Partners
Unlock immediate working capital for your clients by turning unpaid invoices into cash with Spot Invoice Finance.
What is Spot Invoice Finance?
Spot Invoice Finance allows businesses to unlock funds tied up in unpaid invoices of their choosing.* Instead of waiting 30, 60, or even 90+ days for customers to pay, your clients can access the value of their invoices immediately, ensuring steady cash flow and financial stability.
How does Spot Invoice Finance work?
With Spot Invoice Finance, your client chooses which invoices to fund, giving them quick access to the agreed amount as soon as they send an invoice to their customer.
Unlike traditional business funding, Spot Invoice Finance grows with their business, offering a flexible solution that adapts to changing cash flow needs.
As your client's sales grow and more invoices are issued, they can access even more funding, matching their business needs and making it easier to manage operations and seize growth opportunities.
By shifting the focus from your client’s business to the creditworthiness of their customers, it allows us to offer fast, accessible funding without the restrictions of conventional lending.
Our products
We offer two types of invoice finance: Spot Invoice Finance and Confidential Invoice Finance. Both options provide fast funding, but with some key differences.
Spot Invoice Financing
(Factoring)
Penny directly contacts your client’s customer (debtor) to confirm the invoice details and manage payments. This ensures full transparency while streamlining the process.
No minimum trading history
Invoice values of £500 - £500,000
Confidential Invoice
Discounting
This fully private option allows your clients to retain control of their customer relationships. The debtor is unaware of Penny’s involvement, providing a seamless experience.
One year minimum trading history
Invoice values of £500 - £500,000
Why choose Penny for your clients?
Fast funding
Your clients could receive funds in as little as two hours.
Flexibility
No long-term contracts - clients choose which invoices to finance.
Startup-friendly
Spot Invoice Finance requires no minimum trading history.
Broad eligibility
We support businesses that other lenders can’t, including sole traders and businesses with limited trading history.
Tailored support
Our expert team ensures your clients get the funding they need, hassle-free.
Why choose Penny as a partner?
Flat commissions
Earn up to 20% revenue share of the net invoice over the term. One broker earned £95,000+ on a single referral!
Easy referrals
Just provide the client’s name and contact details, and we’ll handle the rest.
Dedicated Partner support
Our team is here to help you succeed, offering resources, guidance, and ongoing support.
Is my client eligible for Spot Invoice Finance?
Applicant requirements
UK-registered business and resident
No minimum turnover
No minimum trading history
Director doesn't need to be a homeowner
Debtor requirements
UK-registered business, public sector service or registered charity
Minimum trading history of one year
Confirm invoice and payment to Penny
Must have an online presence
Is my client eligible for Confidential Invoice Discounting?
Applicant requirements
UK-registered business and resident
Director must be a UK homeowner
Must have previous trading history with debtor of similar invoice values
Debtor requirements
UK-registered business, public sector service or registered charity (overseas businesses will be considered)
Minimum trading history of one year
Must have an online presence
How it works
Spot Invoice Finance
Stage 1: Submit a lead
Make a referral via partners.pennyfreedom.co.uk. All we need is their personal name, email address or phone number, so we can set them up on our customer portal.
Stage 2: Uploading an invoice
Once registered, your client can upload their invoice(s) directly to the portal. Our team will run checks, and you'll receive status updates via email - you can also track this in your portal.
Stage 3: Contacting the debtor
With the customers approval, we'll contact the debtor to confirm the invoice is genuine and that they agree to pay the invoice balance.
If the debtor doesn't engage with third-party financial providers
We'll offer Confidential Invoice Discounting, provided the client:
- Is willing to give a personal guarantee
- Has directors who are UK homeowners
- Has previous payment with the debtor of similar value
Stage 4: Funding
The customer receives their final quote. Once accepted, the funds will be deposited.
Stage 5: Commission paid
Once your client’s invoice is settled, generate your commission invoice in your portal. This will appear instantly in our system, and you’ll be paid within seven days.
Confidential Invoice Discounting
Stage 1: Submit a lead
Make a referral via partners.pennyfreedom.co.uk. All we need is their personal name, email address or phone number, so we can set them up on our customer portal.
Stage 2: Uploading an invoice
Once registered, your client can upload their invoice(s) directly to the portal. Our team will run checks, and you'll receive status updates via email - you can track this in your portal.
Stage 3: Final offer
Once we have everything we need, we'll send the customer a final quote.
Stage 4: Funding
Upon accepting their final quote, the funds will be deposited.
Stage 5: Commission paid
Once your client’s invoice is settled, generate your commission invoice in your portal. This will appear instantly in our system, and you’ll be paid within seven days.
The Penny difference
Other lenders
Only fund low-risk businesses
Won’t typically fund sole traders
May require a charge or debenture
Require a minimum trading time
Need accountancy software integration
May require open banking
Offer flat commissions
Penny
Considers all UK businesses
Funds all business structures
Charge or debenture not typically required
Funds newly established businesses
Can work without accountancy software integration
Applications don't require open banking
Pays commission on all invoices funded
Frequently asked questions
What types of invoice finance does Penny offer?
Are there any restrictions on which businesses can use invoice finance?
We’re proud to fund businesses that many lenders won’t, including startups and sole traders. Each product has specific eligibility criteria:
- Spot Invoice Finance: No minimum trading history, no personal guarantee required.
- Confidential Invoice Discounting: Requires a personal guarantee and 1-year trading history.
What makes Penny different from other lenders?
Partner with Penny today
Ready to offer your clients industry-leading invoice finance solutions while growing your earnings? Get in touch to find out how.
*Unpaid invoices refers to invoices within their agreed payment terms.