Ips - Invoice Payment System Corporation
IPS - Invoice Payment System Corporation, founded 2003 in Mississauga, Ontario, provides 8-business-hour invoice financing to small and medium-sized Canadian and U.S. businesses across trucking, staffing, manufacturing, construction, and business services via a proprietary credit-scored receivables platform.
- Company typePrivate
- Founded2003
- HeadquartersMississauga, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ips - Invoice Payment System Corporation does
IPS - Invoice Payment System Corporation is a privately held Canadian receivables financing company founded in 2003 and headquartered at 11-1535 Meyerside Drive, Mississauga, Ontario. The company provides invoice financing to small and medium-sized businesses across Canada and the United States, with explicit vertical focus on trucking, staffing, manufacturing, construction, and other business services. Its core promise is to disburse 90% of invoice face value to clients within 8 business hours of deposit, converting accounts receivable into immediate working capital without adding balance-sheet debt.
The underlying IPS System is an end-to-end receivables management platform that ingests invoices through eDeposit (website, email, fax, or EDI), runs credit analysis via the proprietary IPS Payment Index (PI) and a credit database covering thousands of Canadian and U.S. payers, processes payment, e-files documents, handles collections follow-up, posts payments, and produces automated credit reporting. Client-facing tooling includes the IPS Online Account Manager web portal, an electronic cheque payment rail (eCheque) for payers, and an industry-specific IPS Trucking Centre that bundles a Cost Per Mile/Kilometer Calculator, Sales Tracker, Cash Tracker, and CVOR Handbook. The company is organized as a debenture issuer that funds its invoice book by selling notes to noteholders, and it reports a 100% record of meeting redemption requests and interest payments while delivering 7-9% annual yields on cumulative noteholder returns exceeding $33M.
IPS monetizes exclusively through a transaction-based fee of 0.1% per day on financed invoice face value, deducted from a 10% reserve that is rebated at month-end, with no account opening, monthly, lockbox, misdirected, or termination fees. Acquisition is hybrid: a sales-led business development team pursues direct outreach into the named verticals while the website, online application, monthly InfoPays newsletter, and referral channels provide always-on self-serve demand generation. Since inception the company has placed over $2.8B in cumulative funded invoices and reports more than 500% growth in volume served, with no disclosed headcount, revenue, or outside equity funding.
Ips - Invoice Payment System Corporation firmographics
Firmographics- Name
- Ips - Invoice Payment System Corporation
- Legal name
- Invoice Payment System Corporation
- Website
- https://invoicepayment.ca
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- IPS - Invoice Payment System Corporation, founded 2003 in Mississauga, Ontario, provides 8-business-hour invoice financing to small and medium-sized Canadian and U.S. businesses across trucking, staffing, manufacturing, construction, and business services via a proprietary credit-scored receivables platform.
- Ownership category
- akta.pro rank
Ips - Invoice Payment System Corporation industry classification
Industry- Product category
- Invoice Financing / Receivables Management
- NAICS
- Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Invoice Trading / Receivables Marketplace (P2P) (FSAKAHAH)
- akta.pro secondary industries
- Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB), E-Invoicing & Invoice Presentment (B2B/B2G) (FSAMAJAF)
Keywords
Where Ips - Invoice Payment System Corporation is headquartered
LocationHeadquarters
- HQ city
- Mississauga
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Ips - Invoice Payment System Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Others
Revenue model
- Invoice Financing Fees: IPS generates revenue through transaction-based fees charged on invoice financing. The standard fee is 0.1% per day of the invoice face value. Typical structure provides 90% advance to clients with 10% held as reserve/holding fee deposit. Fees are deducted from the reserve, with remainder disbursed as end-of-month rebate. No account opening/closing fees or monthly fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard Invoice Financing - 0.1% per day |
Go-to-market motion2 records
Distribution channels6 records
Marketing channels4 records
Ips - Invoice Payment System Corporation product offering
Product offeringCore offering
IPS Invoice Payment System Corporation provides invoice financing (accounts receivable financing) to small and medium-sized businesses, paying them within 8 business hours of invoice deposit. The company advances typically 90% of the invoice face value, holds 10% as reserve, and collects a fee of 0.1% per day. Services include electronic invoice deposit (eDeposit), a web-based Online Account Manager, receivables management, online eCheque payer payments, and a proprietary IPS Payment Index credit database.
Product overview
IPS Invoice Payment System is a single-product invoice financing platform that pays businesses within 8 business hours of invoice deposit. The core offering — the IPS Invoice Payment System — is supported by the IPS Online Account Manager web portal and the IPS eDeposit electronic submission feature. Industry-specific modules include the IPS Trucking Centre (with Cost Per Mile Calculator, Sales Tracker, Cash Tracker, and CVOR Handbook) and a Broker-Carrier Program. Complementary services comprise Invoice Receivable Management, Business Credit Information (IPS Payment Index), and IPS Online Payments (eCheque). The company also publishes the InfoPays Newsletter. Founded in 2003, IPS has facilitated over $2.8B in cumulative placed funds and delivers 7–9% annual yields to noteholders.
