Invoice financing
You already earned it. An advance moves it forward.
Every invoice you send through Dicopay to another business or a public body is checked for a financing offer from independent regulated lending partners. If you take one, you get the money against that invoice instead of waiting out the payment terms.
Checking what an invoice is worth costs nothing. You only pay if you take the cash.
Dicopay is not a lender. Financing is provided and priced by independent regulated lending partners, who set eligibility, pricing, and terms and disclose them to you before you accept. Dicopay's invoicing app is live in Sweden today, and financing availability and partners vary by country.
What it is
An invoice advance is not a term loan.
A loan is new money you did not have, priced against your history. An invoice advance is money you have already earned, moved forward against one invoice you have already issued to a business customer.
One invoice at a time
There is no facility, no limit to draw down, and nothing to roll over. You take an offer on a single invoice, and that offer ends when the invoice is settled.
Your customer is the question
The partner is looking at the invoice and the business that owes it. A short trading history matters less here than it does across a desk at a bank.
Nothing pulls from your account
There is no daily or weekly sweep of your revenue and no direct debit that starts the week after. Repayment is tied to the invoice, not to your takings.
Dicopay is not the lender.
We build the invoicing software. The money comes from independent regulated lending partners, and they decide who qualifies, what it costs, and on what terms. Every one of those things is disclosed to you before you accept anything. When a deal funds, the partner pays us a referral fee, which is how free invoicing stays free.
All offers are subject to approval by the funding partner. Not all invoices qualify. Financing applies to invoices issued to another business or a public body; invoices to consumers can still be sent and chased for free.
Why the wait costs you
The invoice is not disputed. It is just sitting somewhere.
Nobody is arguing about the work. The money is on another company's schedule while your payroll date stays exactly where it was.
$17,500
The average US small business with invoices outstanding is owed $17,500.
Intuit QuickBooks Small Business Late Payments Report, May 2025
37 to 38 days
A US invoice takes 28.8 to 29.3 days of payment terms plus 8.5 to 9 days of lateness, so 37 to 38 days in total.
Dicopay calculation from Xero Small Business Insights US, 2026
22%
22% of US small employer firms that applied for financing received none of it, and only 42% received everything they asked for.
Federal Reserve Small Business Credit Survey, 2026
43%
43% of US B2B invoice value is overdue at any given time.
Atradius Payment Practices Barometer US, September 2025
How an offer appears
Against an invoice you have already sent.
You do not fill in an application, book a call, or upload a year of bank statements. You send the invoice the way you always would, and the offer shows up beside it if there is one.
You send the invoice
Write it and send it as normal. Invoicing and reminders are free, and sending an invoice does not commit you to anything.
The invoice is checked for an offer
Regulated lending partners look at the invoice and the business that owes it. If one of them will fund it, the amount and the cost appear against that invoice in your dashboard.
You read the terms, then decide
The fee, the repayment structure, and whether the offer is recourse or non-recourse are all on the offer before you accept. Decline it and nothing happens, at no cost.
You accept, and your customer pays as usual
Your customer approves the job on their phone, and the money is in your account within 24 hours. Their invoice, their due date, and their terms do not change.
If your customer never pays
Read this part before you accept anything.
There are two structures, and they answer the same question in opposite ways. Which one applies is written on the offer in front of you, before you agree to it. Nobody decides it afterward.
Recourse
If your customer does not pay the invoice, you repay the advance. The funding partner is advancing against the invoice, and you carry the risk that the invoice goes bad. That risk is part of what the partner prices when it quotes you.
Non-recourse
Where an offer is non-recourse, the funding partner carries the risk that your customer does not pay, within the limits set out in the offer. Someone else is absorbing that loss, so the partner sets both the price and the qualifying bar accordingly.
What that means in practice
Before you accept, the offer tells you which structure applies, what the fee is, what happens on the due date, and what happens if the due date passes without payment. Read it. If you have an accountant, show them, because how the advance is recorded in your books depends on that structure. Under a recourse arrangement it is generally recorded as a liability until your customer pays.
