What is The Invoice Market?

The Invoice Market (or tim., as most refer to us) is an innovative, easy, and affordable way of helping you and your business get access to tomorrow’s cash flow today. tim. provides three market leading and innovative cash flow solutions. tim. has its own funding to provide to businesses, having funded in excess of $350 million already, without the hassle and restriction applied by banks and factoring companies.

Is this an unsecured loan?

tim. is not lending you money, which requires regular weekly or monthly repayments and thus an ongoing liability.

tim’s innovative cash flow solution, using debtor funding, requires no property security as collateral.

tim’s funding to your business is an advance against your issued but unpaid invoices to your customers. You tell us how much money you need and provided you have sufficient debtors (unpaid invoices) in your ledger, we will provide you with the required funds.

You can draw down on these funds at any time and for any amount (minimum: $50,000) provided you have at least sufficient outstanding debtors for the amount you require.

As your debtor/s pay their invoices as per your current payment terms with them, you are then able to repeat the process of re-drawing down the funds you require, over and over.  The tim. “business loan” or invoice finance as we like to call it, can be utilised as and when you need it.

It is the same concept as offering an early settlement discount in return for a debtor paying their invoice/s immediately,

So unlike a loan, you are not locked into daily, weekly, or monthly repayments; in fact, there are no repayments at all, we simply wait for your debtor to pay (as per their usual trade terms) and when they do we repay ourselves, less a small discount fee based on the face value of the invoice.

What is Invoice Financing?

It may sound complex, but in fact, it is very straightforward. Your business issues invoices which are essentially assets to your business.

The process of unlocking cash flow against your unpaid invoices — also known as invoice financing, invoice discounting, or factoring — is the sale of these unpaid invoice/s at a small discount to the face value of the invoice in order to speed up the cash flow for your business.

It’s similar to offering a discount on your invoice to a debtor if they paid you ”cash on delivery”, but as we know, offering debtors discounts to speed up payment rarely works.

So by getting your money upfront, instead of waiting 30 to 90+ days for an invoice to be paid, or needing to offer customers discounts for early payment, businesses can meet many of their working capital needs including major investments with invoice finance.

With tim., you can elect to raise cash flow finance with one, multiple, or all of your invoices.

The choice is yours. Always.

Giving you greater control.

Why do businesses use invoice finance?

To get access to cash from their Debtors Ledger rather than waiting for their debtors to pay them, these funds can then be used to run and grow the business.

It is the same concept as offering a debtor an upfront discount if they pay your invoice early, and it allows businesses to obtain an advance of up to 85% of the invoice value with the 15% balance (less a small fee) received when the debtor pays.

What is a “pre-agreed discount rate”?

From time to time, most businesses have offered their slow-paying debtors a discount for paying their invoices promptly. That is what is called a “pre-agreed discount rate”. (E.g. “Please pay this invoice in full by the 15th of the month to receive a 10% discount.”)

By simply stating this on your invoices it rarely works, so tim. has developed a way to get your cash flowing faster by providing access to funding. tim. will pay you up to 85% of your invoice/s value upfront in cash. The rest is then paid to you once your debtor pays their invoice in full — minus a small pre-agreed discount rate (usually a lot less than the early settlement discount you would have given to your customer), which you have agreed to with tim. before entering into the arrangement.

There are no hidden fees or surprises.

How does invoice finance (like tim.) differ to “old-school” factoring?

While invoice finance is the sale of an asset (being the unpaid invoice); factoring is a debt facility secured against the value of the borrower’s Debtors Ledger. Being a debt facility, the approval process to obtain factoring is significantly more onerous with rigorous lending criteria. This means many businesses may not qualify for factoring when they may well qualify for Invoice Finance.

Invoice finance provides far greater flexibility than factoring, because it not only enables you to raise cash flow against single or multiple invoices when needed without entering into lengthy and potentially expensive “lock in” contracts, but most importantly invoice finance is aimed at growth businesses that require cash today to fund working capital needs in order to continue on the growth trajectory.

Invoice finance is assessed on a business’ current and future revenue and is accounted for through the profit and loss of the business. Whereas a factoring facility is a debt facility and is often classified as a liability on the balance sheet.

How much money will we get using tim?

Typically, you receive up to 85% of your invoice/s value up front, in cash.

You then receive the balance of each invoice, less the pre-agreed tim. discount rate, when your debtors pay each invoice.

Who can use tim?

Any business with an Australian Business Number (ABN) that is supplying goods or rendering services to other Australian businesses.

How much does tim. cost?

• No line fees and no establishment fees
• There is no ongoing fixed weekly or monthly interest charges
• No locked-in contract period, come and go as you wish

All you pay is a pre-agreed, low discount rate on the invoice amount.
Simple and fair.

The typical discount fee can range between just 1% and 5.5% of the invoice/s face value.

That’s it!

