Penny
Get your invoices paid instantly
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Paul Smith

Penny - Get your invoices paid instantly

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Pollen for LinkedIn
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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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Lynne Gowers
What a great idea. Why has nobody thought of this before! Good luck with it.
Adam Farah
Maker
Thanks Lynne!
Adam Parker
Great idea. Love the product. Just checked out the website, very clear & easy to understand
Adam Farah
Maker
Cheers, Adam. Have you checked out the video link above? Shows how easy it is to get started...
Garry Haywood
Making getting paid easier and having reliable cash-flow is a great idea so more wind your sails, it is is critical to the small business, especially when you're just starting out. Are you charging a fee to the issuer or the invoicee or both?
Colin Gunnell
Maker
@garry_haywood HI Garry, thanks for your question and feedback. We charge a fixed fee to the issuer only, there are no costs or impact the the invoice...the simply pay when they normally would
Paul Allen
The sector I work in tends to result in a high volume of relatively low value (sub £1000) and I've found the usual financial instruments aren't able to offer the kind of flexible services I need. As such I have a couple of questions. Do you have a minimum value per invoice? Is there a maximum number of invoices I can put through in a given period? Would you require me to put through a minimum value or number of invoices over a given period?
Dom Zaz
This looks too good to be true! Are there any hidden costs?
Colin Gunnell
Maker
@dom_zaz Hi Dom, thanks for your question. No, there are no hidden costs at all. Penny simply charges a fixed fee for instantly paying an invoice, this fee is shown clearly both as a percentage and in pounds in pence every time you want to use the service so you always know where you are with your money.
Diego Torres-Palma
Is there a launch planned for the USA? Love this concept!
Colin Gunnell
Maker
@diegotp Hi Diego, we really hope so. we're focusing on the UK at the moment but are looking to expand as soon as possible :)
Diego Torres-Palma
@colin_gunnell great news! I would love to have you guys come on the podcast and introduce your product. I just sent over an email to hello@penny..
Colin Gunnell
Maker
@penny @diegotp Thats fantastic, looking forward to speaking with you :)
M Rolfer
Sounds like a great product but currently, and it seems for the foreseeable future, it is UK only. Based on a chat I just had with them.
Dady Ismael
Let's play this scenario : l have told to X to deliver me a fake invoice and l come to Penny to get paid .......How do you deal with this kind of scenario when two fraudsters are trying to scam Penny with a fake invoice ?
aisha.raheem
This is a great concept. It looks super easy to use and is such a straightforward implementation of invoice discounting!
Colin Gunnell
Maker
@aisharaheem6 thanks for you feedback, it's super appreciated :)
Dorian Reeves
That looks amazing! Congrats guys. Are you planning on expanding to Canada soon? Also a quick question. What if we subscribe to the service a few months after a payment is already late? Do you offer to cover past invoices?
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