Nuvei Launches Integrated Invoice Financing Services

Nuvei, a fintech company based in Canada, has introduced new Invoice Financing services integrated into enterprise resource planning (ERP) platforms.

This initiative aims to provide merchants direct access to Nuvei’s Invoice Financing solutions within their ERP systems, facilitating optimised cash flow and more efficient unlocking of working capital. Building upon Nuvei’s flagship Accounts Receivable Automation suite, designed to manage and enhance Days Sales Outstanding (DSO), the introduction of Invoice Financing extends this solution off-balance sheet, offering customers a high level of certainty for same-day or next-day cash.

In light of increasing interest rates, Invoice Financing seeks to become an essential tool for businesses striving to scale effectively. Nuvei’s Invoice Financing solution enables businesses to expedite payments from any customer invoiced through their ERP with a single click, ensuring prompt access to needed cash and offering favourable rates based on existing payment transaction data.

Key benefits and features of Nuvei’s integrated Invoice Financing services include instant access to capital, enhanced cash flow management, and seamless integration with existing workflows. By streamlining financial operations through frictionless onboarding and swift funds disbursement within 24 hours of choosing to finance an invoice, businesses can optimise their financial processes.

In a company press release, Nuvei representatives underscored the integration of Invoice Financing services with leading ERP platforms, highlighting the company’s commitment to empowering businesses to unlock financial flexibility and optimise cash flow management to support success in the dynamic business environment.

Nuvei operates as a Canadian fintech company facilitating global business acceleration. Its modular, flexible, and scalable technology enables companies to accept next-gen payments, offer diverse payout options, and access card issuing, banking, risk, and fraud management services. Operating in more than 200 markets with local acquiring in 50 markets, 150 currencies, and 680 alternative payment methods, Nuvei aims to provide the technology and insights for customers and partners to succeed locally and globally with one integration.

In April 2024, Nuvei announced an agreement to be taken private by Advent International via an all-cash transaction valued at approximately USD 6.3 billion. This agreement, supported by major shareholders including Philip Fayer, Novacap Management Inc., and CDPQ, entails Nuvei remaining headquartered in Montreal.

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