Are you finding it difficult to qualify for credit as a small business? Moneyit is your solution!
Cash Flow at your fingertips through the Moneyit Platform.
This revolutionary digital platform allows small businesses to convert money owed by customers into cash within 3 days.
Are you finding it difficult to qualify for credit as a small business? Moneyit is your solution!
Cash Flow at your fingertips through the Moneyit Platform.
This revolutionary digital platform allows small businesses to convert money owed by customers into cash within 3 days.
Why Moneyit
How Moneyit works
WHO QUALIFIESY FOR CREDIT?
Any person, contractor, service provider or business whose customer is listed on the Moneyit platform for credit. No screening or credit application required.
CREDIT IS AGAINST YOUR DEBTOR BALANCE
Moneyit receives a daily electronic update from your debtor with your credit balance owing to you. Every time you deliver a service your credit balance increases.
Cash for credit
Convert up to 80% of your debtor credit balance into cash.
MONEYIT PLATFORM IS ALL YOU NEED
Use the Moneyit Mobile App to register, to view available credit, to make payments from your available credit and generate reports to administer and manage accounts. All payments are through a commercial bank.
WHAT WILL MONEYIT COST YOU?
Moneyit charges a service fee 0.85% on all credit advances. A bank transaction fee may be charged on payments. The Money Provider will charge a market related interest rate cost on credit advances.
WHAT SECURITY IS REQUIRED?
You cede the collection of the money owed to you by your debtor as security to the Money Provider for the repayment of the credit advances. Nothing more required!
REPAYMENT OF CAPITAL AND INTEREST
Your debtor is required to pay all amounts due to you to the Money Provider Collection account. Moneyit manage the settlement process. It calculates and deducts the amount of capital and interest due to the Money Provider with the surplus amount paid out to your nominated bank account.
Surplus funds
There will always remain a surplus after settlement of capital and interest to the Money Provider. You will be required to open a bank account at one of the Moneyit partner banks for payment of surplus funds.
WHO QUALIFIESY FOR CREDIT?
Any person, contractor, service provider or business whose customer is listed on the Moneyit platform for credit. No screening or credit application required.
CREDIT IS AGAINST YOUR DEBTOR BALANCE
Moneyit receives a daily electronic update from your debtor with your credit balance owing to you. Every time you deliver a service your credit balance increases.
Cash for credit
Convert up to 80% of your debtor credit balance into cash.
MONEYIT PLATFORM IS ALL YOU NEED
Use the Moneyit Mobile App to register, to view available credit, to make payments from your available credit and generate reports to administer and manage accounts. All payments are through a commercial bank.
WHAT WILL MONEYIT COST YOU?
Moneyit charges a service fee 0.85% on all credit advances. A bank transaction fee may be charged on payments. The Money Provider will charge a market related interest rate cost on credit advances.
WHAT SECURITY IS REQUIRED?
You cede the collection of the money owed to you by your debtor as security to the Money Provider for the repayment of the credit advances. Nothing more required!
REPAYMENT OF CAPITAL AND INTEREST
Your debtor is required to pay all amounts due to you to the Money Provider Collection account. Moneyit manage the settlement process. It calculates and deducts the amount of capital and interest due to the Money Provider with the surplus amount paid out to your nominated bank account.
Surplus funds
There will always remain a surplus after settlement of capital and interest to the Money Provider. You will be required to open a bank account at one of the Moneyit partner banks for payment of surplus funds.
How to register
Download the Moneyit App from Google Play or the App Store.
Select the SIGN UP option
Follow the STEPS AND PROCEDURES
Once registration is completed, you will immediately have access to credit on your debtor account balance.
Why small businesses are choosing Moneyit
Immediate Credit
Almost immediate credit on money owed by customers
No Application Required
No bank credit application required, only registration on Moneyit
User-friendly
Easy and quick to use through any computer or mobile device
Live Updates
Receive instant message notifications on new credit available
Cash Flow Relief
Enjoy access to cash flow for better business operations and services
Management Solution
Manage all your debtors credit on one platform
Immediate Credit
Almost immediate credit on money owed by customers
No Application Required
No bank credit application required, only registration on Moneyit
User-friendly
Easy and quick to use through any computer or mobile device
Live Updates
Receive instant message notifications on new credit available
Cash Flow Relief
Enjoy access to cash flow for better business operations and services
Management Solution
Manage all your debtors credit on one platform
Moneyit for Businesses and Money Providers
Partnering with Moneyit is a great opportunity for businesses, banks, and lenders to contribute to the successful transformation and expansion of SMME’s in the South African economy.
Why would you as a business partner with Moneyit
Give your suppliers access to cash flow to operate their businesses better and more successful
Opportunity to exercise your social responsibility by supporting and helping your suppliers with cash flow support
Earn BEE credits without the need for any financial investment or liability
Will result in a better and more reliable service delivery from your suppliers due to adequate cash flow to pay for operational expenses
Participate and contribute to successful SMME transformation, desperately needed in the SA economy
What is required from a business?
Acknowledge the Cession of Debt between Money Provider and SMME
Make supplier payments to the Money Provider Collection account
Provide Moneyit daily with the electronic file update of the supplier credit balance
The above is implemented through a structured onboarding process and in cooperation with the debtor IT department
Please contact us to discuss how you can participate in Moneyit for the benefit of your SMME suppliers.
Why would you as a Money Provider partner with Moneyit
Small business growth
The opportunity to invest in small business growth in SA with a good return
Very low risk for funding
The financial risk is elevated from the SMME to the much bigger and reputable debtor of the SMME
Good return on investment
Interest return is significantly better than traditional banking and financial institutions investments and money market accounts.
No administration required
Moneyit facilitate and execute all financial agreements and documents required between the SMME and the Money Provider through the onboarding process. It calculates and processes all interest and capital repayments. All is managed and administered through the Money Provider Dashboard.
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Get In Touch
We will be glad to answer your enquiries.
Office Park, 217 Koorsboom Avenue Unit 5, Geo2 Building, Gleneagles, Kempton Park, 1630
Tel: +2710 013 0542
info@moneyit.co.za
