How to Apply for Invoice Factoring:
Apply for an account with NKNI- complete our online application form or send us an email and we will contact you to establish the relationship.
4. Sign the factoring agreement - Sign the Factoring agreement which describes the terms and conditions as well as fees and charges.
How to Apply
2. Due Diligence - provide your corporate documents, IDs/Passports copies of your directors/shareholders. Proof of address of your directors and company details.
5. Debtor Notification - Once your application is accepted, you will inform your debtors that invoices have been assigned to NKNI and in future they will need to settle them directly with NKNI.
3. Provide Accounts and statements.
Audited financial statements.
Management accounts.
Debtors ageing analysis.
Credit terms provided to your debtors.
Further to our evaluation, we shall inform you in writing of our decision and provide you with a Terms and Conditions Agreement. Once the agreement is signed, we shall give you procedure as to where you can upload/send invoices assigned and get instant liquidity.
6. Invoice and Collect - After the set-up is complete, you can present invoices to NKNI and withdraw funds immediately up to 90% of the invoice value.
How to Apply for Reverse Factoring:
Apply for an account with NKNI- complete our online application form or send us an email and we will contact you to establish the relationship.
4. Sign the Reverse factoring agreement - Sign the Factoring agreement which describes the terms and conditions as well as fees and charges. The Factoring agreement will be both signed by the Supplier and the Buyer.
How to Apply
2. Due Diligence - provide your corporate documents, IDs/Passports copies of your directors/shareholders. Proof of address of your directors and company details.
5. Supplier- Invoice and Collect.
As soon as we check the essentials of the assignment, meaning before the invoice due date, the supplier may draw on the factoring advance, or we will pay him up to 100% of the nominal value of the assigned receivable on the due date. The advance amount is paid to the supplier ‘s account after the deduction of NKNI commission.
3. Provide Accounts and statements.
Audited financial statements.
Management accounts.
Debtors ageing analysis.
Credit terms provided to your debtors.
Further to our evaluation, we shall inform you in writing of our decision and provide you with a Terms and Conditions Agreement. Once the agreement is signed, we shall give you procedure as to where you can upload/send invoices assigned and get instant liquidity.
6. Buyer settlement- The customer agrees to settle this receivable on or before the due date, or no later than on the date agreed in advance.