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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Promoted

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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6yr ago

Captivate 2.0

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 @adamfarah on this launch - I know it'll help so many freelancers to keep their finances on track without the fear that accompanies freelance billing.

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6yr ago

Penny

Maker

Thanks @mrasquith! Your rants from back in the day have always been a guiding light :)

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6yr ago

Penny

Maker

I’m Colin Gunnell and I am one of the founders of Penny. Thanks for hunting us @Paul_a_smith 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!

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6yr ago

This is a great concept. It looks super easy to use and is such a straightforward implementation of invoice discounting!

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6yr ago

Penny

Maker

@aisharaheem6 thanks for you feedback, it's super appreciated :)

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6yr ago

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.

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6yr ago

How does it work for the client if you elect to get paid instantly through the software?

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6yr ago

Penny

Maker

@cnndspnch 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.

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6yr ago

Hive 2.0

@cnndspnch @colin_gunnell 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?

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6yr ago