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Rapidly growing payment service makes life easier for small businesses

Blog post   •   May 12, 2016 13:36 BST

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With the payment service Billhop provides, companies now have an easy and cost-effective way to solve their liquidity problems, and in just one year, the number of customers using the service has doubled.

According to credit management agency ‘Intrum Justitia's’ annual payment report, seven out of 10 Swedish companies say that the late payment of invoices is part of a deliberate strategy. This is often due to the fact that small and medium sized companies do not have sufficient margins to pay invoices from their suppliers before they have received payment from their clients.