Invoice factoring sucks for small businesses!
Small businesses need cash flow to stay alive. Traditional invoice factoring companies know this, and they use their products to hold businesses hostage with lots of paperwork, long and ongoing underwriting, and a hard credit check. This puts valuable client relationships at risk and makes capital harder to access.
Hopscotch Flow offers instant cash flow without the downsides for small businesses. Their customers won’t be underwritten or even informed about the invoice being Flowed. Using bank transaction data and invoices to validate the financial health of a business, Flow helps your clients crush net invoice terms and unlock cash privately, instantly, and effortlessly.
Hopscotch Flow Case Study
Access the Hopscotch Flow case study here
How Hopscotch Flow beats traditional invoice factoring
No credit check
Hopscotch Flow is more simple and streamlined than traditional invoice factoring. There’s no credit check required and no complicated forms to fill out. Unlock funds in just 2 clicks!
No UCC filing
Hopscotch doesn’t file with the UCC when your clients Flow an invoice. We don’t take a position on the invoice debt and there’s no lockbox, so funds are immediately available to your clients.
Completely private
Your clients don’t have to worry about jeopardizing relationships with their customers when they Flow an invoice. It’s completely private, and their customers won’t be notified.
How Hopscotch Flow works for your clients
Step 01
Introduce us to your client! They’ll register and verify with Hopscotch, then connect their bank accounts. Once your client is approved for Flow, they can send an invoice.
Step 02
If approved, the Hopscotch user can choose to Flow their invoice, which advances 90% of the total invoice value immediately. The last 10% (minus a fee) will be made when the invoice is paid.
Step 03
A base fee of 1.25% is applied to the total value of the invoice and a daily fee of 0.0833% is applied per day outstanding until the due date of the invoice.
