What is the difference between invoice finance and invoice factoring?

Invoice finance (like Fundtap) advances money against your invoices confidentially. Invoice factoring involves selling your invoices to a third party who then collects payment from your customers directly — your customers know.

How does invoice finance compare to a business loan?

A business loan gives you a lump sum you repay in fixed instalments regardless of your revenue. Invoice finance advances money from invoices you've already raised — there's no fixed repayment schedule and no interest rate.

Is Fundtap cheaper than a business overdraft?

It depends on usage. An overdraft charges interest daily on the balance used. Fundtap charges one flat fee per invoice funded. For businesses that use funding occasionally, Fundtap is often more cost-effective.

Compare your finance options

Not all small business finance works the same way. Before committing to anything, it’s worth understanding what each option actually involves. These guides lay it out clearly.

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Invoice finance vs other finance types

Invoice finance vs invoice factoring — both use invoices, but one is confidential
Invoice finance vs business loan — access your own money vs borrowing
Invoice finance vs bank overdraft — flexible but costly vs flat-fee
Invoice finance vs invoice discounting — two terms, different meanings
Selective vs whole-ledger invoice finance — fund one invoice or all of them
SME finance options compared — full overview of all options

Fundtap vs competitors

Fundtap vs Marmalade
Fundtap vs ScotPac
Fundtap vs Earlypay
Fundtap vs FIFO Capital
Fundtap vs Waddle
Fundtap vs Prospa
Fundtap vs Bizcap
Fundtap vs Moula
Fundtap vs OnDeck

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