Fundio is a factoring company that connects the financial needs of Micro & SMEs Suppliers with the possibilities of their bigger Payees. In cooperation with large Payees, Fundio creates financing programs for their Suppliers (Supply Chain Financing Programs).
The essence of Fundio's operation and, at the same time, a competitive advantage over banks and factoring companies is the separation of the service from its traditional physicality - the inclusion of a new Supplier in the program is completely electronic, even without the need to physically sign and scan the contract, thanks to which it is possible in a very short time . The Supplier does not undergo the "process" of assigning individual receivables or their collections, does not have to confirm the delivery or service, collect shipping documents or any other confirmations, and involve the Payee. The Supplier does not have to present any registration or financial documents or any certificates. Further use of the program is possible thanks to a dedicated website and mobile application (Android, iOS), which are available 24/7.
On the Payee's side, the program can be launched in two variants. The first is "Full Automation" - by integrating with the proprietary API Fundio, which usually takes 7 to 14 working days. All functions used in the process are automatically initiated from the level of the ERP system (e.g. SAP), and information about invoices is automatically sent to the platform. Such a variant on the Payee's side requires a minimum level of employee involvement, which means that the Payee does not need to dedicate any additional people to operate the program, or introduce special verification procedures. In the second "Quick Start" variant, the program implementation is performed using a file exchange protocol, but with the same high security levels as in the first variant.
