Invoice Discounting for SMEs - Businesses FAQ

How does the procedure work?

All online process through Velotrade platform.

Register your enterprise (only for the first time)
To discount the invoice, create a new auction
Velotrade checks and confirm the details
Investors purchase your invoice
Funding is transferred to your bank account straight after the auction is complete

Who are the businesses Velotrade work with?

Velotrade collaborates with companies of all sizes and a variety of industries. You should be a company registered and licenced to operate in countries acceptable for the qualifying criteria set by Velotrade. Some of these criteria are verifiable trading history, satisfactory credit standing and total turnover.

Which countries does Velotrade support?

Velotrade clients work in all the world. Please contact us with the countries where your buyers are located.

Does Velotrade need to contact my buyers for processing my application?

Velotrade doesn’t need to contact your buyers in application processing. If we need any contacts, we will ask you in advance to obtain your approval.

Why does Velotrade makes the verification of invoices?

Velotrade needs to carry out the required due diligence on behalf of investors.

How much do Velotrade services cost?

A percentage on the invoice amount will be charged by Velotrade. You can rest assured that we will provide the most efficient service at affordable rate. Please get in contact with us to discuss your specific circumstances.

What advance amount will I obtain?

You will generally get up to 80% - 90% of the invoice value.

How many days does it take to receive the financed amount?

The invoice is typically financed within 1-3 days, upon satisfactory verification

Why should I choose another invoice discounting/factoring provider?

Traditional factors and banks lock in clients for a lengthy period and with full sales ledger. Instead, we offer competitive pricing, with no lock-in period or ledgers. Moreover, by using Velotrade you will secure an alternative source of funding besides traditional means. Simple operation process and simple documentation. An innovative way!

Do I need to sell out all my invoices?

No. We provide flexible financing solutions and you are free to sell the invoices you want to sell when needed.

When my buyer pays late, what are the consequences?

On the basis of the actual number of days the invoice remains unpaid, you will be subject to interest charge.

If my buyer doesn’t pay what will happen?

Velotrade may ask you to return the advanced amount pending recourse or non-recourse agreement.

If a dispute takes place over the purchased invoice, what will happen?

According to the amount of dispute, we may deduct this value from the balance held or you would need to replace the disputed invoice with another invoice.

Can I be sure that my invoices will be bought?

Velotrade reaches a diversity of investors and aims to accommodate 100% of the invoices.

Who is purchasing my invoices?

Our investors are professional and come from a variety of industries and background: in any economic condition they can provide steady and continuous flow of financing

What currencies does Velotrade support?

We have multi-currency trading capabilities, especially with major currencies.

Are there a lot of admin and procedures with Velotrade?

Contrary to the standard factoring facilities, we do not require a separate ledger. Our sign up and verification process can be done online quickly and conveniently.

For your Taiwan export business, we highly suggest you receivables financing.

Register on Velotrade now to increase the size of your business. We have a list of accredited investors ready to provide funding, so get your SME on the right track by starting the procedure immediately. If you have any question, please fill free to contact our staff online, or get in touch with us via phone on + 886 (801) 491356.

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Need more info? Contact us

Financing tomorrow

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Velotrade Management Limited
Room 24, Units 405‑414,
Level 4, Core E, Cyberport 3
100 Cyberport Road
Hong Kong

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T + 886 (801) 491356
E contacts@velotrade.com

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Regulated by the Securities and Futures Commission of Hong Kong
(CE Ref #BJL007)

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