FIFO Capital and FundTap both operate across AU and NZ in working capital finance. FIFO Capital is broker-distributed and structured for larger facilities. FundTap is direct, accounting-integrated, selective per invoice, with fees from 4% and no lock-ins. FundTap suits smaller SMEs that want on-demand funding without going through a broker.
Last reviewed 11 August 2026
FIFO Capital is a relationship-led commercial finance provider offering invoice finance and trade finance solutions across AU and NZ. FundTap is on-demand invoice finance for Australian and New Zealand small businesses. Here is a straightforward comparison so you can decide what suits your situation.
At a glance
| Feature | FundTap | FIFO Capital |
|---|---|---|
| What it is | On-demand invoice finance | Invoice finance and trade finance |
| Cost | Per-invoice fee from 4% (no setup fees, no monthly subscription fees, no early-repayment fees) | Facility-based pricing per agreement |
| Repayment | Automatic when your customer pays the original invoice | Facility-based with structured drawdowns and repayments |
| Entry criteria | Connect Xero, MYOB, QuickBooks or Reckon and pick a single eligible invoice , no fixed trading-history or revenue threshold for new accounts (subject to standard credit assessment of you and the debtor) | Typically larger facility minimums and consistent monthly volumes |
| Effect on balance sheet | No new debt added to the balance sheet , you are accessing money you have already earned | Depends on facility structure |
| Speed | Typically funded same business day, once your accounting software is connected | Onboarding takes longer than online providers due to facility setup |
| Markets | Australia and New Zealand | Australia and New Zealand |
| Ongoing commitment | No monthly subscription fees, no minimum draw volume | Facility fees may apply |
When FundTap is likely the better fit
- Your invoicing volume sits below typical facility minimums but you still need to unlock cash from invoices.
- You want online onboarding through your accounting software rather than a facility setup.
- You want to fund single invoices when you need to, with no facility commitment.
When FIFO Capital is likely the better fit
- You are a larger business with consistent invoicing that fits a facility structure.
- You want a relationship-led commercial finance partner.
- You need trade finance or other commercial products alongside invoice finance.
Switching to FundTap takes four steps
- Connect your accounting software (Xero, MYOB, QuickBooks or Reckon). Takes about five minutes.
- Pick an unpaid invoice you would like to fund.
- See the exact fee for that invoice before you commit to anything.
- Receive funds, typically the same business day.
Common questions
Does my business need to invoice other businesses to use FundTap?
FundTap funds invoices your customers owe you, whether they are businesses, government departments, councils or consumers. The most common use is invoicing other businesses, but business-to-consumer, business-to-government and similar arrangements work too. What does not fit is cash-only work, because there is no invoice to fund against.
How is FundTap different from a business loan?
FundTap is not a loan. There is no new debt added to your balance sheet, no fixed repayment schedule, and no lock-in. You are accessing money you have already earned through an unpaid invoice. The invoice is repaid automatically when your customer pays, so you are never paying for funding you are not using.
What if my cashflow needs are short-term or sporadic?
That is exactly when FundTap works best. There are no monthly subscription fees, no minimum draw volume, and no contract. Fund one invoice, a few, or none. There is no penalty for not using the product.
How quickly can I get funded?
Once your accounting software is connected and your account is verified, eligible invoices are typically funded the same business day. Cut-off times and processing windows apply.
Competitor information is based on publicly available data at time of writing and may change. This page is for general information only and is not financial advice. Outcomes depend on circumstances, invoice profile, and approval. Confirm current terms directly with each provider.
