Founded in 2013, FanFinders is a online platform that helps connect family and beauty brands and retailers with their target audience.
Details
Cash flow need: Paying suppliers; funding growth + expansion
Solution: Confidential invoice discounting + selective invoice discounting
web: fanfinders.com
How MarketFinance helps
When they first came to MarketFinance in 2015, FanFinders funded select invoices for working capital to pay suppliers and staff. As a growing company, they needed greater access to cash flow on an ongoing basis. With our confidential invoice discounting solution, FanFinders now has access to a funding line backed by their sales ledger.
"We decided to switch to confidential invoice discounting because of the extra efficiencies it offered in terms of saving time, and offering consistent funding at a fixed cost."