A new Alliance between Invoice Finance and E-Invoice Fintech Company Improves Access to SME Finance

Grow your BusinessNovember 17, 2016 by Sara Mohn

Novicap & B2BRouter have joined forces to offer a broader range of services to SMEs around Spain and the UK. Through this alliance, businesses have the chance to automatically create electronic invoices and fund against them in a few clicks.

The Public Sector’s long payment terms and the difficulties of getting funding against your receivables are not a cause of concern anymore. This alliance will entail a before and an after in the world of finance”

Marc Antoni Macià – CoFounder and COO of Novicap

What do these two FinTechs do?

Novicap is an online platform that allows SMEs to finance their invoices in 48 hours while providing attractive returns to investors at a very low risk. With the platform they have developed, SMEs can quickly see the interest they will incur before deciding whether they want to use the platform or not.

B2BRouter is the leading electronic invoice platform in Spain. It provides the invoices for over 70% of the public administration and has already taken care of over 25K SMEs since it’s the only platform the Public Sector recommends.

How does this alliance work?

Thanks to a technological integration through API´s and with the objective of optimizing the services these two FinTech companies offer, B2BRouter will be able to offer their clients an additional funding option service through Novicap’s funding platform.

This results in a win-win-win situation:

SMEs will be able to finance their invoices in an easier, more flexible and faster way.
Novicap will be able to offer financing to more SMEs.
B2BRouter drastically improves its software, providing the added value of offering direct financing, a much needed service for SMEs, while collecting a commission for every client that Novicap earns through them.

What are the key objectives of this partnership?

This integration will allow B2BRouter’s clients to create their electronic invoices and finance them in a matter of a few clicks. It is truly a revolution for invoice finance since the same process with a traditional bank takes an average of 3 weeks to process.

“Our prime objective is to grant SMEs access to the many advantages of electronic invoicing, and with Novicap we add the advantage of financing invoices to every one of our clients with a simple click.”

Oriol Bausà, creador de B2BRouter.

Why is this partnership important for SMEs?

This alliance entails the first algorithm that creates your electronic invoices with the option of financing them instantly. It saves a staggering amount of time, expertise and costs so that your business can spend time doing what really matters.