Australian Debtor finance industry climbs to $64 billion

As Australian businesses move to find better solutions to their cash-flow problems, the Australian debtor finance industry reached $64.4 billion in total turnover for the 12 months to the end of December 2015, up 2.8% on the prior year. 

According to the Debtor and Invoice Finance Association, total debtor financing (also known as invoice financing) turnover in the December 2015 quarter was $17.4 billion – an increase of 10.2% on the September 2015 quarter. Invoice discounting turnover was $16.0 billion and factoring turnover was $1.4 billion.
See how Apricity Finance can help you