DISCOVER GROWKAP
How purchase order financing works
Businesses in their growth phase are often stuck between their buyers and suppliers. It’s challenging to get growth phase financing.
Existing B2B financing solutions like bank loans and factoring take too long. And, they look at the growing company’s past. They don’t consider its potential. However, GrowKap does! And, we move lightening fast!
We provide quick supplier payment solutions for growing businesses. We pay the growing company’s supplier directly. In this way, GrowKap sets up the growing company to successfully deliver on its customer’s order.
The players
There are four stakeholders in GrowKap’s process.
You
A successful and growing B2B company looking to continue to grow and expand
Your Customer
A company that wants to place (or has already placed) an order with your company
Your Supplier
A company selling you the goods that you need to fulfil the order from your customer
GrowKap
The purchase order financing solution that pays your supplier for you so you get what you need to fulfil your customer’s order
How does GrowKap work?
Solving supply order problems
Until now…
… if you’re a growing company you’ve most likely:
- faced cash flow challenges
- needed to build up trust with suppliers, and/or
- lacked a strong negotiating position with your suppliers.
Maybe you needed a way to pay a supplier so you could take on a big new order. Maybe you couldn’t get a good discount on your supplies. Or, maybe you’ve struggled to negotiate better payment terms.
GrowKap now provides…
… European businesses with a unique working capital solution that enables you to:
- get your supplies without tapping your own treasury,
- develop the trust and confidence your suppliers need, and
- get better payment terms or discounts from your suppliers.
Maybe you needed a way to pay a supplier so you could take on a big new order. Maybe you couldn’t get a good discount on your supplies. Or, maybe you’ve struggled to negotiate better payment terms.
GrowKap delights
You
You’re happy because you protect your cash flow while obtaining your supplies. And, you don’t have to sell off any receivables at a discount (eh hem, we’re not a factoring solution).
Your supplier
Your supplier’s happy because we pay them upon delivery.
Your customer
Your customer’s happy because you can fulfil that crucial order thanks to GrowKap.
GrowKap
We’re happy because we deliver on AREA42’s mission to smooth out B2B trade.
Agreements & contracts
GrowKap has an efficient, no BS approach to agreements and contracts.
We make a contract with you, not with your customer or suppliers.
With you
Deal with your pre-existing invoices or accounts receivable (AR) in any way.
With your customer
Your customer is yours, let’s keep it this way. We just need you to include our bank account on the invoice you send them.
With your supplier
No contract with your supplier. They just need to accept our Terms & Conditions for us to be able to pay them.
Stakeholder Responsibilities
Let’s clarify who’s responsible for what – we’re talking about payments and delivering goods.
You
Deliver the goods to your customer. You get paid but you don’t have to make any payments to your supplier – that’s GrowKap’s job!
Your customer
After you deliver, your customer pays GrowKap directly according to the payment terms you agreed with him.
Your supplier
Delivers the supplies you need to fulfil your customer’s order. Issues an invoice and proof of delivery so GrowKap can pay them.
GrowKap
First, GrowKap pays your supplier upfront once they deliver the supplies you need. Second, GrowKap receives your customer’s payment once you fulfil their order. Third, GrowKap pays you in full minus our fee and what we paid your supplier of course.
Contact us
Hi, I’m Wouter!
I’d love to discuss how we can help your operation with our working capital solutions. I’m looking forward to meeting you and answering all of your questions about AREA42.