It involves a supplier receiving early payment of an invoice by a finance company. The business that has purchased the goods or service then pays the funder once the invoice is due.
Bizcash Supply Chain Finance is a revolutionary online cash flow solution. We bridge the Buyer-Supplier business relationship, by assisting Buyers to pay their Suppliers cash on delivery.
Buyers and Suppliers register online in one easy process. Invoice(s) are submitted electronically by the Supplier, which are verified and approved by the Buyer. Payment offers are then electronically generated and if accepted, the Supplier is paid out the offer(s) instantly. We then collect from the Buyer on the agreed terms.
8:00 to 17:00 SAST Monday to Friday, excluding Public Holidays.
We service the whole of South Africa.
Absolutely click on Apply Now to get started.
No. The application process, documentation and uploading of your information is completed on-line.
No. The application process, documentation and uploading of your information is completed on-line.
Regrettably not. We require a business to be operational for more than 1 year.
Turn your invoices into COD, you no longer have to wait 30,60 or even 90-days for payment on your invoices and you have the choice on which of your invoices you would like to early settle. You can now improve your working capital without accruing new debt. Suppliers making use of the platform do not fill up their own credit lines.
Real time, online access to your clients funding lines, together with real-time reporting, ensures you're always in control.
Yes, once your Debtor has approved the invoice, Bizcash will pay you the offer amount COD and collect directly from you Buyer / Debtor on the agreed repayment terms.
No, signing up to is fast, free and online.
We charge a small annual Membership Fee deducted from your first approved and paid invoice for the full access and utilisation of the program.
We charge a flat processing fee per invoice being discounted which is deducted from your pay-out amount.
Having a Supplier Account is completely free, your Membership Fee is only payable as a deduction on your first approved and paid invoice, once-off, annually.
The discount fee starts from 2% per month and is dependent on a number of factors. You will be presented with a Supplier Agreement which clearly defines the applicable fees prior to your account activation.
The system is fully transparent. There are no hidden fees, no service charges, no overcomplicated repayment structures. The fees may vary, but you will always know the fee before you accept the offer.
Our simple, online, automated lending platform enables swift decisions and instant payment transfer upon approval.
Your Supplier account can be activated in under 48-hours.
We have made uploading your invoices effortless, simply upload your pdf invoice directly from you approved supplier portal, capture the relevant details and click submit for payment.
Usually the same day, on rare occasions funds may take up to 48 hours to reflect, provided your Buyer has confirmed the invoice before our cut-off times.
How does my business benefit?
Yes! Bizcash SCF offers a Buy Now - Pay Later option. Bizcash can settle your Supplier 100% of the invoice amount and give you up to 6-months to repay.
The facility sizes range from R100 000 to R15 000 000. Your credit facility depends on the financial performance of your business and is subject to credit assessment and approval.
Your business has been in operation for more than 2 years.
Your business has an annual turnover exceeding R1 million.
Your business is profitable.
Your business receives invoices from other businesses.
No, signing up to is fast, free and online.
We charge a flat processing fee per invoice being discounted which can be paid by yourself or leverage to your Supplier.
The interest fee starts from 2% per month and is dependent on your credit risk profile. You will be presented with a Buyer Agreement which clearly defines the applicable fees prior to your account activation.
The system is fully transparent. There are no hidden fees, no service charges, no overcomplicated repayment structures. The fees may vary, but you will always know the fee before you accept the offer.
Our simple, online, automated lending platform enables swift decisions and instant payment transfer upon approval.
Your Buyer account can be approved in under 72-hours.
We have made uploading your invoices effortless and it can be initiated by yourself or your Supplier.
Simply upload your pdf invoice directly from you approved Buyer portal, capture the relevant details and click submit to pay.
You will receive an email 5 days before the debit order date reminding you that your payment is due. Your account will be debited based on the terms you have selected or EFT by arrangement.
You can also conveniently manage your facility through your online portal and access your statements and upcoming collections in real-time.
Yes, your revolving credit facility will increase by the instalment amount when you make your repayment, subject credit approval.
The Bizcash SCF Name, Logo and Imagery have Copyright and are Registered and Trademarked as the property of Bizcash.
Bizcash, 4th Floor, 11 Crescent Drive, Melrose Arch, Melrose North, Johannesburg, 2196, South Africa
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