In an industry first, InvoiceX has today published its full loan book as part of its push for greater transparency in Australian SME finance.
The loan book contains anonymised data on more than $6.5 million of invoice trades from the platform’s launch on 20 November 2014 to 31 December 2015.
During this period, InvoiceX facilitated 201 trades for SMEs with an average trade face value of $33,098, weighted average discount fee of 1.17% per calendar month and average settlement period of 35 days. Larger trade values of close to $200,000 in the last three months of 2015 saw average trade face value increase to $44,133.
We want to ensure that all business owners in Australia who are eager to grow have access to transparent and fair finance which puts the rights of borrowers at the centre of the lending process.
We have set ourselves ambitious targets to help Australian businesses grow. Our institutional-grade platform is ready to service the needs of our customers on a low cost basis. As a result, we are confident that we can provide the best deal for growth capital in Australia.
The data is available publicly for anyone to download and will be updated regularly.