Edebex: How does it work?
Edebex is a marketplace that enables companies to improve their cash flow by selling their outstanding invoices to investors. These investors are paid by the invoice debtor on the invoice’s normal due date.
1. The seller puts their invoice up for sale
To sell an invoice, you can register in a few clicks. You then choose the customer invoices (debts) for which you want to receive money immediately.
1. Put them up for sale. The invoice may be an electronic document (PDF) or a scan of a paper document. It must meet the following criteria
- You must be a Belgian, French, Luxembourgish, Dutch or Portuguese company.
- The debtor must be a company located in Benelux, France (+DOM), Portugal, Germany, the United Kingdom, Italy or Gibraltar.
- The invoice must be for a service that has been rendered in full or for goods that have been delivered.
- The total must be between €5,000 and €99,000 inclusive of VAT.
- Its due date must be no less than 20 days and no more than 120 days after the date of issue.
2. We check the debtor’s creditworthiness in real time with Euler Hermes, a world leader in credit insurance.
3. We recommend a selling price for your invoice.
2. Edebex checks the invoice with the debtor
We contact the customer (the debtor) and explain the advantages of Edebex both for them and for the seller.
We check the invoice details with them (amount, payment date, etc.)
Your invoice is approved and then offered to investors.
3. An investor buys the invoice
Your invoice is bought by an investor. You are freed from the task of following it up.
Your account is credited within an average of 72 hours.
You receive confirmation by email.
4. We notify the debtor that the debt has been transferred.
After the investor has made payment, we notify the debtor by mail that the debt has been transferred.
The debtor is then aware that payment must be made to the investor’s account and not to that of the initial creditor (the seller of the receivable).
5. The debtor pays the buyer on the invoice’s due date
On the due date, the debtor makes the payment to the buyer (investor).
We do the follow-up work with the debtor.