How long will it take before you receive the funds?

If you are a new client, it will take approximately two business days from you submitting your completed application and supporting documents for us to assess your application to become an approved client on the tim. platform.

As soon as you’re approved, you can then upload your invoice/s for sale and you will receive the funds the same day.

Is this process new?

Invoice Financing is not new. It’s a tried and tested cash flow method that’s proving very popular and is a very big market in Australia and overseas.

The way tim. facilitates the funding transaction is new, being a fintech we ensure that the process is quick, simple, streamlined and pain free.

If we use tim., will our debtors think that our financial position is unsatisfactory?

Certainly not.

It’s a practice that’s so well established and commonplace, your debtors are probably already dealing with other clients using tim. or some other debtor finance provider.

They may even use it themselves.

In fact, over $64.2 billion was funded via invoice discounting in Australia alone. Debtor finance is now accepted as a commonplace business financing tool for growth companies. Many business owners look at it as the smart alternative to debt facility to help them get access to cash in order to grow.

Into what account does my invoice payment get paid?

When you raise cash flow with tim., the initial cash flow – 80% of the invoice value – is paid directly to your business operating account.

When your debtor (trade debtor) pays the full invoice amount, it is paid into a bank account that is in your company’s name, which you have full viewing rights to, but is controlled by tim. Once the funds are received from your debtor, we will transfer the remaining 15- 20% of the invoice value (less the pre-agreed discount fee), to your business operating account within the next business day.

What happens if my debtor does not pay an invoice that I have sold to tim. and have been given money for?

If an invoice you have sold to tim. is not eventually paid by your debtor as a result of your debtor going into Administration you will be covered by our tim. Secure debt protection product which ensures that we are able to claim for the outstanding monies through insurance, avoiding the need to come back to you for recourse to pay us the funds.

Is tim. too complex and administratively difficult for me to operate?

tim. has been designed to help your business. As such, it is very simple and easy to use, and because it’s a web-based application you can access it whenever and wherever you need to. You simply upload your invoice/s and supporting documentation to us. It’s that easy. Once you have been setup on our system, there is absolutely nothing for you to do other than provide invoices to us, as and when you would like them funded. The rest is all taken care of by our excellent support team at tim.

Is my financial information secure? Who can see it?

tim. is completely secure. It uses the timEx platform so no party other than you (when logged in) are able to view your financial information. We have the highest encryption and cyber security protections implemented into our software.

What if our business has already borrowed from a bank, can we still use tim.?

Of course you can tim. regularly deals with many financial institutions.

As such, we can work with your bank or financier to implement a funding solution appropriate to your needs and that of your bank. We either work alongside each other or if more appropriate we could even replace your bank (especially since we do not require any property as security)

If we use tim., can we still borrow money from other sources?


Quite often a business will use tim. in conjunction with a business overdraft or other debt facility.

I’m already using invoice finance so why would I change to tim.?

Chances are, you’re probably paying too much at the moment.
With tim., you have far more likelihood of attracting funding at more competitive rates.

In contrast, the funding that banks and factoring companies provide are not as certain because they are able to cut lending facilities or stop purchasing invoices altogether overnight.

What is the assessment procedure for your new clients? Would my business have to go through a credit check?

Yes, tim. does carry out a credit checking procedure prior to funding any invoices.

There are checks done on credit records; for fraud and for other pre-existing PPS registrations.

Additionally, your invoices must be issued directly to a business debtor rather than to an intermediary or a consumer. Saying this our credit process is quick and efficient.

What is the minimum size an invoice needs to be to sell to tim.?

The initial funding needs to be at least $50,000 (incl. GST) comprising of one or more invoices. Thereafter invoices of various amounts can/will be funded with a minimum funding of $50,000 per month.

Will my debtors know that I have sold their invoice?

Yes, your debtor whose invoice you wish to sell will be aware that you have sold the invoice as we ask them to verify it first. However, debtor or invoice financing, like tim., is such a common form of short term finance in Australia (estimated at over $64.2 billion annually) that it’s become an accepted part of the trading process.

You may well find that your debtor also uses this form of cash flow financing. It is no longer like the “olden days” of factoring when it was frowned upon. Today invoice finance is used for good solid, growth businesses that need cash to fund their working capital, for continued growth.

Can tim. collect old accounts for me?

No, we are not a debt collection agency.

Can we sell our consumer invoices on the platform?

No, we only deal with business-to-business transactions.

Is there an absolute limit on the time taken for collection?

Given the platform is online, it can handle a range of invoices. But if you have an unusual trading circumstance, it’s best to consult with us in advance so that we can solicit funder feedback and honestly assess their appetite.

How can I be sure my invoice will be funded

While we cannot guarantee that your invoice will be funded, the team at tim. will work with you to best understand your business and your debtors and will be able to quickly determine if you meet our criteria for funding.