Invoice Cash
BCP advises Invoice Cash on its €3,000,000 debt investment from Menara Capital
Transaction details
- Client
- Invoice Cash
- Other side
- Menara Capital
- Business
- B2B factoring platform
- Practice
- Credit Portfolio & Structured Finance
- Service
- Debt Advisory
- BCP’s role
- Exclusive strategic and financial advisor
- Transaction
- Total amount raised: €3,000,000
- Interest
- Investor interest attracted by BCP: over €30,000,000
- Closed
- 2021
In the client’s words
Blu Capital Partners (BCP) came highly recommended as the experts in securing the best debt and equity solutions for their tech clients, positioning itself as a long-term partner. At Invoice Cash, as a factoring company, we were looking for a debt solution that would allow us to kick-start operations. We secured a great senior secured loan with favourable terms.
BCP left no stone unturned: they understood exactly what I needed and advised me on the best options for Invoice Cash’s debt raising. I was very impressed with the responsiveness and commitment of their team. They were on top of everything, from the execution to signing the final documents. We look forward to many more years of working together, and I would highly recommend them to any company looking for the right debt or equity solution.
Overview of Invoice Cash
- Invoice Cash is a B2B, next-generation online platform for non-recourse factoring and credit scoring services, regulated by the National Bank of Romania as a non-banking financial institution.
Overview of the Transaction
- BCP provided Invoice Cash with letters of intent from multiple investors for an aggregated capital in excess of EUR 30,000,000.
- While these letters of intent remain under consideration for the future, Invoice Cash signed a senior secured loan investment from Menara Capital, used to finance invoices at a loan-to-value of 70 to 80%.
- Invoice Cash is pioneering an end-to-end digital factoring process, expected to increase transparency for clients, reduce management and collection fees, and decrease fraud for its investors.
- Menara Capital Ltd (and its affiliates, including Menara Investments SA) is an alternative fund manager focused on supply chain finance. Legal advice: Clifford Chance. Fiscal advice: Deloitte.
Importance of the Transaction
- The funding provides Invoice Cash with a stable capital base to grow its invoice portfolio and pursue its vision of becoming a leading online factoring company in Central and Eastern Europe.
Blu Capital Partners Credit Portfolio & Structured Finance Advisory’s Role
- BCP acted as exclusive strategic and financial advisor to Invoice Cash.
- BCP supported Invoice Cash throughout the debt raising process, from deal marketing to deal closing.
- The transaction highlights BCP’s sector expertise in non-banking financial institutions and specialty finance, and its advice in generating favourable outcomes for technology companies.
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