What is selective invoice finance?

Selective invoice finance lets you choose which specific invoices to fund. You're not committed to funding your entire customer ledger, you pick the invoices you need, when you need them.

What is whole-ledger invoice finance?

Whole-ledger (or full-ledger) invoice finance requires you to fund all your invoices from one or all customers. You can't pick and choose, you commit the entire ledger.

Does FundTap require whole-ledger commitment?

No. FundTap is fully selective. You choose which invoices to fund, one at a time, with no obligation to fund others.

Selective invoice finance vs whole-ledger: what’s the difference?

TL;DR: Selective invoice finance lets you fund individual invoices on demand, with no minimums and no lock-in. Whole-ledger finance requires you to commit your entire receivables book and usually carries monthly fees and minimum volumes. For most AU and NZ SMEs the selective approach is more flexible and cheaper overall. FundTap is selective.

One of the biggest differences between invoice finance providers is whether you have to commit your whole customer ledger or can choose specific invoices. This matters a lot in practice.

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Feature	Selective (FundTap)	Whole Ledger
Choose which invoices to fund	Yes, pick any invoice, any time	No, must fund all (or all from one client)
Minimum volume commitment	None	Usually a minimum % of ledger
Flexibility to stop	Yes, anytime	Usually requires notice period
Cost	Pay only for what you fund	Often has minimum monthly fees
Good for occasional use?	Yes	No, designed for regular use
FundTap's model	Selective	N/A

Why selective invoice finance suits most SMEs

Whole-ledger finance was designed for large businesses with consistent invoice volumes across all clients. For most small businesses, invoicing is uneven. You might need to fund one large invoice this month and nothing next month.

Selective finance (like FundTap) matches this reality. Fund when you need to, stop when you don’t. No minimums, no lock-in.

When whole-ledger finance makes sense

Whole-ledger (or full-ledger) facilities can work well for established businesses with steady, high invoicing volumes and limited in-house credit control. Because the funder takes on the whole book, per-invoice rates can look lower, and outsourced collections free up admin time. The trade-offs are commitment and control: you fund every invoice, usually agree to monthly minimums and a notice period, and your customers are typically told about the arrangement.

What each approach costs

With selective finance you pay only for the invoices you choose to fund, so there are no monthly minimums and nothing to pay in the months you do not use it. FundTap charges a flat fee per invoice with the exact cost shown before you confirm, and the fee reduces if your customer pays early. Whole-ledger facilities often carry a lower headline rate but add service charges and minimum-fee floors, so the effective cost depends on your volume and how consistently you use the facility.

How FundTap selective funding works

FundTap is fully selective and built for small businesses in New Zealand and Australia. Connect your accounting software (Xero, MYOB, QuickBooks or Reckon), choose the invoice you want to fund, see the exact cost up front, and receive funds, often the same business day. There is no minimum, no lock-in and no whole-ledger commitment, and your customers keep paying you directly. Fund one invoice or many, and your limit grows as your invoicing grows.

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