Terms and conditions are set by the funding partner, not by Dicopay, and they vary between partners and between invoices. We do not underwrite, price, or fund anything.
Compared with the alternatives
An advance, a merchant cash advance, and a bank line.
These three get talked about as though they are the same product. They behave nothing alike once the money is in your account.
| Question | Invoice advance | Merchant cash advance | Bank line of credit |
|---|---|---|---|
| What is being financed | One invoice you have already issued to a business or a public body. | Your future card and bank takings, before you have earned them. | Your business as a whole, assessed on trading history and often on security. |
| How you repay | The invoice settles the advance when it is paid. Nothing is swept from your account. | A share of your daily or weekly revenue is taken until the balance clears. | You draw, then repay the drawn balance under the facility agreement. |
| What it costs | Priced per invoice. One fee on that invoice, quoted by the funding partner before you accept. | A factor rate plus fees, which is hard to compare against anything quoted as an annual rate. | Interest on what you draw, plus arrangement and account fees in many cases. |
| How long it lasts | Until that one invoice is settled, then it is over. | Until the balance is repaid, and further advances are often stacked on top. | An ongoing facility with reviews, covenants, and renewal dates. |
| What happens to your customer | Nothing. Same invoice, same due date, same terms, no new payment details. | Nothing directly, though the repayment comes out of the revenue they generate. | Nothing directly, though the bank may want a view of who owes you money. |
| Who carries the bad debt | You under a recourse offer, or the funding partner under a non-recourse offer. The offer says which. | You. The repayment continues regardless of which customers paid you. | You. The facility is repayable whether or not your customers pay. |
Swipe the table sideways to see every column.
What it costs
Priced per invoice.
A single fee on the value of that invoice, quoted by the funding partner and shown to you in full before you accept. It is not interest, it is not a subscription, and it is not a percentage of your daily takings. There is no fee to look at an offer and no fee to turn one down.
Invoicing, contracts, e-signature, time reporting, and automatic payment reminders are free with no card and no monthly fee, and they stay free whether you ever take an advance or not.
FAQ
Questions about the money.
Is this a loan, and will it show up as debt?
It is not a term loan. The advance is against one invoice you have already issued, there is no facility to draw on, and there is nothing to stack a second advance on top of. How it is recorded in your accounts depends on the structure of the offer. Under a recourse arrangement the advance is generally recorded as a liability until your customer pays. The full terms are set out before you accept, so your accountant can read them first.
Who actually lends the money?
Independent regulated lending partners. Dicopay is not a lender and does not underwrite or fund invoices. The partner decides eligibility, pricing, and terms, and discloses them to you before you accept. When a deal funds, the partner pays Dicopay a referral fee. That is the whole business model, and it is why the invoicing is free.
What happens if my customer never pays?
That depends on which structure the offer uses, and the offer tells you before you accept. Under a recourse arrangement, you repay the advance if your customer does not pay. Where an offer is non-recourse, the funding partner carries that risk instead, within the limits written into the offer. Neither one is a surprise after the fact.
How is this different from a merchant cash advance?
A merchant cash advance takes a share of your daily or weekly revenue for as long as the balance runs, at a cost that is hard to compare with anything else. An invoice advance is a single fee on a single invoice, disclosed before you agree to it, and it ends when that invoice is settled. Nothing is pulled out of your takings in the meantime.
Will my customer know that I financed the invoice?
They get the same invoice, on the same terms, with the same due date and no new bank details. Nothing about their side of the deal changes. The only difference they may notice is that payment reminders come from Dicopay on your behalf rather than from you.
Which invoices can be financed?
Financing applies to invoices issued to another business or a public body. Invoices to consumers can still be written, sent, and chased through Dicopay for free, but they are not eligible for an advance. Beyond that, every offer is subject to approval by the funding partner, and not all invoices qualify.
Easy invoicing, fast cash.
Send an invoice for free and see whether it comes back with an offer. If the number is not worth it, ignore it. The invoicing and the reminders cost nothing either way.
Start invoicing for free No card. No subscription. No obligation to accept an offer.