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This feature is currently in BETA

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Overview

Invoice financing refers to a form of short-term borrowing in which a business borrows money against the amount due on invoices it issued to its customers. Invoice financing helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full. Tesouro offers invoice financing as part of the Tesouro API, so partners can provide it to their US customers.
Contact usContact your Tesouro account manager to learn more about invoice financing integration.

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Requirements

  • Only US organizations can enroll into invoice financing.
  • Only invoices in the issued and partially_paid statuses can be financed.
  • Invoice due date must be at least 7 days from the current date.

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API endpoints

Invoice status in Tesouro is not changed after financing because this status is supposed to reflect the actual payment received from the counterpart.An invoice’s financing status is tracked separately from its invoice status.

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Organization onboarding

Before invoices can be financed, the organization must enroll into financing, receive an offer, and accept it. The API doesn’t cover enrollment, so ask your Tesouro account manager how to enroll an organization. The organization user who onboards to financing is assumed to be an authorized business representative with signing authority. During onboarding, the user provides business information about the organization and a list of business owners, and connects a bank account where the loan funds will be deposited. Plaid Link verifies the bank account. At the end of onboarding, the user sees the available financing offers, including credit limits, loan terms and fees. To accept an offer, the user signs the loan agreement.