Invoice finance in Monvy, here's how it works.
Step 1: Start ApplicationInthe Monvy application, the application can be started on the invoice dashboard, the invoice detail page, or the invoice funding dashboard.
Step 2: Upload InvoicesUploadrelevant invoices and share recent transaction details for an accurate review of the application.
Step 3: Select Indicative Offer and Duration: View Monvy's indicative offer and choose an appropriate maturity.
Step 4: Finalize ApplicationFinalizeyour application online. Monvy will review your application within 24 hours.
Step 5: Sign AgreementAfterapproval, you digitally sign the agreement. The invoice amount, minus the interest fee, will be transferred within 24 hours.
Terms of Use
Youare eligible if you have at least 12 months of transaction records, your company is based in the Netherlands in a financeable sector, and your company has one of the certain legal forms: VOF, sole proprietorship, partnership, or a B.V.
Billing Terms
Theinvoice must be maximum 10 days old, addressed to a company or person registered in the Chamber of Commerce in the Netherlands, with a payment term of maximum 90 days. The invoice amount is between €1,000 and €100,000. Invoices may not already be pledged or financed.