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Funds to grow your business with Xero

Connect your Xero account to access funds in your outstanding invoices and improve your cash flow today.

Designed for everyday business owners like you

Finaxar understands the challenges small and medium business face and created a product that makes it easy to grow their business by availing flexible credit facility and providing integration with cloud accounting software, such as Xero. As a direct lender, we are in a position to commit to your business in for the long run.

 

up to

S$1 Million

Credit Limit

as low as

0.7%*

Interest Rate

as fast as

72 hrs

Approval

Connect your Xero account to get funds faster

Share
You can securely share access to your full accounting data by connecting Xero account.
Hours

With your trading data in Xero, we can make a decision within couple of hours. 

Tick-mark
Choose to have details of your loan & repayments added to Xero account to save time on bookkeeping.
integration

Finaxar's direct integration with Xero saves time on your application.

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Request funds with one click and receive them in 24 hours.

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View, prioritize & submit your invoices to get funds at one place.

It takes 5 minutes to get started

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1

Apply 

It takes 5 minutes to get started. Apply online, complete your profile and connect your accounting software to sync invoices.

2

Set up your credit limit

Once your account is approved, establish the size of your credit line. You can choose up to S$1,000,000

3

Submit your invoices

View invoices you want to finance, in order of priority. Load invoices (account receivables) to initiate the financing process with finaxar.

4

Get Funds

Once your account is approved, submit your invoices to us and get up to 80% of invoice value within 24 hours.

Three reasons to choose Finaxar
Receivable Financing Solution

Transparent terms, no hidden fees

A simple pricing model with a single transparent fee. Only get charged for what you draw down, regardless of the size of your credit line. No set-up fees, processing fees, or any other hidden fees.

Simple and hassle-free funding

Sync your Xero accounting seamlessly with Finaxar and do away with the paperwork for an effortless credit application. Yes, getting finance can be stress-free!               

Get funds fast, within 24 hours

Apply in 5 minutes with basic details about your business. Undergo one time credit assessment and get approved within 72 hours. Request funds in one click and receive them within 24 hours.

Finaxar in Media

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Finaxar has been awarded as the winner of 'Visa Everywhere Initiative 2019' in Singapore

3 march 2019  |  Fintech News

Visa announced Finaxar as the winner of the Visa Everywhere Initiative (VEI) 2019 during the Singapore finals. Finaxar is perhaps best known for partnering with Lazada to offer financing for its merchants. It was chosen from a group of ten finalist who pitched their solutions to a panel of judges at Visa University

Alibaba’s Lazada begins to offer financing for online retailers in Southeast Asia

24 Aug 2018  |  Tech in Asia
 

Finaxar’s “merchant credit line” allows Lazada sellers to access any amount of capital online anytime they need it, rather than resorting to long-term loans.

Finaxar charges an all-in fee of up to 1.5 percent of the loaned amount, doing away with the standard practice among financial institutions: offering low interest rates and then adding an array of charges, such as processing and facility setup fees. .

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Alibaba’s Lazada begins to offer financing for online retailers in Southeast Asia

24 Aug 2018  |  Tech in Asia
 

Finaxar’s “merchant credit line” allows Lazada sellers to access any amount of capital online anytime they need it, rather than resorting to long-term loans.

Finaxar charges an all-in fee of up to 1.5 percent of the loaned amount, doing away with the standard practice among financial institutions: offering low interest rates and then adding an array of charges, such as processing and facility setup fees. .

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Finaxar was featured as one of the most innovative startups from ASEAN at the World Economic Forum

8 Sep 2018  |  World Economic Forum

“We expect the start-ups to make an important contribution to shaping the debates at the meeting about the impact and course of new technologies and disruptive business models. We believe that they will enrich important discussions about how to upgrade innovation ecosystems and promote entrepreneurship"

What clients have to say about us

"We're excited about our partnership with Finaxar to pilot an innovative financing solution for our users of EzyProcure, alleviating cash flow pain points that have plagued both buyers and suppliers at an industry-wide level."

 

Edmund Louis Nathan

CEO, SGeBIZ

“Innovative solutions and flexibility to meet client needs, a well-coordinated team that worked seamlessly to meet client objectives, and a focus that delivered on client goals exceedingly well. I would recommend Finaxar to all SMEs as a boutique that disintermediates and disrupts the invoice discounting banks very effectively.”

Avirup Chakraverty

CEO, MPOWER PLUS

Relationship Driven

Our technology-driven approach of providing innovative small business financing is one of the first in South-East Asia! However, we are most proud of the relationships we are building with small business owners in the region.