Singapore · Independent comparison · 2026
Invoice financing Singapore — compare every SG lender
Fintech, specialist factors and bank SME teams in one comparison. Indicative rate ranges with sources. PDPA-compliant shortlist to up to three matched providers — no fees to you, no introducer-funded rankings.
In one paragraph
Invoice financing in Singapore lets an SME borrow against unpaid invoices instead of waiting 30–90 days for the debtor to pay. Three groups of providers compete: fintech platforms (fastest onboarding, suited to SMEs under SGD 3m revenue), specialist factors (deepest debtor-credit checking, useful when debtor concentration is high) and bank SME teams (cheapest pricing when you qualify, but slower and stricter). Pricing is set per-deal — there is no rate card. The fastest way to compare your real options is to be shortlisted to the 2–3 providers most likely to fund your invoice profile.
How invoice financing works in Singapore
The mechanics are the same across providers. The differences sit in advance %, fees, debtor-disclosure rules and how the provider underwrites your specific debtor.
- 1
You raise an invoice
Your customer (the "debtor") is invoiced as usual, typically on 30–90 day terms.
- 2
You upload it to the provider
Most fintech platforms integrate with Xero, QuickBooks or MyInvois (IRAS). Specialist factors and banks may take batch uploads.
- 3
Provider advances 70–90%
After a credit check on the debtor, the provider pays you the advance amount — sometimes within 24–48 hours for fintech.
- 4
Debtor pays the invoice
On normal terms. In confidential financing the debtor pays you and you forward; in disclosed factoring the debtor pays the factor directly.
- 5
Provider settles the balance
You receive the remainder of the invoice value, minus the financing fee and any per-day discount applied while the invoice was outstanding.
Who offers invoice financing in Singapore
Seventeen providers compete for SG invoice-finance business across three categories. Each suits a different SME profile.
Group 1
Fintech P2P + neo-lenders
Suited to SMEs under SGD 3m revenue or with limited trading history. Onboarding is days, not weeks. Pricing is higher than banks but underwriting is more flexible.
Players: Funding Societies, Validus, Aspire, Velotrade, Incomlend, Stenn International, Drip Capital, Helicap, Modifi.
Group 2
Specialist factors
Deepest debtor-credit underwriting. Often the right choice when your book has 1–3 large debtors carrying most of the revenue (concentration risk that fintech lenders dislike). They may also bundle credit insurance.
Players: InvoiceInterchange, Bibby Financial Services Singapore, IFS Capital, GB Helios, Goldbell Financial Services.
Group 3
Bank SME teams
Cheapest pricing if you qualify — usually SGD 2m+ annual revenue, 2+ years trading and an existing banking relationship. Slowest onboarding (4–8 weeks) and most paperwork. Mostly brochure-ware on the website; real terms come via the relationship manager.
Players: DBS, OCBC, UOB, RHB SME teams.
Per-provider profiles with eligibility, integrations and indicative rate ranges land at /providers/ as the directory build progresses.
Things SG SMEs commonly underestimate
Debtor credit, not yours, is the limit
Underwriting weights your debtor's credit heavily. A 12-month-old SME with a blue-chip debtor often beats a 5-year-old SME with risky customers.
Concentration limits
Most providers cap how much of your facility can sit with one debtor (often 30–50%). If one customer is 80% of revenue, fintech lenders will discount aggressively or decline.
Recourse is the default
Most SG invoice financing is recourse — if the debtor doesn't pay, you repay. Non-recourse exists but costs more.
Confidentiality varies
Invoice financing is usually confidential to the debtor. Invoice factoring usually is not. Confirm before you choose, especially in industries where signalling financial stress matters.
Per-day pricing
Most fees are quoted per-day or per-30-days. A 60-day invoice at 1%/30 days costs ~2% all-in. Quick mental math beats marketing material.
Industry exclusions
Construction progress invoices, F&B invoices with high return risk, and gig-economy invoices are routinely excluded or surcharged. Ask before applying.
Common SG invoice-financing questions
What is invoice financing in Singapore?
A working-capital facility where an SG SME borrows against the value of unpaid invoices instead of waiting 30–90 days for the debtor to pay. In most arrangements the debtor is not told that financing is in place.
How much can I borrow against an invoice?
Most providers advance 70–90% of the invoice value at drawdown, then release the remainder (minus fees) once the debtor pays.
How fast can I get funded?
Fintech platforms can fund qualified SMEs in 1–5 working days from first contact. Banks take 4–8 weeks. Specialist factors fall in between.
Does invoice financing affect my customer relationship?
In most invoice-financing arrangements no — the debtor pays you on normal terms. Invoice factoring is different: the factor collects directly from your debtor.
Is invoice financing regulated in Singapore?
It is not a single regulated product class. Providers may hold licences under the Moneylenders Act (excepted moneylenders) or operate as factoring companies under banking regulation. We are not MAS-licensed and do not give regulated advice.
Get matched in six questions
Tell us your industry, revenue and funding amount. We forward your enquiry to up to three SG invoice-finance providers that fit your profile. Free to SMEs; providers pay us only on funded deals.
Get a shortlistInformation only — not financial advice. Pricing is set per-deal by the lender after assessing your debtor, industry and invoice profile.