The fastest, easiest and cheapest way to achieve 90 days of credit based on your invoice

Project description

New web solution for invoice financing for SMEs

Small and medium companies (SMEs) are crucial for healthy and stable economies and contribute the most to economic growth and employment. However, SMEs continue to have limited access to credit and often face lack of liquidity issues. The EU-funded CreditStretcher project is developing an innovative financial solution to ensure unique fully automated financing. Their solution offers instant invoice payment for subcontractors and up to 90 days of credit stretching for contractors. Also including insurance to cover risk and automation, the cost of the entire transaction is reduced and the entire online process becomes simple. Its speed and clarity is expected to revolutionise the invoice financing market.

Fields of science

• social sciences › sociology › industrial relations › automation
• social sciences › economics and business › business and management › employment

Programme(s)

• H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme
• H2020-EU.3. - PRIORITY 'Societal challenges
• H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies

Topic(s)

• EIC-SMEInst-2018-2020 - SME instrument

Call for proposal

H2020-EIC-SMEInst-2018-2020

See other projects for this call

Sub call

H2020-SMEInst-2018-2020-1

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

IOU.EXCHANGE APS

Net EU contribution

€ 50 000,00

Address

Applebys Plads 7
1411 Copenhagen K
Denmark

Region

Danmark › Hovedstaden › Byen København

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

Links

Non-EU contribution

€ 21 429,00