In these testing times businesses are increasingly paying the cost of a flawed banking system – a system which caused the biggest global meltdown since the great depression!
The Open Market puts small to medium sized companies in need of funding together with investors seeking realistic returns from their capital… all in a smart and ethical environment.
552
BUSINESS HELPED
2173
INVOICES SOLD
659
USERS REGISTERED
1324900
FUNDS TRADED
Features
The Open Market Auctions channel allows business owners to free up much needed cash by making it easy and fast to auction invoices with unhelpfully long payment terms to investors seeking a more attractive return than the banks can give.
After passing some common sense fraud prevention checks and providing you have adequate evidence along with each invoice there is no limit on how many you can auction. Once a buyer bids and wins an auction you can receive the winning bid amount within 48 hours.
Some of the benefits and features of The Open Market Auctions include:
- A viable and quick alternative to bank lending
- No upfront costs, we invoice you for a tiny percentage of the winning bid value
- Don’t wait weeks or months to receive invoice payments
- Free up your cash-flow and unlock business revenue
How it works for sellers
(e.g. anyone who owns a business or is self employed and deals with invoices.)
Event Flowers needed extra funds to buy a replacement
delivery van but also had to cover their employee wages
so there was no extra cash left in the business.
One of their regular customers, Company X, owed them £10,000 for a huge order but only pays quarterly and
were often late.
The bank wouldn’t offer them a loan due to a poor creditworthiness and they had no other borrowing
options.
So Event Flowers decided to place the £10,000
invoice on The Open Market Auctions and managed
to raise the cash they needed in just 3 days!
How it works for buyers
(e.g. anyone with extra cash who wants to invest in an ethical way.)
John inherited a large sum of money from a relative
and wanted to invest some of it in an ethically sound
way which would also give him quick returns.
He looked around at various offerings from the major
banks as well as some IFAs and found the options
limited and too high risk.
He was eventually advised by a friend to check out
The Open Market Auctions and decided to test the
waters by bidding for a low value invoice.
John won the auction, paid the winning amount, and a
month later got a 10% return on his investment whilst
helping a small business owner in need of funds.
See how Open Market Auctions can help your cashflow
Peer to peer boutique invoice finance solution aimed specifically for SME businesses trading with larger enterprise clients.
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