Invoice Financing is not a business loan. It is a sale of your outstanding invoice to receive an advanced payment. This will not add on debt to your balance sheet.

No. Account Receivable Financing does not require personal guarantees or collaterals.

We accept invoices from businesses registered in Singapore which have been in business for at least six (6) months.

Multiply can accept invoices for services or goods already delivered and accepted. The buyer cannot be a related party.

Yes, if each application is supported by separate and unrelated invoices.

Yes. Your customer will be notified in writing to verify the invoice details, to confirm that they are satisfied with your product or service, and to confirm that they will pay Multiply when the invoice is due.

No. Multiply is not a distressed lender. We conduct proper due diligence and will only purchase legitimate invoices from deserving businesses.

We will need
- Original invoice
- Original contract/purchase order
- 3-month operating bank statements
- Latest month company utility/telecom bill
- Copy of NRIC/passport of key company personnel (CEO and major shareholders)

All confidential information submitted is stored on secure servers. Protections include data encryption and anti-DDoS measures. Your data is safe with us

Yes, we will evaluate each application based on the strength of your company as well as your customer.

Yes, you may select a lesser amount than the full invoice, depending on your business needs. Multiply will refund you the remaining amount once we receive payment from your customer.

Yes, Multiply will collect outstanding invoice payments from your customer. You do not need to get involved in the process.

Multiply will handle any late and/or defaulted payments. We have a professional team that is experienced in payment collection. We have standard collection processes if a Customer does not pay. However, If your customer raises a legitimate dispute, and your business has failed to deliver the product or service as agreed in the contract, Multiply will demand the remaining sum from your business.

Multiply uses funds from our own capital base. We are not a peer-to-peer lending platform. We are careful in selecting our clients, and look to grow our relationships with them.

The funds will be disbursed directly to the company’s operating bank account.

Any Singapore-incorporated companies who have been in business for at least 06 months.

Yes you are still eligible. Our team will evaluate your ability to repay, taking into consideration all of your company financial obligations.

Our loan tenor is flexible and can be adjusted to fit the your companyr’s existing financial obligation. (Capped at 12 Months).

Approval of loan will take 1-2 working days upon receiving the application. We will meet you to collect your physical signature for GIRO form, and request you to e-sign our contract. The loan amount will be disbursed to you the next working day.

We are sorry to hear that your application was declined. Every loan applications are subjected to our internal credit assessment, and we are unable to provide you with the reason for declining your application.

Our repayment methods are bank transfer and GIRO, for weekly or monthly repayment.

Write in to us and we will help you. We encourage frank discussion with borrower to understand his/her situation to tailor a plan for the repayment of their loan.

We will need
- 6-month monthly Bank Statements
- CBS and NOA (2 years) of 2 PGs
- Photocopy of Directors/Owners NRIC (Passport for PRs / foreigners)
- M&A: Accept Original, CTC and Scanned copy.

At Multiply, we take current and future earning capacity into account for the credit assessment, so you still stand a chance if your business is promising.

Multiply is a product of IFS Capital Limited, a regional financial institution listed on the Singapore Exchange since 1987.

You can call/ SMS/Whatsapp us at +65 8775 0069 to check on the amount.

You are welcome to pay more than the stated amount. The amount in excess will be deducted from your principal on your next monthly repayment.