How does Finstro Pay / Supplier Finance work?
Finstro Pay - Supplier Finance
How does Finstro Pay work?
Upload Invoice
Simply upload your invoices, or sync them in automatically with Xero or MYOB, then select those you want paid.
We pay your supplier
We confirm and pay your supplier in under 24 hours
You pay later
Pay off over 6 months, with no early payment fees.
Prefer to speak to a real person? We have those! We are here to help with any questions you may have.
- Prefer to speak to a real person? We have those!
- We are here to help with any questions you may have.
Key benefits of Finstro Pay Supplier Finance
- Bridge the cash flow gap between paying suppliers and being paid by your customers
- Negotiate early payment or volume discounts
- Deposit funds for a bank guarantee
- Pay the ATO
- Pay Superannuation obligations
- No ongoing fees, allowing you to keep it as safety net for unexpected moments, or take advantage of unforeseen opportunities
Why use Finstro Pay Supplier Finance?
- Unlike a Business Loan, Finstro Pay allows you to truly free your cash flow and increase your working capital by extending your payment terms to your suppliers of goods and services. Finstro Pay offers up to 4 months for repayment of your supplier invoices, with no minimum period, meaning you can tailor the repayments to best suit your business’s cash flow – putting you in control of your supply chain and cash flow.
- Because Supplier Finance also results in your suppliers being paid early or on-time, this increases your leverage to negotiate discounts and price reductions with your suppliers
- "Finstro has been such a saviour, always available to help me out when we need it. I couldn't be happier, the service I have received has been extremely professional and made the whole experience so easy for me. Knowing that I didn't need to stress about my finances so I could instead concentrate on running my business, working with Finstro has been an absolute pleasure. Thank you so much to the team at Finstro."
Hatice, Essendon Hair & Beauty
- What a great product, fast application process and facility was put into place within 24 hours. I received professional and customer focused service from Alex, he followed up with me on several occasions to help navigate the site and to check that all was running well. I would highly recommend Finstro as a business partner.
Graeme, NT Systems
Have an active ABN
Be registered for GST for at least 3 months
Registered for GST (minimum 6 months)
Have a clean Credit File
Don’t have the time to research? You can request a call back from one of our team members who’ll be happy to advise you on the correct type of business finance.
Regardless of whether it’s a product we offer, we’ll point you in the right direction.