11 April 2025
Many small companies find themselves playing a guessing game as they wait for an invoice to be paid. They have completed the job and shipped the goods as well as the invoice is sent, but now they have to wait. Days become weeks, weeks become months, and cash usage starts to grinding halt. For small and medium-sized enterprises (SMEs) across the UK, late payments have become a serious problem, one that is all too common. Changing that is our goal at Affivo.
An issue that cannot be overlooked
Late payments of invoices across the UK cause many of the nearly 50,000 companies that go under annually cease to exist, several businesses say[1] Late payments restrict growth, hinder hiring capability, and even endanger business survival, in addition to their crippling effects. The liability of payments is among the major obstacles to success for SMEs that already work on slim margins. Many SMEs have to either chase payments by hand or rely on standard credit sources, including bank loans and using personal funds. These, however, are not usually realistic. Loans come with high interest rates, take time to approve, and need collateral. And a company that just desires to be paid for the work already completed shouldn't have to struggle so much.
Where Affivo comes in
A more sophisticated approach to quicker payment. Our view is that small businesses should not have to depend on obsolete financial techniques or wait for payments. Affivo offers smooth B2B payments for SMEs, an option that guarantees faster invoice payment without complications. Rather than waiting 30, 60, or even 90 days for payments, SMEs using Affivo can be paid on time. We do risk checks, underwriting, and facilitate transactions between buyers and sellers seamlessly – all risk free to both the parties. Not just another payment solution.
While there are numerous B2B payments fintech solutions, we approach things differently. Many enterprises only deal with large invoice sums, often £100,000 or more, leaving behind smaller enterprises. Understanding that these small businesses need cash flow solutions as much as the bigger ones, at Affivo, we focus on SMEs with invoices averaging £20,000 to £50,000. We aim to remove the hurdles in the way of working capital and give SMEs a financial instrument that is appropriate for their needs.
Not only is it just a faster payment process for the future but also transaction security. Affivo is meant to assist SMEs in better grasping their financial landscape as well as to guarantee that companies receive their pay on schedule. Processing more transactions via our platform helps it to identify the financial trends of businesses, therefore providing knowledge and tailored solutions to enhance their cash flow techniques.
Not only do we accelerate payments, but we also supply actual financial information that aids companies in making better judgments. More than just a payment system, Affivo is a growth tool that not only automates payables and receivables but also offers data-driven pricing and budgeting.
SME Finance's Future
Small businesses are the foundation of the UK economy, yet they still battle with crippling and pervasive hindrance of not getting paid on time. Affivo believes that no company should be crippled by late payments. Our vision is one where cash flow is predictable, transactions are seamless, and SMEs can focus on what truly matter, growing their business.
For businesses tired of chasing invoices, Affivo offers a smarter way forward