Payar is a financial technology company that provides invoice financing and working capital solutions to small and medium-sized businesses throughout the UK. Their platform allows business owners to access funds quickly by uploading unpaid invoices for financing.
Payar aims to offer a simpler, more flexible alternative to traditional bank loans for working capital. Through their online portal, customers can obtain funding of between £5,000 to £100,000, usually within 1-2 business days of approval. This helps solve cash flow issues that businesses often face while waiting to collect on invoices.
As the company was founded in 2017, Payar has grown rapidly and now supports over 5,000 customers across various industries. Their mission is to be the most-used working capital platform for UK SMBs through transparent funding options and easy-to-use technology. Payar takes a percentage of the invoice value as their fee rather than interest charges.
By providing timely access to funds, Payar helps businesses better manage cash flow, take on new opportunities and experience less financial stress over the long term.