We realised that one of the factors that was slowing down the ability of vendors to get PPE into the market was the cost of financing what are often enormous deals. Working with a supply chain that requires a significant deposit and final settlement before releasing the goods potentially severely restricts the scale of orders that can be processed and slows down the speed that PPE can get to market. Contracting manufacturers from the Far East adds a further level of complexity.

So we applied our vast experience in Supply Chain Finance and developed a solution specifically designed for large PPE deals. Where we provide up to 70% of the value of the deal upfront, once you have an approved Sales or Purchase Order. Your Sales Order is then funded on our marketplace by our panel of institutional Investors and within 24 hours, the money is released.

Since the COVID-19 emergency began in March 2021 we have financed over 360 million pieces of PPE in over 75 individual PPE trades with a combined value of almost €100 million. More importantly, we have significantly speeded up the supply of PPE to a range of Government bodies like the HSE, Garda Siochana, HSC Northern Ireland, as well as a range of Pharmaceutical Retailers and large Multinational companies.

Uniquely, InvoiceFair operate at all stages in the PPE working capital cycle, unlike other funding options who will only release capital once an invoice is received by your buyer. Monies are released when they are most needed – at the start of the order. There is no limit to the number or value of orders you can process, which allows you to fund even more deals. More importantly, because you have funding upfront, you can meet your phased payment obligations early and offset the cost of finance through negotiating an early payment discounts with your manufacturers.