TL;DR: New Zealand businesses have several invoice finance options, ranging from traditional banks to specialist providers and fintech platforms. The right choice depends on your business size, invoicing volume, and how much flexibility you need. Key factors to compare: fees, lock-in terms, minimum volumes, speed of funding, and whether your customers are notified.
What to Look For in an Invoice Finance Provider
Not all invoice finance providers work the same way. Before committing, evaluate:
- Fee transparency, Is it a single fee, or are there monthly charges, admin fees, and hidden costs?
- Lock-in contracts, Are you tied in for 12–24 months, or can you use the service on demand?
- Whole-ledger vs selective, Must you assign all invoices, or can you choose which ones to fund?
- Customer notification, Will your customers know you are using invoice finance?
- Speed of funding, How quickly do you receive the advance after submitting an invoice?
- Accounting integration, Does the provider connect to Xero, MYOB, or QuickBooks?
- NZ-specific support, Does the provider understand New Zealand business conditions and offer NZD facilities?
Types of Invoice Finance Available in NZ
Bank Invoice Finance
Major NZ banks (ANZ, BNZ, ASB, Westpac) offer invoice finance as part of their business banking suite. These tend to require established trading history, higher turnover thresholds, and may involve whole-ledger assignment. Rates can be competitive at scale but setup is slow and requirements are strict.
Traditional Invoice Factoring
Specialist factoring companies buy your invoices and manage collections on your behalf. Your customers are usually notified. This suits businesses that want collections handled externally but comes with less privacy and potential lock-in contracts.
On-Demand Invoice Finance
Fintech providers like FundTap offer on-demand invoice finance through cloud accounting integration. You choose individual invoices, receive funds within hours, and there are no lock-ins or minimum volumes. This model is the most flexible and accessible for small businesses.
Why NZ Businesses Choose FundTap
- Built for New Zealand, NZD facilities, local support, NZ business understanding
- Connects to Xero, MYOB, and QuickBooks
- Single transparent fee of 4–6% per invoice
- No lock-in contracts, no minimum volumes
- Completely confidential, customers never notified
- Funded within hours
See how FundTap works for NZ businesses →
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Fundtap has removed the stress and sleepless nights from running a trades business. Instant access to our money when we need it has repaired our cash flow and ensures our supplier bills are paid on time every time.
We love the convenience and accessibility of FundTap. It’s simple, which is really nice, and has enabled us to do things we wouldn’t otherwise have been able to do.
Great service with a professional team. FundTap does a great job at plugging the gap for small businesses and providing confidence to make decisions regarding business growth.
The best provider depends on your needs. For flexibility, speed, and no lock-ins, FundTap is designed for NZ SMEs. For high-volume whole-ledger facilities, a bank or traditional provider may suit. Compare fees, contract terms, and minimum requirements before deciding.
Costs vary by provider. Traditional providers may charge service fees plus interest on advances. FundTap charges a single fee of 4–6% per invoice with no monthly fees or hidden charges.
Yes. Major NZ banks offer invoice finance, but typically require established trading history, higher turnover, and may involve whole-ledger assignment. Setup can take weeks. FundTap offers same-day setup with no minimum turnover.
Yes. FundTap is specifically designed for small and medium NZ businesses. There is no minimum turnover, no minimum invoice value, and no lock-in contract.
Yes. FundTap integrates directly with Xero, allowing you to select and fund invoices from within your accounting workflow.