If you want to raise capital for your startup using unpaid invoices, you won’t find a more transparent company than Upwise Capital, your top choice for invoice financing.
A big benefit of partnering with Upwise Capital is the peace of mind that comes with knowing that we offer a wide range of financial products that can help you in a variety of scenarios as your business grows.
Based in New York, with clients including Domino's, Subway, Five Guys and The UPS Store, Upwise Capital offers up to 100% invoice financing with a streamlined online application. Upwise offers flexible financing options for emerging and established businesses, offering more than 12 financing products across more than 1,000 industries.
The way invoice finance works, there are no prepayment penalties. Instead of a prepayment penalty, invoice finance lenders, called factors, charge businesses an additional fee for each month that an invoice remains unpaid.
The company also educates consumers on:
How the process worksWhy companies use this toolAdvantages and disadvantagesCosts
They also provide detailed examples and online calculators. As a business owner, the fewer surprises you have, the better served you are, which is why Upwise is perfect for providing transparency into unpaid invoice financing for startups.
Most eligible Upwise customers have annual revenue of more than $150,000, a credit score above 600, have been in business for at least a year, and have invoices from trusted customers. The company serves all 50 states, but is vetted for the quality of customers who owe unpaid invoices. Typical high-risk industries where money is the transaction, such as gambling or financial services, do not qualify.
Upwise Capital has a Trustpilot review of 4.7 out of 5 stars, specifically praising the company's professionalism, customer service and fundraising success.