange
• LinkedInlinkedin.com/company/invoiceinterchange
• Instagraminstagram.com/invoiceinterchange

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about InvoiceInterchange