Invoice Factoring Platform


Invoice Factoring and Discounting Platform - combined, transparent, secure

FLOAT Lending


FLOAT is the online invoice factoring platform for Swedish companies and individuals.

With its proprietary real-time credit risk model, FLOAT is designed to further improve the corporate lending business on the Swedish market.

FLOAT Lending offers automated invoice factoring and invoice discounting on a Cloud-based SaaS platform.

Some main characteristics are:

  • Simple user experience
  • Fully automated invoice factoring
  • Instant approval process
  • Advanced risk scoring model
  • Instant online pricing of your invoices
  • No volume requirements

Launched in March 2019.

A cloud-based platform for invoice purchasing where administrators can monitor all factoring/invoice discounting and observe the status of a large number of invoices at the same time, is used by our client FLOAT Lending.

The invoice factoring platform produced by ZWEBB provides:

  • Fully automated invoice factoring and invoice discounting
  • API connectivity to external accounting systems (Fortnox)
  • Fast and simple service with transparent pricing
  • KYC questionnaire
  • Online, real-time price estimates directly on the website
  • Payment the same day


Selling and buying invoices

Selling invoices means that a business sells its unpaid customer invoices to another company, usually a bank, a factoring company or a finance company. Selling invoices is a type of factoring - it is the process where companies sell or mortgage their invoices to increase their cash flow. In short, factoring is a way to free more liquid assets.

Selling invoices means that your company has the possibility to act faster on new business opportunities and provide competitive credit times for customers. There are two different types of invoice purchasing; non-recourse or recourse factoring. When selling an invoice, the company pays a fee for selling it. The fee depends on several factors. When you use this digital invoice factoring platform, you are free to decide exactly which invoices to sell.

Invoice prices are mainly decided based on these three factors:

  • Credit risk
  • Volume
  • Type of factoring arrangement


Why should you sell your invoices?

Some advantages of using factoring are:

  • Increased liquid assets
  • Spending less time on administrative work
  • Getting fast and secure capital from outstanding invoices

Most companies that sell invoices do it to increase liquidity, e.g. to free assets for investments. It can also be a way to avoid administrative work connected to the invoices. Another reason is that the company can receive the money from the invoices quickly and safely, instead of waiting for customer payments for up to 30 or 90 days. When the invoices are paid quicker, the company gets more liquid capital to spend. Your customer will still have the same time to pay the invoice and will not notice that it's been sold.


Non-recourse factoring (invoice discounting)

Non-recourse factoring means that the company that purchased the invoice takes all the credit risk. This type of invoice usually has a higher fee compared to factoring with recourse, since the company selling the invoice avoids the credit risk. Factoring without recourse is offered within the invoice discounting option to companies with good solvency.


Recourse factoring

Recourse factoring means that the selling company still takes the credit risk (standard factoring). Unpaid invoices must eventually be bought back. Because of that, recourse factoring involves higher financial risk for the seller compared to non-recourse factoring.


Invoice financing

Invoice financing is another way of using outstanding invoices to free up fast cash. Invoice financing means getting a loan where the security is made up of the outstanding invoices and incoming assets. The loan is then paid back with the funds that arrive when the invoices are paid. The company will still maintain the sales record, even though the money that comes in goes directly to the third party.


Factoring/Discounting in the Cloud

When using online factoring software, you can manage all your invoices through a digital platform and your assigned credit limit. Traditional banks and factoring companies have long, complicated processes that take time. There are often unexpected charges and security requirements.

This cloud platform provides a direct estimate of the price to sell invoices, so you will immediately know what your factoring/discounting will cost. Opening an account is quick, and the platform doesn't have any volume requirements. While the technology behind is complex, the service is still easy to use and gives you the best possible overview of your invoices.


Are you looking for a partner that can provide this kind of cloud-based platform for your target market? 

Please get in touch with ZWEBB by filling out the form below.

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