Help Centre
How Agri Supplier Financing works
See the steps from invoice upload to settlement
Once you are approved for Agri Supplier Financing, here is the full journey, from issuing your invoice to settlement.
Step 1. You deliver to your buyer
You make the sale and deliver the goods to your buyer as you normally would. You issue an invoice with a clear due date.
Step 2. You upload the invoice and submit a Funds Request
You upload the buyer invoice and the delivery note in the Avenews portal. You can include several invoices in one Funds Request as long as they all have the same due date. You then submit a Funds Request for up to 85% of the invoice value.
Step 3. We review and approve
Our team checks the invoice and the request. Once everything is in order, we approve the Funds Request.
Step 4. The money is sent to you
We send the financed amount to your business bank account. You can use this money straight away for your next deal.
Step 5. Your buyer pays the invoice on the due date
On the invoice due date, your buyer pays the full invoice amount into a Clearing Account that is in your name and managed by Avenews. See the article on the Clearing Account for more details.
Step 6. The financing is settled
Avenews keeps the financed amount plus the markup from the Clearing Account. The remaining balance is sent to your business account. The Funds Request is now fully settled, and your limit is restored.