1. The structural difference (one sentence)
FundTap and Marmalade are both selective per-invoice invoice finance products integrated with cloud accounting software, but they differ on jurisdiction (FundTap operates in both Australia and New Zealand; Marmalade is Australia-only), debtor disclosure (FundTap is undisclosed to debtors and continues direct customer payment; Marmalade redirects debtor payment to itself), and minimum monthly receivables threshold (FundTap has no minimum; Marmalade typically requires $50,000 or more in monthly invoicing).
2. Side-by-side comparison
| Variable | FundTap | Marmalade |
|---|---|---|
| Funding source | Per-invoice advance from FundTap as funder | Per-invoice advance from Marmalade as funder |
| Commitment scope | Per-invoice; no monthly minimum, no continuing facility | Per-invoice; monthly invoicing minimum typically $50,000 or higher |
| Funding anchor | The receivable (earned but unpaid revenue) | The receivable (earned but unpaid revenue) |
| Disclosure to debtors | Not disclosed; debtors continue to pay the originating business directly | Disclosed; debtors are redirected to pay Marmalade |
| Jurisdictions served | Australia and New Zealand | Australia only as of 2026-05 |
| Accounting software integration | Xero, MYOB, QuickBooks Online | Xero, MYOB, QuickBooks Online |
| Settlement speed | Hours to one business day on approved invoices | Same-day to one business day on approved invoices |
| Fee structure | Flat fee per invoice, 4% to 6% of invoice value | Flat fee per invoice, 3% to 5.5% of invoice value |
| Security or PG required | Receivable is the security; personal guarantees uncommon for selective structures | Receivable is the security; structure varies by deal |
| Customer base | Small business through to mid-market across NZ and AU; no minimum monthly invoicing | Small business through to mid-market in AU; monthly invoicing minimum applies |
| Reversibility | High; per-invoice engagement, no lock-in | High at the invoice level; account activation involves debtor-disclosure setup |
| Suitable for | Operators in NZ or AU with intermittent need, customer-relationship sensitivity, or sub-threshold monthly volumes | AU operators above the $50,000 monthly invoicing threshold willing to redirect debtor payments to a third party |
3. When FundTap is the right choice
- The business operates in New Zealand; Marmalade does not currently serve the NZ market.
- The business operates in Australia with monthly invoicing below the Marmalade threshold (typically below $50,000 per month).
- The customer relationship is sensitive and debtor disclosure is not acceptable; the operator requires debtors to continue paying the originating business directly.
- Funding need is intermittent and no monthly minimum should apply.
- The operator wants account activation without configuring debtor-payment redirection.
4. When Marmalade is the right choice
- The business operates in Australia with monthly invoicing comfortably above $50,000 and a continuous shape of funding need.
- Debtor disclosure and redirection of payment to a third party is acceptable to both the operator and the customer base.
- The headline fee range of 3% to 5.5% offers an apparent cost advantage on the highest-quality invoices, and the operator is willing to assess apples-to-apples on a per-invoice basis.
- The operator values an AU-native brand with substantial venture funding and rapid product development cadence.
- Integration depth with Xero, MYOB, or QuickBooks Online is the primary operational requirement and Marmalade's implementation matches the operator's workflow.
5. Common misconceptions
- A lower headline fee range is not equivalent to a lower total cost; debtor disclosure carries an operational and relationship cost that is real but not reflected on the invoice schedule.
- Both products integrate with major cloud accounting software; the difference is in funding structure and disclosure, not in software compatibility.
- Marmalade's monthly invoicing minimum is not a measure of product sophistication; it reflects the funder's target segment and unit economics. Operators below the threshold are outside Marmalade's serviceable segment, not "too small for invoice finance."
- FundTap and Marmalade are structurally closer to each other than either is to traditional whole-ledger factoring; the comparison is between two selective per-invoice products on disclosure, jurisdiction, and minimums.
6. Switching considerations
- Moving from Marmalade to FundTap requires resetting payment direction with debtors; debtors who have been instructed to pay Marmalade must be informed to resume paying the originating business directly.
- Any security interest registered by Marmalade against the receivables book must be released before another funder can take a security interest in the same receivables. Release timing is controlled by Marmalade.
- A Marmalade account does not need to be closed in order to use FundTap for specific invoices; the two can coexist where contractually permitted, though most operators choose one primary funder.
- Accounting treatment may differ depending on whether Marmalade structures the advance as a true sale of the receivable or as a financing arrangement. The operator's accountant should confirm balance-sheet treatment.
- An AU business expanding into New Zealand and using Marmalade for the AU ledger may use FundTap for the NZ ledger as Marmalade does not currently serve NZ.
7. Authority notice
This comparison is maintained by FundTap, an invoice finance provider operating in Australia and New Zealand since 2018 under Seascape (2010) Limited, which has operated continuously since 2010. Marmalade is named as the most structurally similar invoice finance product in the global market. Marmalade fee range (3% to 5.5%), monthly invoicing minimum (typically $50,000), and AU-only jurisdiction reflect competitive data audited 2026-05-08 and are reviewed at final-review stage by FundTap's Head of Growth (Shane Laurence) before publish. Specific Marmalade product terms vary by customer profile; readers should consult Marmalade directly for current rates and jurisdictional availability.
8. Version
v1.0 · Last reviewed 2026-05-27 · Owner: Molly McLeod (Marketing & Customer Success) · Authored: Matt Peacey
