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OptiPay Invoice Finance

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OptiPay Invoice Finance
Upfront Fee
Max. Loan Amount
Loan Term
Up to 1 year


Borrow up to 90% of unpaid invoices. Fees apply and there is a $1 million revenue requirement.

OptiPay Invoice Finance allows you to access the money tied up in your pending invoices. They offer funding up to $1 billion dollars and can finance to 90% of your invoices in exchange for a fee. This fee is based on your business’s size and value, as well as the risk assessment of your clients. 10% of your invoices will be held back until your invoices have been paid, and the fee is taken from this amount. This loan is secured against your invoices. To be eligible for this loan, your business needs an annual revenue of at least $1 million, and you need to have at least four regular paying clients or customers.

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Optipay was formerly known as Tim Finance.

How does OptiPay Invoice Finance work?

OptiPay works by charging a "discount fee" on the invoices it funds. Once through its approval process, simply upload your invoices (OptiPay runs a credit check on your debtors and verifies each invoice) and it can give you up to 90% of the total amount payable on those invoices. The 10% is paid to you once the debtor pays the invoice, minus the fee charged by OptiPay.

In order to apply for OptiPay, simply submit your business data so that its team can determine your eligibility. The "discount fee" you will be charged is based on the size and value of both your business and on the criteria of the debtors funding you.

Features of OptiPay Invoice Finance

  • Quick online application. Apply online in a few easy steps.
  • Receive your funds in 24 hours. Once approved, you can unlock up to 90% of your invoice funds within 24 hours of invoice verification.
  • No hard credit checks. Applying for OptiPay will not affect your credit rating. If you have bad credit or have been denied a loan elsewhere, you may still be able to apply for OptiPay.
  • No property security. OptiPay checks your current sales and uses your accounts receivables invoice ledger as collateral.
  • Up to 90% funding available. On verified invoices, OptiPay will pay out up to 90% of your invoice funding. The other 10% is held back until your debtor has paid. The agreed-upon fee is taken from that 10%.
  • Payment protection. Should your debtor going into insolvency OptiPaySecure will cover 90% of the invoice value funded, plus legal fees to chase your debtor's outstanding payment.
  • No payment until your invoice is paid. OptiPay only takes its fee once your debtor has paid your invoice.
  • $1 million revenue requirement. Your business must have an annual revenue of at least $1 million and you must have at least four regular paying clients or customers.
  • No long lock-in contracts.

How much does the loan cost?

  • Discount fee. The "discount fee" charged by OptiPay is determined on your business's size and value, as well as on the risk assessment of your clients. OptiPay says that the more you use its system, the lower your discount fee could become.
  • No application fees
  • No hidden fees

How to apply for OptiPay Invoice Finance

If you're a small to medium business owner and think OptiPay could help to improve your company's cash flow, simply click the "Go to site" button and provide your business data. Before applying, make sure you meet the following criteria:

  • Have been operating at least 12 months
  • Have an annual revenue of at least $1 million
  • Have at least four regular paying customers

You will need:

  • Your ABN
  • The director's/owner's/officer's information

OptiPay Invoice Finance is a viable choice for many businesses and could potentially be a cheaper option than other forms of unsecured business loans. However, it is always worth exploring and comparing invoice financing products before submitting an application.

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