Penny
Get your invoices paid instantly
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Penny - Get your invoices paid instantly

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Penny puts cashflow within your control, financing invoices fast, on-demand, while your client pays as normal - no minimum trading history, credit checks or turnover requirements, just accessible cashflow when you need it.

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Best
Good and awesome
Maker
My favourite description :)
Maker
Thanks Beth, really appreciate the positive feedback
most welcome...
Can I use this as a Sole Trader?
Maker
Morning Joe, thanks for your question. Yes, you sure can. We built Penny to be super inclusive so it is open to all sole traders and limited companies in the UK. There are no contracts or tie-ins to please feel free to sign up for free and check us out.
This sounds amazing! As an influencer I am forever waiting for brands to pay my invoices (longest I've waited is 3 months!) so defo gonna have a look at this. Is it any hassle to the client?
Maker
Hi Helena, thanks for the great feedback. it's no hassle for your clients at all as they simply pay your invoice when they normally would. You get your invoice paid instantly by Penny and don't have to wait or chase payments anymore :)
There is something I don't understand and nobody asked yet. What if one issues an invoice to a client and the client never wants to pay (the client is bad)? What if one issues an invoice to a fake client who doesn't even know about the issuer (issuer is bad)?
Maker
Hi, thanks for your question, it's a great one. Penny deploys robust systems to validate an invoices legitimacy via data sources and confirmation prior forwarding payment. This way we protect the supply chain and our users :)
Maker
I’m Colin Gunnell and I am one of the founders of Penny. Thanks for hunting us If you’re a business owner or freelancer, we know waiting for invoices to be paid and managing payments is both painful and stressful. Penny solves the problem by paying your invoices upfront while your clients and customers pay as normal.. Our mission at Penny is to give small businesses the power to control cash flow on their terms, through tech-based, on-demand invoice finance, think of us as a business partner, invoice software and your own back office finance team rolled into one. We built Penny to be easy and inclusive for all businesses, including those who may find it difficult to get funding elsewhere, such as startups. Penny has been specifically designed to put users in control and allows you to manage, fund and accelerate vital invoice cash flow on any device 24-7. You can sign up with just an email address, there’s no subscription or tie-ins. We’d love to hear your thoughts on the product and answer your questions!
Maker
Morning Joe, thanks for your question. Yes, you sure can. We built Penny to be super inclusive so it is open to all sole traders and limited companies in the UK. There are no contracts or tie-ins to please feel free to sign up for free and check us out:
Maker
This sounds fantastic! How long does it take to get paid?
Maker
Thanks for the feedback Dan. Typically users receive payment within 2 hours of creating an invoice.
Hunter
I was living with in London when he and first started building PennyFreedom. Like so many freelancers, small businesses, and startup founders, Adam knows first-hand how gut-wrenching it feels when invoices aren't paid on-time and funds are getting tight, or when you just need to quickly release the money tied up in an invoice for an urgent purchase (dropped MacBook, anyone? Adam?). So they built PennyFreedom, the service that gets your invoice paid in a day. Take a look, ask some questions!
Maker
Thanks so much for hunting us , and thanks for putting up with all my moaning that time I wasn't paid at Christmas! Good times. As Paul says, I know all to well the anguish that's caused by not getting my invoices paid on time (and yes, I did drop my MacBook without insurance 🙈). Fortunately had a solution brewing in his mind. After lots of whiteboard sessions, late nights, coffee, and code we were ready to release Penny into the wild... and we couldn't be happier. We're here all day to answer any questions!
How does it work for the client if you elect to get paid instantly through the software?
Maker
Thanks for the question. The client pays the invoice when they normally would, it doesn't impact them at all. We simply ask them pay us as we've already paid the invoice to you.
nice! And if they do not pay, Penny is fully responsible / goes after? Are you doing anything to mitigate risk of clients not paying, or verifying they are responsible and credible to pay the invoice?
This is a sweet idea. Before moving into building podcast SaaS I began my career as a freelancer and suffered at the hands of people simply paying late because they were bigger businesses and simply *could*. Congrats to on this launch - I know it'll help so many freelancers to keep their finances on track without the fear that accompanies freelance billing.
Maker
Thanks ! Your rants from back in the day have always been a guiding light :)
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