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.
⭐⭐⭐⭐⭐ 4.9 stars · 224 reviews on Google • 27% average revenue growth for FundTap customers
| 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.
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