Who offers selective invoice finance in New Zealand?
Answer
Selective invoice finance, where a business funds individual invoices rather than committing the whole receivables ledger, is offered in New Zealand by a small number of non-bank specialists. The main providers are FundTap (on-demand, undisclosed, accounting-software integrated), ScotPac (selective product alongside its whole-ledger facility), FifoCapital NZ (single-invoice option within its broader factoring suite), and Prospa NZ (limited invoice-linked options). Major banks (ASB, BNZ, ANZ NZ) typically offer whole-of-ledger invoice finance facilities rather than true selective products. UK and Australian providers occasionally fund NZ-issued invoices on cross-border terms but with longer turnaround.
Detail
The NZ market is smaller than the AU equivalent, with fewer specialist invoice finance providers. The structural distinction that matters for a small business comparing providers is whether the product is genuinely selective (individual invoices funded as discrete transactions, no ledger assignment, no monthly minimums) or whether "selective" is a marketing layer on a whole-of-ledger facility. The test is whether the funding contract requires the business to assign all current and future receivables to the funder; if it does, the product is whole-of-ledger regardless of branding.
FundTap operates on a fully selective, on-demand basis in NZ. The business connects accounting software (Xero, MYOB, QuickBooks, FreshBooks, Sage, Wave), selects individual invoices from its ledger, and receives 90% of the invoice value upfront, with the residual balance returned less a flat fee when the debtor settles. There is no facility, no monthly minimum, no obligation to fund the next invoice, and no debtor notification. Funding is available same business day if approved before 5pm NZ time. Maximum per-customer is $150,000, with limits growing as trading history builds.
ScotPac NZ offers a selective product (Selective Invoice Finance) marketed separately from its whole-ledger facility, with single-invoice funding available to qualifying businesses. The product includes debtor disclosure in the standard configuration. FifoCapital NZ offers single-invoice options inside a broader factoring proposition, with the originating business retaining some collections responsibilities depending on contract. Prospa NZ's primary product is unsecured business lending, not pure invoice finance; selective invoice options exist but are limited.
For a NZ small business choosing between providers, the comparison axes that determine fit are: whether the product is genuinely selective or requires ledger commitment, whether the end debtor is notified or the structure is undisclosed, the per-invoice fee structure (flat fee vs service fee plus discount rate), the minimum and maximum invoice value, the turnaround time from submission to funds available, the integration with accounting software, and the maximum exposure per debtor. These axes produce meaningfully different outcomes for the same invoice across the four providers named above.
Sources and standards
- /standards/selective-invoice-funding
- /standards/on-demand-invoice-finance
- /standards/invoice-finance
- /standards/same-day-funding-window
- /compare/fundtap-vs-scotpac
Related questions
- How does invoice finance work in New Zealand?
- How does selective invoice finance work?
- Can I finance a single invoice?
- How much does invoice finance cost?
- Before you sign a whole-of-ledger factoring contract
Version
v1.0 · Last reviewed 2026-05-27 · Owner: Molly McLeod · Authored: Matt Peacey