Fundtap is invoice finance for AU and NZ small businesses. Below are answers to the most common questions about how it works, what it costs, and who it is for.
Invoice Finance Questions - Answered
Fundtap turns your unpaid invoices into immediate cash, so you are never held back by slow-paying customers. Instead of waiting 30–90 days for payment, you can access the money the same day you invoice. This keeps your cashflow healthy so you can pay staff, buy materials, and take on new work with confidence.
Fundtap is the fastest and simplest way to access cashflow from your invoices in Australia and New Zealand. Setup takes just 5–10 minutes by connecting your accounting software — no paperwork, no manual uploads. Once you are set up, you can have funds in your account within hours simply by logging in and selecting the invoices you want funded.
Fundtap works in four steps: connect your accounting software, select the invoices you want funded, receive cash within hours, and repayment is automated after the invoice due date.
You create a free account, link your Xero, MYOB, QuickBooks, or Reckon, and your outstanding invoices appear automatically. You can see the exact advance amount and fee before you commit - there are no surprises.
No - your customers continue to pay you exactly as they do now. Unlike traditional invoice factoring, Fundtap does not require your customers to pay into a third-party trust account. Your customers will not know you are using Fundtap, and you do not need to change any part of your invoicing process.
Linking your accounting software takes less than 5 minutes. After creating your free Fundtap account, you will be prompted to connect your accounting system - simply authorise the connection with your username and password. Fundtap supports Xero, MYOB, QuickBooks, and Reckon, with real-time invoice sync.
Fundtap only accesses the financial information needed to make a credit decision - your invoice history and debtor payment history. We do not access employee information, customer employee details, or inventory data. This access replaces the need for you to manually gather and upload financial documents.
If your customer pays late, simply log in and change your direct debit date - the fee recalculates automatically to reflect the new timeframe. There is no penalty for late payment by your customer. You can also contact the Fundtap team and they will reschedule the direct debit for you.
You can repay early at any time with no extra charges. Fundtap recalculates and reduces your fee to reflect the shorter funding period. To repay early, simply bring forward the direct debit date in your account, or contact the team and they will manage it for you.
Factoring is a form of invoice finance where a lender takes over your entire debtor ledger. Fundtap is different - you choose exactly which individual invoices to fund, with no lock-in contracts and no monthly fees. Unlike factoring companies, Fundtap does not contact your customers or require them to change where they send payments.
Fundtap charges a single fee starting from 4% of the invoice value - that is the only cost. There are no sign-up fees, administration fees, documentation fees, monthly fees, annual fees, or early repayment fees. You can see the exact fee before you commit to funding any invoice on this page.
No - using Fundtap does not affect your ability to borrow from a bank or other lender. Fundtap purchases your invoices rather than lending you money, so it does not appear as a loan on your financial records.
No. Fundtap never contacts your customers. You have built those relationships and we will not put them at risk. Your customers pay you as they always have, and they will never know you are using Fundtap to access your cashflow early.