In 2020, the average payment time in Denmark increased to 66 days. Close that gap to (almost) zero by using CreditStretcher.
Get paid faster
Invoice factoring can take 14 days. A credit stretch can be made within 2 days.
Create an account, submit an invoice and get an answer quickly.
It costs 3.75% of the invoice amount ex. VAT, regardless of your company size. Our pricing doesn’t discriminate on the invoice amount or your creditworthiness.
Better for you AND your customers.
When you get a credit stretch, we give your customer 60 days of interest free credit. And they can extend to 90 days for just 1% of the invoice amount ex. VAT.
Build better customer relationships
You know how important your customer relationships are. Late payments strain those relationships. How much easier would it be if you could be certain you’ll get paid on time, every time. And your customer gets 60 days of interest free credit. So you can get paid faster without putting additional pressure on their business.
Now everyone is happy.
Our customers are happy they made the switch.
"I was happy to find out that CreditStretcher not only sorts it all out for you. It’s also much faster than any other solution we have used".
Freddy Bach, a happy credit stretcher since 2018
The old way
- You call up a bank or factoring company.
- They ask for your invoice
- Most want to go through your accounting manually.
- They do a slow and manual credit check.
- They manually check through your details.
- They make a decision (yes or no)
- A salesperson calls you back to let you know their decision.
- And then you have to sign all of the paperwork.
No wonder it can take 14 days
The new way
- You create an account on CreditStretcher.
- Submit a PDF of your invoice and our app auto-fills your info.
- You check it’s correct. And then one-click to automatically run a credit check on your customer.
- If approved, you get your money, ex. VAT, right away.
It's time to say goodbye to the old way
How our pricing works
No hidden fees
Free up to 60 days
and 1% for 90 days
*For invoices between 50.000 DKK - 500.000 DKK
Enter the invoice amount (ex. VAT)
How many days of credit?
Price for invoice issuer
Price for invoice receiver
No hidden costs. No unexpected additional fees.
Payments, credit rating, and credit insurance all included in one set fee.
APR / ÅOP 19-22,5%
Who are CreditStretcher and why should I buy your credit stretch?
I’m Jacob, CEO at CreditStretcher.
We think that invoice factoring takes too long, it costs too much and it’s generally overcomplicated.
So we made a new solution for SMEs.
We created a new and smarter platform to get your invoices paid faster. We're convinced that the traditional approach isn't good enough and it's unfair for SMEs suffering under long payment terms.
And because we know your customer relationships are so important to you, we built it so you can give your customers access to 60 days of interest free credit.
Now you can make credit stretches on single invoices, one at a time. Freeing you from selling all of your invoices at once.
- Jacob Vorsø Pedersen
All the FAQs
Will it affect my credit rating?
No. We don’t care about your credit rating. We’re only interested in your customers’ credit rating. And no, it won’t affect theirs either.
Is the process complicated?
Borrowing money is always complicated, but we simplified the process to make it suck less.
Will this harm the relationship with my customer?
No. Unlike other finance providers, CreditStretcher benefits both you and your customer. You can offer your customer interest free credit so they can grow faster, too. It's win/win.
I’ve tried something similar and it didn’t work
Most finance providers can’t service smaller, less creditworthy SMEs. But we can. If your customer is creditworthy, we will finance you.
What about hidden fees?
It’s just one fee of 3.75% ex. VAT. No hidden fees whatsoever. And you’re guaranteed to get paid.
What happens if my customer is not creditworthy?
Sadly, we can't service all customers. If your customer isn't creditworthy you could try an invoice from another customer.