Differentiator
Problem solved
Functional benefit
Products and services
- IPS Invoice Financing (8-Hour Promise) Flagship invoice financing service that converts accounts receivable into immediate working capital within 8 business hours, providing typically 90% of invoice value as advance with 10% held as reserve.
- IPS Online Account Manager
Quantifiable outcome
- 100% of redemption requests and interest payments met to noteholders
- +5 more outcomes
Companies that use Ips - Invoice Payment System Corporation
Customer profileSegments5 records
Ideal customer profiles5 records
Ips - Invoice Payment System Corporation technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Ips - Invoice Payment System Corporation partnerships and signals
Strategic signalScale indicators8 records
Recent moves6 records
Expansion highlights5 records
Ips - Invoice Payment System Corporation competitors and assessment
Company assessmentDirect peers
- Riviera Finance: Riviera Finance is a non-bank factoring company offering invoice financing and receivables management to SMBs, with comparable small-ticket factoring economics and verticals to IPS.
- eCapital: eCapital provides invoice factoring and working capital solutions with particular strength in the trucking and transportation vertical, closely mirroring IPS's trucking-segment focus.
- BlueVine: BlueVine provides invoice factoring and revolving lines of credit to U.S. SMBs, directly competing with IPS's core invoice financing offering for working-capital-starved small businesses.
- Fundbox: Fundbox offers short-term working capital advances to SMBs, including invoice-based financing products integrated into accounting platforms, competing for the same receivables-financing wallet.
- CAN Capital: CAN Capital provides working capital loans and merchant cash advances to SMBs, comparable to IPS in customer profile and use case though with a broader product set beyond invoice financing.
- Accord Financial: Accord Financial is a Canadian specialty finance company offering factoring, receivables purchasing, and asset-based lending, directly comparable to IPS's invoice financing model in the Canadian SMB market.
- TAFCO (Transportation Accounts Forfeiture Company): TAFCO specializes in transportation factoring for carriers and freight brokers in North America, directly competing with IPS Trucking Centre and broker-carrier program.
Emerging players
- Versapay: Versapay combines invoice presentment, AR automation, and financing for B2B billers, overlapping with IPS's receivables management and invoice deposit capabilities from a software-led angle.
Broad incumbents
- Bibby Financial Services: Bibby Financial Services is a large, established global invoice factoring and receivables financing provider serving SMBs, comparable to IPS in core product but with broader geographic reach and larger deal sizes.
Regional players
- Crown Capital: Crown Capital is a Canadian factoring company serving SMBs across Canada, directly comparable to IPS in product offering and geography but operating primarily as a regional competitor.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ips - Invoice Payment System Corporation social profiles
Digital presenceIps - Invoice Payment System Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ips - Invoice Payment System Corporation leadership team
Management profileNumber of profiles
Ips - Invoice Payment System Corporation funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ips - Invoice Payment System Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ips - Invoice Payment System Corporation
What does Ips - Invoice Payment System Corporation do?
IPS Invoice Payment System Corporation provides invoice financing (accounts receivable financing) to small and medium-sized businesses, paying them within 8 business hours of invoice deposit. The company advances typically 90% of the invoice face value, holds 10% as reserve, and collects a fee of 0.1% per day. Services include electronic invoice deposit (eDeposit), a web-based Online Account Manager, receivables management, online eCheque payer payments, and a proprietary IPS Payment Index credit database.
Is Ips - Invoice Payment System Corporation a public or private company?
Ips - Invoice Payment System Corporation is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ips - Invoice Payment System Corporation founded?
Ips - Invoice Payment System Corporation was founded in 2003. It employs 11 to 50 people.
Where is Ips - Invoice Payment System Corporation based?
Ips - Invoice Payment System Corporation is headquartered in Mississauga, Canada, in the North America region.
How does Ips - Invoice Payment System Corporation make money?
One revenue line is on record: invoice Financing Fees.
Who are Ips - Invoice Payment System Corporation's main competitors?
Direct peers on record are Riviera Finance, eCapital, BlueVine, Fundbox, CAN Capital, Accord Financial and TAFCO (Transportation Accounts Forfeiture Company). Versapay is listed as an emerging player. Bibby Financial Services is listed as a broad incumbent. Crown Capital is listed as a regional player.
Does Ips - Invoice Payment System Corporation have an API?
No public API is recorded for Ips - Invoice Payment System Corporation.
What industry is Ips - Invoice Payment System Corporation in?
Ips - Invoice Payment System Corporation's product category is Invoice Financing / Receivables Management. Its primary akta.pro industry code is FSAKAHAH, Invoice Trading / Receivables Marketplace (P2P), with a secondary code of BPAAAGAB, Accounts Receivable (Invoicing, Cash Application, Deductions). Its NAICS code is 52222 and its SIC code is 6153.