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Instant invoice finance to boost your business

Tap into Penny, get your invoices paid instantly and equip your business with the funds it needs to flourish. 
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Get started

Invoices from £500 - £200K

No set up / account fees

On-demand factoring access

Receive funds in 24hrs

Who are we
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AWARD-WINNING TECHNOLOGY

Join thousands of UK businesses with a free Penny account

Supercharge cash flow

Trade outstanding invoices for instant cash and make late payment problems a thing of the past.

Reduce complexity

Save time on invoice processing with Penny's intuitive account interface and collections service.

Power growth

Maintain a healthy stream of funds to power your operations and seize opportunities as they arise.

Flexible invoice finance, as and when you need it

Picture a world where your business received customer payments in hours, without worrying about extended terms or delays.

 

Penny makes this world a reality.

 

Our platform accelerates B2B payments and gets users paid on terms that keep cash flowing through their business.

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With a free Penny account, you can trade outstanding invoices for money in the bank the next working day. 

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No ongoing commitments, just flexible payments as and when you need them.

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How Penny works

Open an account

Our approach to invoice finance is simple. We don't require long-term commitments, and you don't need to raise your full sales ledger to open an account

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Once registered, you choose which customer invoices to finance and when.

Select invoices

Log in and upload invoices through your account portal.

 

After submitting, we quickly validate the invoice details with your customer before offering you a no-obligation quote.

Add customer details

Add customers to your account portal. Debtor details get stored securely for each time you want to submit one of their unpaid invoices for factoring.

Payment in 24hrs

Get paid the total value of your invoice for one small processing fee*. Using Open Banking, we safely deposit the funds into your connected account within 24 working hours. When your customer's payment terms elapse, we get repaid.

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*Average processing fee on a 30-day invoice is 5.1% +VAT

How it works

Accounts with built-in flexibility 

FREE

ACCOUNT

Penny

No ongoing commitments. Select and submit invoices for funding in 24 hours as and when you need a cash flow boost. 

- Flexible invoice factoring - Single or recurring invoices - First time invoice finance users - Improving business liquidity - Low risk funding - Startups, sole traders, micro and small businesses

MONTHLY SUBSCRIPTION

Penny Plus

An account that helps you save more. Enjoy discounted rates alongside exclusive Plus member benefits. 

- Long term cash flow growth - Funding multiple client invoices on an ongoing basis - Enhanced savings and support - Full-book invoice finance users

BUSINESS-INCLUSIVE

Developed to serve the underserved micro & small biz community

Business entity

Limited Company or Sole Trader

HMRC registered

& based in England or Wales

B2B invoices

For delivered goods / completed work

A platform championed by its users 

Hear how Penny's invoice finance solution has helped UK business owners just like you:

"We are a small electrical company that's moved from mainly domestic work to commercial. The issue being domestic work pays instantly, whereas commercial work can take upwards of 90 days. This severely inhibits our cash flow but with the help of Penny we have been able to move forward."

Colin Kelleher (20 March 2023)

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Withdraw money at your convenience

Financing invoices shouldn't feel like an uphill battle, and with Penny, it doesn't. Submit your customer's invoice and we'll take care of the rest.

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You receive instant payment in full, and when your customer settles the invoice, we get repaid. No commitments, no interest, just one fee each time you withdraw funds.

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Get paid on terms that suit your business

Invoices from £500 - £200K

100% invoice value for one fee

3hr lending decisions

FAQs

Explore frequently asked questions about business invoice finance:

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