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nFinance is not a Bank or a non Banking Financial Institution. nFinance is a fintech which is in the supply chain financing business by providing invoice factoring to sellers who are already selling on eCommerce Big Box Marketplaces.
No, nfinance is not providing a loan, instead nfinance will be providing a recurring funding source for sellers who needs fast payments for the goods being sold on marketplaces.
nFinance is available on 06 different Ecommerce Big Box retail marketplaces across USA which includes (Amazon, Walmart, Wayfair, The Home Depot, Houzz, Macy’s).
In order to obtain invoice financing as an Ecommerce based seller, your business entity must be based already selling your products in the USA market.
Ecommerce Sellers who are already selling on retail Big box Ecommerce marketplaces for the last 6 to 9 months and in good standing are eligible register as sellers of nFinance.
Monthly minimum average sales should be above $3,000.
Yes, a seller can obtain invoice factoring from nFinance, but requires to have sales data for the last 6-9 months of seller performance.
In order to obtain invoice financing as an Ecommerce based seller, your business entity must be based already selling your products in the USA market.
nFinance has 02 Major Front Ends visible on daily operations.
Back Office UI
Seller Side UI
This is a dashboard for the Seller who is obtaining factoring solution from nFinance. Seller will be able to see the details related to factoring received via nFinance through this UI
This is the UI being used by the appointed nfinance personnel who manages the nfinance operation on a regular basis. Details related to each transaction and each sellers details are listed inside this UI. Each activity initiated from Sellers Side are presented to the back office operations team, via [Daily Requests] based on type of request (Invoice Requests, Transfer Request, Support Request)
The reason behind why we advance up to 70% of your daily sales value, and not 100%, is because we understand there are number of refunds that may occur due to return of goods in the marketplaces. Being allowed with refunds we try to reduce the number of instances which you will have to pay us back. This way you have a reasonable buffer of 30% to manage the refunds in an efficient way.
With your relationship and transaction history increased while maintaing a sustainable transction average over the period of time, may considered when leading to a decision of increasing the current limit of funding percentage.
