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An entrepreneur asks whether they can see the price before a quote, whether the financier bears the credit loss if the customer does not pay, how quickly the money arrives in the account and how large a share of the invoice they get. These decide 50 points out of 100.
Score shows how the company does on our comparison criteria, on a 0–100 scale. Rankings cannot be bought.
Basic metrics · 74.8
+ The financing rate is stated openly: Vauraus finances 100 percent of the invoice amount, compared with the competitors' typical 50–80 percent
Basic metrics: 74.8, rank 2 · ▲ 1 place
Basic metrics · 78.5
+ The financing rate is stated openly: up to 100% of the invoice value, whereas in traditional bank factoring it is 70–90%
Basic metrics: 78.5, rank 1 · ▼ 1 place
Basic metrics · 65.1
+ The pricing logic is explained: the customer pays a fee only on withdrawals, with no fixed monthly fee
Basic metrics: 65.1, rank 4 · ▲ 1 place
– Advance rate: The advance rate is not mentioned on the invoice financing page or in its FAQ.
Basic metrics · 71.5
+ The service model is described comprehensively: Svea handles sales invoice financing, invoicing, accounts receivable ledger, payment reminders and debt collection
Basic metrics: 71.5, rank 3 · ▼ 1 place
– Advance rate: The advance rate is not mentioned on the invoice financing page or in its FAQ.
Basic metrics · 51.3
+ The flexibility of the service model is explained: the company can choose for itself which invoices it finances and how much it draws
Basic metrics: 51.3, rank 5 · no change
– Bearer of credit loss: The invoice financing page, the price list and the general terms do not state which party bears the credit loss.
The buying motives of these services could not be checked; the reason is shown for each one. They are not on the list as poor performers but as unscored. The result of the basic metrics is shown for comparison.
+ The operating company and business ID (Y-tunnus) are shown clearly on the page (Nordea Rahoitus Suomi Oy, 0112305-3)
– Nordea Rahoitus's invoice financing is provided by Alisa Pankki, so a separate service cannot be measured.
Basic metrics: 43.3, rank 6 (for comparison only)
Weights are fixed. All companies are measured on the same scale. Read the full methodology.
| Buying motive | What is measured | Scale | Weight |
|---|---|---|---|
| Price is shown before the quote QUESTIONCan I see what invoice financing costs before I request a quote? | Does the company state on its own pages the price as a figure, the basis of the price, or only that there are no hidden costs. | Price as a figure = 100 points, how the price is formed is explained = 50, only a statement that there are no hidden costs = 0. | 20 p |
| Bearer of credit loss QUESTIONWho bears the loss if my customer does not pay the invoice? | Whether the credit loss risk transfers to the financier according to what is stated on the company's own website. | Risk transfers to the financier = 100 points, the financier may bear the risk = 50, the company is responsible for the receivable itself = 0. | 14 p |
| Money to your account QUESTIONHow quickly do I get the money from an invoice into my account? | Fastest stated time from invoice financing to the money arriving in the account. | Under 12 hours = 100 points, immediately or the same day = 80, 1–2 working days = 40. | 10 p |
| Financing ratio QUESTIONHow much of the invoice amount do I get immediately? | Share of the invoice amount to be financed, as a percentage. | 100% = 100 points, 50% or less = 0, directly proportional in between. | 6 p |
| Basic metrics | Digital quality, transparency, reachability and AI quality score | Basic metrics × 0.5 | 50 p |
We scored 6 providers of invoice financing and factoring for businesses in Finland on 20 metrics. The key question: does the financier state the price, the financing rate and the recourse terms publicly before a request for quotation, or is the cost only revealed in the contract?
Invoice financing and factoring turn a company's sales receivables into cash immediately instead of the company waiting for the customer to pay by the due date. The finance company pays a large share or all of the invoice amount straight away and charges its own fee. We compared six financiers in Finland offering invoice financing and factoring to companies by how openly they state the price, the advance rate and the terms before a quote request.
Commission or fee (% of invoice or fee types) shown without a quote request (25), advance rate, i.e. the share of the invoice amount paid immediately, stated (15), recourse condition and who bears the credit risk stated (15), service model stated (entire ledger or selective, whether ledger management and collection are included) (15), contract terms shown (commitment period, minimum volume or limit, termination) (10), application process and speed of financing stated (10), business ID (Y-tunnus) or operating company shown (10)
Transparency is 30% of the basic metrics, i.e. 15% of the total points · these metrics make up its 100 points · the full formula and the other pillars
How to read the comparison correctly: Half of the points come from buyer's questions, i.e. things the buyer finds out before deciding. The other half measures how openly the company publishes its prices, terms and contact details. Clear differences in points indicate a genuine difference: one tells you the price immediately, another only after logging in. Close scores should not be read as a ranking order, because every measurement has a margin of variation. The measurement accuracy and the full calculation formula are open in the methodology.
Customer experience is brought into the assessment separately. We also collect customer feedback and customer experiences about companies through separate surveys. The survey results will be added to the overall assessment later.
This page compares invoice financing and factoring aimed at businesses, not consumer credit. In invoice financing a company gets money against its receivables immediately instead of waiting for the customer to pay. The metrics concern the public transparency of the price and terms of the financing: whether the commission or its cost items are visible, whether the advance rate, the recourse condition and who bears the credit risk, the service model and the contract terms are stated before a request for quote. We do not broker financing applications and do not give financing advice.
The key difference between invoice financing and factoring is who bears the credit risk. In traditional invoice financing, the receivable serves as collateral for the financing and the credit loss risk remains with the company itself (recourse financing, i.e. financing with a right of recourse). In factoring the receivable can be sold to a finance company, whereupon the credit risk and collection pass to it. This difference affects both the price and the liabilities, so we state which is involved whenever the financier declares it.
The actual price is always company-specific. The commission depends on invoicing volume, invoice payment terms, buyers' creditworthiness and the industry, so at best the public price is a breakdown of cost items or a from-figure. Typically the financing company pays 70–100 percent of the invoice amount immediately and the commission is in the order of a few percent per invoice. Some financiers state the advance rate and service model openly, others only in the quote.
Every company is measured with the same public formula: half of the points come from buyer's questions and half from basic metrics, which have four pillars: technical quality, transparency, reachability and AI quality score. Ranking cannot be bought, and you can see the origin of each point on the company's profile. Read the full methodology →
The terms are used partly interchangeably, but the difference lies in who carries the credit risk. In invoice financing the receivable serves as collateral for the financing and the credit loss risk stays with the company. In factoring the receivable is sold to the financing company, whereupon the credit risk and often the collection pass to it.
The advance rate varies between financiers. Some pay the whole invoice amount immediately, others typically 70–90% and the rest only once the customer has paid the invoice. It is worth confirming the advance rate before signing the contract.
The price is company-specific and typically consists of a commission or fee of a few percent per invoice, plus possible interest and handling fees. The exact price usually becomes clear only in a quote.
When a receivable is sold to a financing company, the financing is based on trade receivables that have already arisen and does not add traditional debt. In a limit-based model it is a credit limit secured by the receivables.
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