What is Rapid Cash?
Rapid Cash offers a modern line of credit unlocked by your unpaid invoices, offering greater flexibility and automation than most traditional finance facilities.
It syncs with your accountancy platform and generates a real-time credit limit based on the value of your eligible invoices. You choose which customers to borrow against and you only pay for the funds you draw on. Your available limit is adjusted as invoices are raised and paid.
In addition, our platform has two-way data sharing which makes reconciliation seamless. A customer pays an invoice into your Rapid Cash account and you'll see it appear in your accounting software instantly, no need for data entry or uploading invoices - saving you time to focus on running your business.
Who Owns Rapid Cash?
Rapid Cash is a product of NatWest (National Westminster Bank Plc).
Is Rapid Cash Factoring?
Rapid Cash is not factoring. Typically a factoring provider will purchase your invoices and take over collections. Therefore, your customers will be aware that you are using a factoring service as they will be in direct contact with them..
Rapid Cash is fully confidential - we stay in the background, you remain in charge of collections and your customers pay into a different account that we set up for you.