Invoice Factoring: How Does It Work?
Description
Invoice factoring accelerates cash flow by allowing businesses to sell their unpaid invoices to a third-party, like Mynd Fintech. Here's how it works: Mynd Fintech advances a percentage of the invoice value, typically 70-90%, providing immediate working capital. Once the customer pays the invoice, Mynd Fintech releases the remaining amount minus a fee. This financial solution helps businesses overcome cash flow challenges swiftly. Optimize your working capital with Mynd Fintech's efficient and tailored invoice factoring services. Unlock liquidity and propel your business forward.
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Useful information
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