Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

What is invoice discounting?

Invoice discounting is a type of short-term financing that allows businesses to get paid early for their invoices. A third party, called a factor, purchases the invoices from the business at a discount. The business then receives the discounted amount immediately, and the factor collects the full amount from the customer when the invoice is due.