Financial platform fronts revenues on pending invoices
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Irregular or delayed payments can stunt the progress of a business, and we’ve already seen how an app is helping turn freelancers’ pay into regular income. BillFront are enabling app and advertising businesses to receive their owed revenue faster. BillFront works by fronting the revenue of a pending invoice. Businesses first sign up and provide information about their existing debtors, including financial details such as how much they expect to get paid each week or month. BillFront will then payout instantly, minus a small administrative fee, and collect the invoice payment later. Receiving payments faster, say BillFront, enables businesses to…
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