For businesses trading on credit terms, waiting 30, 60, or even 90 days to get paid can strain cash flow and limit growth opportunities. Whether you’re a wholesaler, exporter, manufacturer, or service provider, invoice finance helps you turn unpaid invoices into immediate working capital.

At Wigmore Trading, we help businesses across Africa access flexible invoice finance solutions—such as invoice discounting, invoice factoring, and broader asset-based lending—to support growth, reduce cash flow pressure, and smooth day-to-day operations.

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What is Invoice Finance?

Invoice finance is a form of commercial lending where a business uses its accounts receivable (invoices) as collateral to unlock funds quickly. Rather than waiting for customers to pay, you can receive up to 90% of the invoice value upfront.

It is especially useful for businesses offering B2B credit terms, and operates in two primary forms:

• Invoice Discounting (confidential)
• Invoice Factoring (disclosed)

These can also be part of a broader asset-based lending facility, where other business assets like inventory or equipment are also used to secure funding.

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1. Invoice Discounting

Invoice discounting allows businesses to borrow against unpaid invoices while retaining control of their sales ledger and customer communications. It is a confidential facility—your customers are unaware you’re using external finance.

Key Features:

• Up to 90% of invoice value advanced
• You remain in charge of collections
• Interest charged only on funds drawn
• Facility grows with your sales volume

Ideal for: Established businesses with a strong credit control process who want to keep financing discreet.

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2. Invoice Factoring

With invoice factoring, the finance provider not only advances you funds against your invoices, but also takes over the collections process. This is a disclosed facility—your customers are aware that payments go to the factoring company.

Key Features:

• Immediate cash release from invoices
• Outsourced credit control and collections
• Less admin for your team
• Suitable for growing businesses or those with limited back-office capacity

Ideal for: SMEs and growing businesses that want cash now and prefer not to manage debtor follow-ups.

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3. Asset-Based Lending (ABL): Go Beyond Invoices

Invoice finance can be a standalone facility or part of a wider asset-based lending strategy. With ABL, you can borrow against multiple assets—such as receivables, inventory, equipment, and even property.

Benefits of ABL:

• Higher borrowing limits
• Full flexibility to manage growth
• Custom lending structures tied to your assets
• Ideal for acquisitions, MBOs, or rapid scaling

ABL gives businesses a holistic way to unlock the value in their balance sheet and support more complex funding needs.

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Why Use Invoice Finance?

Invoice finance is increasingly popular in Africa’s growing markets, where traditional loans can be slow and underwritten too conservatively. Benefits include:

Fast access to cash
Grows with your sales
Reduces reliance on overdrafts or loans
Improves financial planning
Enables better supplier negotiation with quicker payments

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Why Choose Wigmore Trading?

At Wigmore Trading, we understand the financial pressures of operating in dynamic, cash-sensitive industries. As a strategic trade and finance partner, we offer:

• Access to trusted invoice finance providers across Africa
• Support with facility structuring, documentation, and onboarding
• Cross-border capability for exporters and regional suppliers
• Guidance for integrating invoice finance into broader funding strategies

We work with businesses in Nigeria, Ghana, Kenya, South Africa, and beyond—delivering solutions that improve working capital and fuel expansion.

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Start Unlocking Cash From Your Invoices

Don’t let long payment cycles hold your business back. With invoice finance from Wigmore Trading, you can improve cash flow, reduce pressure, and grow with confidence.

Contact us today to explore invoice finance, discounting, or factoring solutions tailored to your business.