Singapore · Independent comparison · 2026
Invoice factoring Singapore — what it is, what it costs, who does it well
Factoring is the SG SME tool of choice when debtor concentration is high, credit-protection matters, or you'd rather not chase collections yourself. We compare the SG specialist factors and the fintech platforms that offer factoring alongside invoice financing.
In one paragraph
Invoice factoring sells your unpaid invoices to a factor, who advances 70–90% upfront and collects from your debtor on your behalf. It's typically disclosed to the debtor, often bundles credit checking, and is most useful when your book has 1–3 large debtors carrying most revenue, when you'd rather outsource collections, or when non-recourse credit protection is worth the higher fee. SG specialist factors (InvoiceInterchange, Bibby FS, IFS Capital, GB Helios, Goldbell FS) compete with fintech platforms (Funding Societies, Velotrade, Incomlend) that also run factoring lines.
Recourse vs non-recourse — the choice that drives the price
The single most expensive variable in SG invoice factoring is who carries the risk if your debtor doesn't pay.
Recourse factoring
SME carries default risk
If the debtor fails to pay, the factor can demand the advance back from you, plus fees. Cheaper because the factor isn't underwriting credit risk — it's underwriting your ability to repay.
Default option for most SG factoring lines.
Non-recourse factoring
Factor carries default risk
If a covered debtor fails to pay, the factor absorbs the loss (within agreed credit limits). Costs more because the factor is underwriting credit risk — usually 0.5–1.5% above the recourse rate.
Useful when debtor concentration is high or you operate in a sector with rising default rates.
SG factors at a glance
Five specialist factors compete in Singapore alongside the fintech platforms. Each suits a different SME profile.
InvoiceInterchange
SG-built marketplace factor. Strong on confidential financing and SME-friendly onboarding.
Bibby Financial Services Singapore
Subsidiary of the Bibby Group. Deep specialist factor with credit-insurance integration.
IFS Capital
SGX-listed factor and SME lender. Established balance sheet, broader product range beyond factoring.
GB Helios
SG specialist factor with focus on cross-border and trade-finance flows.
Goldbell Financial Services
SME-finance arm of the Goldbell Group. Strong in commercial and asset-finance adjacency.
Per-factor profiles with eligibility, advance %, fee ranges and KYC requirements land at /providers/ as the directory build progresses.
When factoring beats invoice financing
Debtor concentration is high
1–3 large debtors = 60%+ of revenue. Factors will underwrite the debtors directly; many fintech invoice-financing platforms will discount or decline.
You want to outsource collections
Factor runs credit control. Useful if your team is small or you want to professionalise debt collection.
Non-recourse credit protection matters
You'd rather transfer the debtor-default risk than carry it. Pay 0.5–1.5% more, sleep at night.
Your industry signals stability via factoring
In some B2B industries (logistics, wholesale) factoring is a normal part of the supply chain. Disclosure does not damage the customer relationship.
Common SG invoice-factoring questions
What is invoice factoring in Singapore?
The sale of unpaid invoices to a factor at a discount. The factor advances 70–90% immediately, collects from your debtor and remits the rest (minus fees) once paid.
Who are the SG specialist factors?
InvoiceInterchange, Bibby Financial Services Singapore, IFS Capital, GB Helios and Goldbell Financial Services. Several fintech platforms (Funding Societies, Velotrade, Incomlend) also operate factoring lines.
Is factoring confidential to my customer?
Usually no. Factoring is disclosed by default — the factor sends a notice of assignment to the debtor. Confidential factoring exists but is rare and reserved for larger, established SMEs.
How much does it cost?
Per-deal. Recourse factoring is cheaper than non-recourse. Marketing material typically quotes a discount fee plus a per-30-day service charge. Always confirm total cost in writing before signing.
Recourse vs non-recourse — which should I choose?
Recourse if your debtors are strong and you carry the credit-risk capacity. Non-recourse if debtor concentration is high or you want to transfer default risk for a premium.
Get matched with SG factors + invoice-finance providers
Six questions. We forward your enquiry to up to three SG providers that fit your industry, debtor profile and funding amount. Free to SMEs; providers pay us only on funded deals.
Get a shortlistInformation only — not financial advice. Pricing is set per-deal by the factor after assessing your debtor, industry and invoice profile.