The Unpaid Invoice Problem in Nigeria
Late payment is the #1 cash flow killer for Nigerian SMEs. Research shows over 50% of invoices in Nigeria are paid late, with average payment terms stretching 60-90 days. This creates a domino effect: you cannot pay suppliers, employees, or invest in growth.
5 Ways to Get Cash from Unpaid Invoices
1. Invoice Discounting (Best Option)
Sell your unpaid invoices to a financing platform like FedaCash and get 70-90% of the value within 24-48 hours. No collateral, no debt on your books.
2. Invoice Factoring
Sell the invoice to a factoring company who handles collections. Your customer knows about the arrangement.
3. Aggressive Collection
Send reminders, charge late fees, and escalate collections. Effective but risks damaging customer relationships.
4. Early Payment Discounts
Offer customers a 2-5% discount for paying within 10 days instead of 30.
5. Invoice Financing from Banks
Some Nigerian banks offer invoice financing but with stricter requirements and longer processing time.
Why FedaCash is Fastest
FedaCash processes invoice discounting within 24-48 hours. As an embedded financier, we approve and disburse directly. No middlemen, no delays.
| Method | Speed | Amount | Collateral |
|---|---|---|---|
| Invoice Factoring | 48h | Varies | Invoices |
| Bank Financing | 2-8 weeks | Up to NGN 100M | Property |
Stop waiting for payments. Download the FedaCash App from Google Play and convert your unpaid invoices to cash today.
