Advanon

Improve your liquidity instantly

Advanon is an online platform where SMEs looking for short-term financing can sell their invoices to financial Investors. Through the easy-to-use platform, SMEs can improve their cash balance instantly. Investors, on the other hand, get access to an alternative type of short-term investments. Unlike traditional factoring services, our process for a SME as Seller of invoices is 1) Flexible - as businesses can sell invoices when and as they needs it 2) Transparent - as the pricing is clear and does not include any hidden service fees 3) Quick - as we aim to fund uploaded invoices within 24 hours 4) Easy - Upload your invoice, set the minimum price you are willing to accept, and get funding! Investors have previously not had access to invoice investments. Through Advanon they can access investments that are 1) Short-term - as invoices generally have payment terms of 30-180 days 2) Securitised - as invoices are sold with recourse, the credit risk stays with the Seller 3) Easy - create an account within minutes to get started We are of the firm belief that our process of invoice financing will reshape the landscape of SME financing throughout Europe. By having a user-friendly interface with the required analytics, the process of short-term financing is simplified and quick for SMBs, while Investors can make well informed investment decisions.

Business loan Investment Invoice financing Short term loan

About Advanon

Advanon AG Baslerstrasse 60 8048 Zurich Switzerland
Contact Email: info@advanon.com
Phone Number: +41 44 585 38 50

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4.4
57 Platform credit risk rating
0 / 2.25
0 / 1.25
0 / 2
1.375 / 1.50
3 / 3
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PLATFORM DATA
Max Interest Rate
18%
Min Interest Rate
8%
Max Investment
999999$
Min Investment
NA$
Max Loan Terms
6 months
Min Loan Terms
30 days
Loan Types
Business loan Investment Invoice financing Short term loan
Currencies
EUR CHF
Origin of Platform
Secondary market
NA
Secured on Assets
No
BuyBack Guarantee
No
Platform Membership
FINMA - DSFI German Banking Act
Launch Date
2015-03-03
Countries to Invest
Switzerland
Exclude restricted area
Withdrawal time
3 business day
Target Borrowers
Business (P2B)
Average Interest Rate
10%
Uniform rate
No
Automated Lending
NA
Lending Fees
None
Withdrawal fees
No
API
No
Accepted Payments
Bank Transfer
Lending Model
Market
Platform Lending Type
Individual Retail Company
Status
Operating
Time between application and obtaining money
NA business days
Min borrower loan
1000$
Max borrower loan
5000000$
Countries for borrowing
Switzerland Germany
Borrowing fees
Application fee
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