Factor Now launches new platform to make invoice finance clearer for UK SMEs and more efficient for brokers and lenders
Factor Now has recognised the friction, delays and uncertainty when trying to find invoice finance funding and is launching a platform to take the pain out of invoice financing for UK SMEs, while providing an efficient system for brokers and lenders.
This new invoice finance matching platform gives UK SMEs immediate indicative pricing from matched lenders, based on their business profile and debtor ledger. It helps businesses compare suitable funding options quickly, while giving lenders better-qualified opportunities from the outset.
While SMEs are still struggling with cashflow and late payment, brokers and lenders are wasting time on poorly matched enquiries. Factor Now sits in the middle – helping businesses structure their ledger data, see indicative options, and helping brokers and lenders focus on better-fit opportunities.
Factor Now provides businesses with indicative invoice finance pricing straight away, saving valuable time rather than waiting days for lender feedback. It uses the business’s aged debtor report, not just basic turnover or sector information, so matching is based on the quality and shape of the debtor book. It matches the business with lenders that are more likely to be suitable for that specific funding requirement.
The system can offer clear comparison of funding options, including likely facility size, advance rate and monthly cost, all in one place. All of this information is provided once, rather than having to repeat the process with multiple lenders or brokers.
The borrower can review options and choose the lender they want to progress with. Once a lender is selected, the onward journey can continue through Factor Now, including meetings, document sharing and lender information requirements. So, everything can be managed through one platform.
It also offers better-qualified opportunities for lenders. They receive structured opportunities where the borrower, ledger and funding requirement have already been captured. This saves time for lenders as they spend less time reviewing deals that do not fit their appetite and more time progressing opportunities, they are more likely to fund.
Brokers can also benefit from using Factor Now to structure enquiries, match clients with suitable lenders more efficiently, and provide clearer indicative options without manually approaching multiple funders one by one.
Factor Now is not a generic business finance marketplace. It has been designed specifically around how invoice finance decisions are actually made, including debtor quality, concentration, ageing, sector fit and fundability.
The system has been developed by a team which brings together practical invoice finance experience and digital growth expertise.
Factor Now is the brainchild of Don Jewell and Aires Loutsaris. Don has first-hand experience of using invoice finance to scale his own business over a 14-year period, as well as working closely with SMEs and lenders through Optimised Factoring for the past four years. Don’s knowledge gives Factor Now a very practical understanding of what businesses need from invoice finance, where the traditional process creates friction, and what lenders need in order to assess opportunities properly.
Aires brings deep experience in digital growth, AI-led SEO and scalable online acquisition, having advised more than 50 venture-backed startups. His background is particularly relevant to building a platform that can reach SMEs efficiently, convert demand online, and use technology to simplify a traditionally manual funding journey.
Together, the team combines real invoice finance market knowledge with the technology and growth experience needed to modernise how SMEs find and compare funding options.
Factor Now can help address one of the biggest pressures that leads otherwise viable businesses into difficulty: cashflow. Many SMEs are profitable on paper but still struggle because customers pay slowly, invoices remain unpaid, or cash is tied up in the debtor ledger. UK government-backed research has linked late payments to 14,000 business closures a year, showing how serious cashflow pressure can become.
Don Jewell, Factor Now business partner said: “I know from first-hand experience how powerful invoice finance can be when it works well, but I also know how frustrating the process can be when businesses are trying to find the right facility. Factor Now was built to change that. We want to give SMEs immediate visibility of indicative pricing from suitable lenders, reduce the friction in the funding journey, and help businesses access the cash tied up in unpaid invoices faster.”
Don and Aires’s vision for Factor Now is to become the fastest, clearest and most efficient way for UK SMEs to access invoice finance.
They want to remove the friction from a process that has historically been slow, manual and unclear, giving businesses immediate visibility of indicative pricing from suitable lenders and more control over who they choose to progress with.
Ultimately, the aim is for Factor Now to become the go-to platform for UK businesses looking to release cash tied up in unpaid invoices, while helping lenders and brokers work more efficiently and focus on opportunities that are better aligned from the outset.