- Once the auction closes, up to 99% of the invoice is advanced. The remaining capital withheld is to cover commission and bank transfer fees.
- The FRENNS platform is an efficient and secure way for companies to access the cash trapped in unpaid invoices. The invoices are placed up for auction, where investors are free to place bids on them. Due to the transparency of the platform, companies can choose the bid that offers the most competitive interest rate and time frame.
- Advanced cash is determined by payment history and individual debtors. It is fast, fully automated and includes an e-invoicing capability.