Fifo Capital offers I-PAY
There are 24 Fifo Capital franchises across Australia and New Zealand. There are two parts to this business, covered by an insurance policy: invoice discounting and I-Pay. Invoice discounting allows you to purchase invoices from businesses that need cash quickly in order to make immediate payments, offering up to 90 per cent of the invoice value. When the invoice is paid back, charges are deducted and the balance returned to the client.
I-PAY is a finance package for accountancy and legal firms. Finance is provided to allow a client to pay his accountant's bill and the client pays it back, plus interest over a six month term.