Swiss invoice financing platform partners Wirecard and enters German market

Wirecard is supporting Advanon’s entry into the German market. As the leading platform for invoice financing in Switzerland, Advanon offers small and medium-sized enterprises (SMEs) in Germany the opportunity to digitally pre-finance their invoices. Advanon buys all of a company’s receivables against third parties and settles the outstanding amount in real-time. As a cooperative partner, the Wirecard Bank supports Advanon by placing its German full bank licence at the company’s disposal as well as by assuming responsibility for payment processing.