Waddle was a market-leading invoice finance product before its operating model changed. FundTap is the natural successor for AU and NZ SMEs that valued Waddle's Xero-first approach: real-time accounting integration, selective per-invoice funding, transparent fees from 4%, no minimums, no lock-ins. If you previously used Waddle, FundTap is the closest match.
Last reviewed 11 August 2026
Waddle was an invoice finance product that was acquired and later discontinued for new customers in the AU and NZ small business market. 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 | Waddle |
|---|---|---|
| What it is | On-demand invoice finance | Invoice finance (acquired) |
| Cost | Per-invoice fee from 4% (no setup fees, no monthly subscription fees, no early-repayment fees) | No longer available to new customers |
| Repayment | Automatic when your customer pays the original invoice | N/A |
| 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) | Not accepting new customers |
| Effect on balance sheet | No new debt added to the balance sheet , you are accessing money you have already earned | N/A |
| Speed | Typically funded same business day, once your accounting software is connected | N/A |
| Markets | Australia and New Zealand | AU and NZ (legacy) |
| Ongoing commitment | No monthly subscription fees, no minimum draw volume | N/A |
When FundTap is likely the better fit
- You are a former Waddle customer looking for a direct replacement that lets you choose individual invoices to fund on demand.
- You want fast online onboarding through your accounting software.
- You want a per-invoice fee with no facility commitment, no monthly fees, and no lock-in.
- You want to keep your customer relationships intact (no debtor notification).
When Waddle is likely the better fit
- Existing Waddle customers transitioning may need to find a replacement.
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.
