Penny

Get your invoices paid instantly

6 followers

Get your invoices paid instantly

6 followers

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.

Launch tags:Freelance•Fintech•Payments

Launch Team

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Penny

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: http://pennyfreedom.co.uk/?utm_s...

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6yr ago

Penny

Maker

@colin_gunnell 👋

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6yr ago

@colin_gunnell thanks!

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6yr ago

Pollen for LinkedIn

Hunter

I was living with @adamfarah in London when he and @colin_gunnell 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!

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6yr ago

Penny

Maker

Thanks so much for hunting us @paul_a_smith, 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 @colin_gunnell 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!

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6yr ago

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?

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6yr ago

Penny

Maker

@helenajlc 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 :)

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6yr ago

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)?

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6yr ago

Penny

Maker

@fancsiki 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 :)

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6yr ago

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?

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6yr ago

Penny

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

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6yr ago

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?

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6yr ago

Noworri

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 ?

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6yr ago

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