Help Centre

Once you are approved for Agri Buyer Financing, here is how the product works in practice.

Step 1. Your supplier sends you an invoice

You agree to buy goods from your supplier. They send you an invoice and a delivery note. You may have already paid the supplier, or the invoice may still be unpaid.

Step 2. You submit a Funds Request

You log into the Avenews portal and start a Funds Request by first choosing the type of invoice you are financing: a fully paid invoice or an unpaid invoice. You upload the supplier invoice and delivery note, and select your repayment terms based on what you have been approved for: 1 installment repaid on any day you choose between day 7 and day 30, 2 equal installments on day 30 and day 60, or 3 equal installments on day 30, day 60, and day 90.

Step 3. We review and approve

Our team reviews the request. Once approved, the next steps depend on whether the invoice is paid or unpaid. See the article on the difference between paid and unpaid Funds Requests.

Step 4. The money is sent

If the invoice was already paid, we send the financed amount back to your business account. If the invoice was unpaid, we send the financed amount to your supplier after you have paid the unfinanced part.

Step 5. The financing period starts

The financing period starts on the disbursement date. From this day, the daily markup begins to count.

Step 6. You repay

You repay Avenews based on the installments you selected: a single repayment for the 1-installment option, or equal installments on day 30 and day 60 (2 installments), or on day 30, day 60, and day 90 (3 installments). Each repayment covers principal plus markup, and any rewards you have earned are applied automatically to reduce your markup.

Step 7. Your limit is restored

Once you repay in full, your limit is restored, and you can submit another Funds Request when you have your next supplier invoice.