Incomlend is an online multi-currency invoice exchange platform
connecting businesses and private funders.
Incomlend serves as a marketplace, where suppliers can sell their invoices online directly to individuals or companies willing to purchase them. As a result, the Supplier obtains cash in exchange for a discount rate paid to the Funders of the invoices
Trading goods or services on their
domestic markets or abroad
Looking for ways to free cash locked in their
receivables awaiting payment
Wishing to shorten their credit terms
and reduce the pressure on their
Wishing to secure a new source of
funding as an alternative to banks
Seeking to accelerate return on their capital
Wishing to diversify their portfolio through
placing into a new asset class such as real life
Already buying invoices on their domestic
markets and interested in accessing
Looking for a controlled risk environment
Interested to keep their capital protected
Incomlend is incorporated in Singapore and refers to Singaporean regulations. The company facilitates
buying and selling of account receivables through its online platform, applying the invoice discounting
As per the Monetary Authority of Singapore (MAS) rules, Incomlend is not subject to licencing, since Invoices / Account receivables are not considered as “Securities” by the MAS.
Supplier: Company that sells its invoices on the Incomlend platform, or the Seller in other terms.
Buyer: company that buys goods/services from the Seller (the client of the Seller). The Buyer is obligated to pay the invoice issued by the Seller (Supplier) at expiration of the payment term. Incomlend’s credit risk is always on the Buyer (Debtor), because the Buyer is the company paying the invoice. The credit risk of the Buyer is always covered by Credit Insurance on the platform.
Funder: individual or corporate entity purchasing the Supplier’s invoices at a discount.
No. All Clients’ funds are located on a segregated account supervised by a licensed Trustee company, which validates Incomlend’s clients KYCs and every incoming / outgoing transaction. This eliminates the risk of having Clients’ money being freely disposed of by Incomlend.
All transactions made through our platform are covered by a worldwide credit insurer. This protects the Funder against a payment default from the Buyer. Thus, the Funders’ capital is reimbursed even if the Buyer doesn’t pay.
Incomlend is registered in Singapore and must respect the rules set by the Monetary Authority of Singapore (“MAS”) regarding client KYC, anti-money laundering and counter terrorism financing.
Incomlend’s client screening process includes 3 major stages:
1) collection of client data and documents
2) verification of the data through global 3 rd party information providers
3) validation of the data by an independent Trustee supervisor.
The Supplier defines the minimum amount for the advance requested. If the amount collected at the end of the funding period (for example 50%) is less than the minimum advance amount defined by the Supplier (for example 60%), the trade will be cancelled.
Capital booked by the Funders to buy the invoices will not be debited from their e-wallets and no funds will be sent to the Supplier.
Although this kind of situation is theoretically possible, in practice it is observed that funds available systematically surpass funds requested.
The discount rate is defined by the Supplier when he submits the Invoice request for sale to Incomlend.
Right now, the invoices are sold at Fixed rate. It means that Funders take or leave the Supplier’s discount rate offer.
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