Invoice Bazaar Holdings Ltd

Invoice Bazaar Holdings Ltd is a financial services company that provides innovative working capital solutions designed specifically for Micro, Small, and Medium-sized Enterprises (MSMEs), enhancing their cash flow through tailored financial products. Invoice Bazaar Holdings Ltd was founded in 2016 and is headquartered in Dubai, United Arab Emirates. The company focuses on providing financial solutions to MSMEs, facilitating transactions between them and their clients. In March 2021, Invoice Bazaar secured USD 5.

00 mn in a funding round led by Advance Global Capital. The company has completed 3 deals in total and has raised a total of USD 5. 00 mn to date. In March 2021, Triterras, Inc.

agreed to acquire Invoice Bazaar Holdings Ltd for USD 8 million over two years, contingent on meeting certain revenue milestones. Invoice Bazaar offers a suite of financial solutions tailored for Micro, Small, and Medium-sized Enterprises (MSMEs) to enhance their working capital through various innovative products. The core offerings include Invoice Finance, allowing businesses to cash their receivables by discounting invoices based on the credit profile of their clients. Additionally, they provide financial products such as Restaurant eCommerce Finance and Payment Gateway Finance, aiding businesses based on their online sales performance across platforms like Zomato, Talabat, and PayTabs.

The company's solutions optimize cash flow and enable seamless transactions for clients primarily in eCommerce, retail, and service sectors, with a focus on the UAE and the broader Middle East region. Invoice Bazaar generates revenue through its financial services by facilitating transactions in a B2B model. Clients authorize Invoice Bazaar to access sales data from their online platforms to determine financing limits based on sales performance and client credit profiles. For instance, an eCommerce business may apply for Invoice Finance and receive immediate cash against its receivables, also using Payment Gateway Finance to access funds based on sales processed through PayTabs.

Revenue is derived from fees associated with these financial products and interest rates applied to financed amounts, structured typically around transaction fees and service charges for various offerings including Invoice Finance and Restaurant eCommerce Finance. Invoice Bazaar plans to leverage recent funding to enhance its product offerings and expand into new markets. The company aims to launch additional financial products aimed at MSMEs by the end of 2022, while also exploring opportunities to penetrate markets beyond the UAE, focusing on the broader Middle East region. The recent acquisition agreement with Triterras, Inc.

will support these initiatives, providing the necessary resources to meet revenue milestones and enhance service capabilities.