AWARD-WINNING TECHNOLOGY
Join thousands of UK businesses with a free Penny account
Supercharge cash flow
Trade outstanding invoices for instant cash and make late payment problems a thing of the past.
Reduce complexity
Save time on invoice processing with Penny's intuitive account interface and collections service.
Power growth
Maintain a healthy stream of funds to power your operations and seize opportunities as they arise.
Flexible invoice finance, as and when you need it
Picture a world where your business received customer payments in hours, without worrying about extended terms or delays.
Penny makes this world a reality.
Our platform accelerates B2B payments and gets users paid on terms that keep cash flowing through their business.
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With a free Penny account, you can trade outstanding invoices for money in the bank the next working day.
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No ongoing commitments, just flexible payments as and when you need them.
How Penny works
Open an account
Our approach to invoice finance is simple. We don't require long-term commitments, and you don't need to raise your full sales ledger to open an account.
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Once registered, you choose which customer invoices to finance and when.
Select invoices
Log in and upload invoices through your account portal.
After submitting, we quickly validate the invoice details with your customer before offering you a no-obligation quote.
Add customer details
Add customers to your account portal. Debtor details get stored securely for each time you want to submit one of their unpaid invoices for factoring.
Payment in 24hrs
Get paid the total value of your invoice for one small processing fee*. Using Open Banking, we safely deposit the funds into your connected account within 24 working hours. When your customer's payment terms elapse, we get repaid.
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*Average processing fee on a 30-day invoice is 5.1% +VAT
Accounts with built-in flexibility
FREE
ACCOUNT
Penny
No ongoing commitments. Select and submit invoices for funding in 24 hours as and when you need a cash flow boost.
- Flexible invoice factoring - Single or recurring invoices - First time invoice finance users - Improving business liquidity - Low risk funding - Startups, sole traders, micro and small businesses
MONTHLY SUBSCRIPTION
Penny Plus
An account that helps you save more. Enjoy discounted rates alongside exclusive Plus member benefits.
- Long term cash flow growth - Funding multiple client invoices on an ongoing basis - Enhanced savings and support - Full-book invoice finance users
BUSINESS-INCLUSIVE
Developed to serve the underserved micro & small biz community
Business entity
Limited Company or Sole Trader
HMRC registered
& based in England or Wales
B2B invoices
For delivered goods / completed work
A platform championed by its users
Hear how Penny's invoice finance solution has helped UK business owners just like you:
Withdraw money at your convenience
Financing invoices shouldn't feel like an uphill battle, and with Penny, it doesn't. Submit your customer's invoice and we'll take care of the rest.
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You receive instant payment in full, and when your customer settles the invoice, we get repaid. No commitments, no interest, just one fee each time you withdraw funds.
FAQs
Explore frequently asked questions about business invoice finance: