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December 3, 2014updated 04 Apr 2017 4:04pm

Tungsten launches invoice financing service in US

UK-based invoice processing firm Tungsten Corporation has announced that its invoice financing service, Tungsten Early Payment, will now be available to certain US-based companies that use Tungsten Network to invoice their customers.

By Verdict Staff

UK-based invoice processing firm Tungsten Corporation has announced that its invoice financing service, Tungsten Early Payment, will now be available to certain US-based companies that use Tungsten Network to invoice their customers.

Designed for Tungsten Network, the integrated invoice finance offering will enable suppliers to be paid for invoices by selecting the invoice and payment date thereby providing a low cost and easy-to-access alternative to traditional forms of bank finance.

Edmund Truell, group CEO of Tungsten, said: "The vision the management team and Board had when we set up Tungsten, just over a year ago, has come to fruition.

"We are successfully financing invoices for UK-based suppliers on our platform, and are now beginning to do the same for selected eligible suppliers in the US. As new supplier companies are invited to join Tungsten Network by their customers, they will be invited to sign up for Tungsten Early Payment at the same time."

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