What does FundX do?
FundX is a marketplace invoice financing platform that offers a fast, simple and efficient way to fund your businesses cash flow gaps, by advancing payments for outstanding invoices with the click of a button!
We connect your business with investors who can fund your cash flow. Our clients have immediate access to funds based on the value of the outstanding invoices you are looking to have advanced.
FundX is integrated directly into your accounting software, allowing us to clear your chosen invoices immediately, funding you while you wait for payment from your clients. FundX uses big data, machine learning and predictive algorithms to analyse risk and authorise invoice funding in under one minute!
Approved customers can choose to clear any or all of their pending invoices and have funds transferred directly and securely to their nominated bank account within 24 hours.
Our advance rates start at 2% per month depending on the risk level of your company and the rates get lower the more you use FundX.
Whether you need to raise money for business development, expand your workforce or launch new products, FundX provides smart invoice based funding to help you grow your business with confidence.
FundX provides access to low cost short term finance as and when you need it to help you manage your cash flow and grow your business. We typically fund freelancers labour hire, manufacturers, wholesalers, amongst others.
Today, FundX allows sophisticated and institutional investors to directly fund the growth of Australian small to medium businesses that have previously been ignored by the big four banks.