No new debt. FundTap is invoice finance, so you are accessing money you have already earned by funding individual unpaid invoices. Repayment is automatic when your client pays the invoice. There are no lock-ins, no whole-of-ledger commitment, and no fixed repayment schedule. It is a different product category from a bank loan or overdraft.

How does FundTap work?

FundTap works in 4 steps. 1) Connect your accounting software (Xero, MYOB, QuickBooks, or Reckon) in under 5 minutes. 2) Select which individual invoices you want to fund. 3) Receive funds in your bank account, typically the same business day. 4) Repayment is automatic when your customer pays the invoice. There are no minimums, no lock-ins, and no monthly fees.

Will my customers know I am using invoice finance?

Only the customer whose invoice you choose to fund. FundTap is selective and discreet, with no debtor notification to your other customers. Unlike traditional factoring, FundTap does not contact your customers, does not change your invoice payment instructions for unfunded invoices, and does not require whole-of-ledger disclosure.

How fast can I get funds with FundTap?

Most eligible invoices submitted before the daily cut-off are funded the same business day, often within a few hours. Once your initial onboarding and due diligence is complete, subsequent funding is rapid because your accounting software is already connected and your debtor profiles are on file.

What does FundTap cost?

A single transparent fee of 4 to 6 percent per funded invoice. The final fee depends on invoice term, debtor profile, and customer history. There are no setup fees, no monthly fees, no lock-in contracts, and no minimum draw volume. You only pay when you choose to fund an invoice.

Am I eligible for FundTap?

FundTap is for B2B businesses in Australia or New Zealand that invoice on standard commercial terms. Eligibility criteria: NZ or AU registered business or sole trader; actively trading; greater than $5,000 monthly revenue; proven debtor repayment history; no outstanding commercial defaults or insolvencies. Funded invoices must be $300 or above. Visit fundtap.co/how-it-works/eligibility for the full checklist.

What if my customer does not pay on time?

FundTap works with you when your customer is late. Two days before the scheduled direct debit, we send a reminder email so you can extend the due date if your customer needs more time. Beyond that, FundTap manages a staged collections process and stays in contact with you throughout. The advance is recourse, meaning you remain responsible for the funded amount if the customer ultimately does not pay.

Does using FundTap affect my ability to borrow from a bank?

No. FundTap purchases your invoices, so it does not lend you money or create new debt on your balance sheet. It does not appear as a liability on your financial records and does not affect your ability to borrow from a bank or other lender. Many FundTap customers use it alongside an existing bank facility.

Frequently asked questions

Honest answers to the most common questions about FundTap and invoice finance.

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About FundTap

What is FundTap?

FundTap is an on-demand invoice finance platform for New Zealand and Australian small businesses. We let you pick specific unpaid invoices and get funded within hours — no lock-ins, no minimums, one flat fee. Integrates with Xero, MYOB and QuickBooks.

Is FundTap a loan?

No. FundTap is not a loan. You’re accessing money you’ve already earned — the invoice has been raised and the work is done. There are no fixed repayments, no interest rate and it doesn’t appear as debt on your balance sheet.

Is FundTap available in Australia?

Yes. FundTap operates across both New Zealand and Australia.

Getting funded

How quickly do I get funded?

Most customers receive funds within a few hours of submitting an invoice. FundTap funding operates during regular business hours, but the customer portal is always available to manage and submit your invoices .

How much of the invoice do I get upfront?

Up to 90% of the invoice value is paid to you within hours. Once your customer pays, FundTap collects the advance plus the fee via direct debit.

Can I fund just one invoice?

Yes. FundTap is fully selective. You can fund a single invoice and stop there — no obligation to fund more, ever.

Your customers

Do my customers find out?

No. FundTap is completely confidential. Your customers pay you as normal — there is no notification and nothing changes from their perspective. They never interact with FundTap.

What if my customer pays late?

The fee adjusts based on how long the invoice is outstanding. If your customer is going to pay late, the Fundtap portal allows you to shift the repay date by up to 5 days and the fee increases slightly. You’ll always see the current fee in your FundTap dashboard.

Costs and fees

How much does it cost?

FundTap charges one flat fee per invoice funded, which is calculated based on the amount funded and the length of funding. There are no monthly fees, establishment fees or exit fees. You see the exact fee before you confirm — no commitment until you’re ready.

Are there any fees to sign up?

No. Setting up FundTap is completely free. You only pay a fee when you choose to fund an invoice.

Eligibility

What businesses can use FundTap?

Any business registered in NZ or AU, operating for at least 6 months that issues invoices with credit terms.

Does FundTap do a credit check?

Yes. As part of approval we run a credit check on your business and the owners. Because we don't require the security a traditional bank facility usually does, FundTap can be accessible to businesses that might not qualify for bank finance.

What does “no lock-in” mean?

There is no minimum contract term. You can stop using FundTap at any time, with no cancellation or exit fee.

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