Select the invoices you’d like to cash in, and we’ll fund them in as little as 2 hours.
There are two main types of selective invoice finance, invoice factoring and invoice discounting. While the concepts are similar, there are some key differences to keep in mind.
Instant cash
Payment collection
Customer contact
Ledger & credit control
One or more invoices
Fees based on invoice
One-off or occasional
Instant cash
Payment collection
Customer contact
Ledger & credit control
One or more invoices
Fees based on invoice
One-off or occasional
Free up funds when you need them most.
Control your finances with our award-winning tool.
Get your funds deposited in as little as two hours.
Our selective invoice finance software gives your business the cash flow you need to thrive.
Make sure you get paid on time, every time, and build strong connections with your suppliers and customers.
Unlock your working capital by freeing up funds tied to outstanding invoices so your business can grow without delay.
Avoid costly interest charges and late payment fees so you can focus on what matters most – your business.
It’s quick and easy to set up; we buy your unpaid invoice for slightly less than the total, and you get paid in as little as 2 hours. We then own that invoice, so you don’t have to worry about chasing late payments.
Sign up to create your free account in just a few minutes.
Submit your invoice and get an instant quote with our selective invoice finance calculator.
We’ll deposit the funds into your bank account in as little as 2 hours from approval!
With our real-time results, you can discover how much funding you can access straight away. Simply enter a few details to get your instant quote. Create a free account and give it a go - it’s that easy.
Selective invoice financing lets businesses choose specific invoices to fund against, unlocking working capital based on what your customers owe you. Also referred to as spot factoring or single invoice finance, this type of funding is a cost-effective solution for business owners who don't want to raise their entire sales ledger.
This helps companies maintain healthy cash flow and mitigate seasonal fluctuations and dips in working capital.
After advancing an invoice, a huge percentage of the invoice value gets released instantly, so there’s no need to wait for lengthy payment terms.
Penny offers selective invoice finance for sole traders and small businesses. Unlike other UK selective invoice finance providers, we buy 100% of your invoice for a small fixed fee.
Registering and submitting an invoice with us takes less than 10 minutes. You’ll receive funding within 24 hours for new users, and once you’re up and running, you can get the funds in as little as 2 hours.
You get working capital when you need it most, and we offer different options for repayment. It’s that simple.
We offer a confidential option where your customers won’t know that you’re financing their invoices. This is also known as confidential invoice discounting.
Over 10,000 business owners have already changed the way they manage their cash flow.